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TCN 5.2¢

Follow the fundamentals... 28/02/2017, 22967123

  1. Klogg

    1,470 posts.
    Follow the fundamentals of the companies - ignore price.

    Take DTL for example. They reported a 34% profit increase on 1H16, yet the price has dropped back a fair bit. If the company is still performing, take it as an opportunity to buy more at a cheaper price.

    Looking at TCN, EV is about $9m, earnings 1.2-1.4m.
    That's a 6.5-7.2* FCF multiple. Earnings are very volatile, potentially not recovering (although 80%+ is recurring annually), so I guess that's why it's at a discount...

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