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TCN 6.2¢

I just could not help... 28/02/2017, 22969694

  1. risk41

    392 posts.
    I just could not help cleaning more of these up today at the current price. Well overweight now, but at this level it is too hard to resist.
    As you mentioned it has a $9M EV. Plus it is expecting its statseeker loan of $1.25M to be repaid this calendar year which brings the EV to $7.75M. Earning $1.2 - $1.4M profit after tax for the next 6 months.
    There is definitely risk and the stronger AUD is probably not helping.
    As you said, nothing really much different in today's announcement to what was already known (except they were forecasting $1.6M NOPAT for second half in November).

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