Those of you who thing that TLS is near a bottom had better think again.
The market wants confirmation that TLS can stabilise revenues, and grow them over the medium term at GDP + 2%.
The next couple of quarters for TLS are critical for this reason.
Another couple of quarters of negative revenue growth in the -1.5/2% range would raise significant doubts about the viablilty of 4%+ growth that's being predicted in analysts models.
NO ONE in the market likes a company with FALLING REVENUES.
If the trend is confirmed over the next few quarters, TLS will be trading at a significant discount to the market... on a PE in the vacinity of 11/12.
Based on current EPS of 30/31c, TLS has the potential to trade as low as $3.50 in the medium term.
Be prepared for more falls in the near future if the trend of falling revenues is confirmed!
TLS is a high risk/low return proposition in the near term for this reason.
STAY AWAY!
Expect the worse.
Add TLS (ASX) to my watchlist
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Last
$3.89 |
Change
-0.040(1.02%) |
Mkt cap ! $45.13B | |||
| Open | High | Low | Value | Volume |
| $3.91 | $3.94 | $3.89 | $45.55M | 11.66M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 448779 | $3.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.90 | 115179 | 3 |
View Market Depth
| Last trade - 16.10pm 26/05/2022 (20 minute delay) ? |
 (live)
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Last
$3.91 |
Change
-0.040 ( 0.48 %) |
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| Open | High | Low | Volume | ||
| $3.92 | $3.94 | $3.90 | 3921460 | ||
| Last updated 15.59pm 26/05/2022 (live) ? | |||||
| TLS (ASX) Chart |