TVL 6.67% 14.0¢ touch ventures limited Still CHEAP?

  1. 13,063 Posts.
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    With a market cap. of 20 million and estimating earnings to be around the $2 million mark you get a P/E ratio of just 10. And when you consider the amount of cash they have it looks even better. In todays market a P/E of 15 for a growth stock is the norm so a stock price of 60 cents would be a reasonable target for TVL
    Am I wrong?


    ONLINE travel company Ltd's rosy second half outlook had probably spurred investors into doubling its share price in two weeks, the company has said.

    It said confirmation it would post its first positive earnings before interest, tax, depreciation and amortisation (EBITDA) result in the June 2002 half had probably boosted investors' interest.
    "The announcement made on 9 May 2002, which reconfirmed our earlier forecast for the June half year, likely stimulated new interest in Ltd," said today in a letter to the Australian Stock Exchange.

    The letter was responding to a please explain note from the ASX, after shares jumped from an intraday low of 16 cents on 8 May to a 14-month high of 35 cents at yesterday's close.

    The shares added another two cents, or 5.71 per cent, to 37 cents by 1100 AEST today.

    "With's market capitalisation prior to 8 May approximating the cash assets of the business, the confirmation of a positive result for the June half and the confidence in the future of online travel expressed in our directors report ... issued on 4 March 2002, investors have looked more closely at," the company said.

    "The renewed interest has generated higher trading volumes and the subsequent increase in share price." said earlier this year it expected to report EBITDA approaching $1 million in the second half, after it reported its first EBITDA positive month in January 2002.

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Mkt cap ! $99.87M
Open High Low Value Volume
15.0¢ 15.0¢ 14.0¢ $161.7K 1.099M

Buyers (Bids)

No. Vol. Price($)
2 8043 14.0¢

Sellers (Offers)

Price($) Vol. No.
14.5¢ 109057 17
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Last trade - 16.10pm 17/05/2022 (20 minute delay) ?
-0.010 ( 9.68 %)
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15.0¢ 15.0¢ 14.0¢ 245573
Last updated 15.59pm 17/05/2022 (live) ?
TVL (ASX) Chart
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