Well - I entered today at 51 with a. Moderate position . I had invested on this at 2.10 earlier this year and sold out at 1.96 as I thought it was be safer to get out of mining services . But given TTN has moderate debt , real assets ( Rigs) it does present a safer opportunity than a similar company with high debt . To be clear it has lost 72% of its value and I think part is due to downgrade but a lot due to market sentiment of this sector where any bad news gets punished to a greater degree. Do I think it's going to 1.75 anytime soon , no but I do think a 60c-70c SP is more reflective of projected earnings with 90-1.10 if earnings to improve next year
as for motley fool - they love to grab Cheap headlines to attract subcriptions and every second email is a 50-60% discount to subscribe . I would be impressed if they had recommended TTN is a sell before the downgrade - no after. A call like don't buy is really risk free as nobody will care too much if it goes up and if it falls they will post they are correct . If it goes up - they will be silent . The fact they call it a value trap confirms on the existing numbers it seems clearly undervalued - not without risk but very decent buying at present IMO
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Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $15.42M |
Open | High | Low | Value | Volume |
0.8¢ | 0.8¢ | 0.7¢ | $4.051K | 510.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 589389 | 0.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.8¢ | 5244982 | 8 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 589389 | 0.007 |
11 | 9916798 | 0.006 |
32 | 48068342 | 0.005 |
9 | 12280000 | 0.004 |
6 | 7466750 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 5244982 | 8 |
0.009 | 10377855 | 11 |
0.010 | 8190161 | 7 |
0.011 | 5400000 | 5 |
0.012 | 7257471 | 6 |
Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
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