Graphite sector
TON SYR LMB KNL MNS MOZ MTA TLG BUX LML AXE SER MRF WKT IXR BBR
People can check within the graphit sector for themselves as many stocks have had sharp fluctuations (all explained 2-3 weeks backs)
2) Movement from March
Column 1
Column 2
Column 3
Column 4
Column 5
0
2-Mar
16-Oct
Diff
% gain / (loss)
1
MNS
28.5
38.5
10
35.1%
2
TON
15
21.5
6.5
43.3%
3
SYR
4.46
3.12
-1.34
-30.0%
March 1st was a Sunday. So 1st trading day is Monday. As can be seen,TON is the best performing stock among the super pits from March. Not much to complain about really
3) 2 year movement
Column 1
Column 2
Column 3
Column 4
Column 5
0
Dec 13, 2013
16-Oct
Diff
% gain / (loss)
1
MNS
20
38.5
18.5
92.5%
2
TON
5.2
21.5
16.3
313.5%
3
SYR
2.55
3.12
0.57
22.4%
TON is one of the best performers over 2 years too, TG. We have been mentioning often that TON is a fast developing company gettting more and more recognition
4) Recent weakness in graphite sector
Column 1
Column 2
Column 3
Column 4
Column 5
0
Aug 27, 2015
16-Oct
Diff
% gain / (loss)
1
MNS
53.5
38.5
-15
-28.0%
2
TON
25
21.5
-3.5
-14.0%
3
SYR
2.82
3.12
0.3
10.6%
TON has not done too bad considering recent weakness in graphite sector. SYR got hit quite hard recently and recently recovered. MNS also seems to be in a sharp downtrend; so some weakness across super pits seems to be the case.
MNS obviously got hit very hard after falling from almost 60 (note that if I had taken the 58-60 figure, it would have shown an even bigger hit). I did mention in our recent discussion that “let us see how long they manage to hold their gains” if you remember me saying so. TONners should hope that any further weakness from MNS does not spill over
So yeah, TON has not done too bad after all.
5) Peer imbalance
Buy low and sell high - a timeless strategy. Selling and talking about selling at this level does not make much sense to me, at least.
TON’s diluted market cap is something like 90 million as I just showed yesterday.
MNS was around 250 million a short while back. They also came up with even more shares recently. I’ve not calculated and seen the latest fig.
SYR’s undiluted market cap is around 723 million.Take into account dilution and it maybe even more - maybe close to 800 million.
So TON is clearly the safest option still. It is not just the fundamentals but cheap on every metric.
6) Conclusion
So yeah, TG – TON seems quite safe to me as explained above.
Other companies also have their ups and downs which is part of investing in stocks.
We've talked lots of fundamentals. So, I guess, there is no need to go into that again.
TON Price at posting:
21.5¢ Sentiment: Buy Disclosure: Held
