We might have some positive announcements soon(ish):
1. Confirm results
2. Refinance of US notes
3. Sale of loan book
But just look at a daily share price chart....lots of strong dips and strong rallies. Most recent support during market panic was $1.10, when TFC offered FY17/FY18 PERs of 13x / 12x (Cannacord forecasts)....and then a month later after the 1H16 result the share price hit $1.80.
Of course if global markets decided to go bye-bye then my thesis isn't work the electrons it's written on!
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Buying opportunity or value trap?, page-15
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