TER 2.38% 20.5¢ terracom limited

Ann: Release of Audited Financial Statements, page-29

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  1. 55 Posts.
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    Projected Equity Tonnage EBITDA based on discounted NCF1 & AP14.

    This company definitely has its issues, but do these issues warrant a projected PE of 0.3? One should ask themselves can these issues be resolved with the amount of free cash being generated in the current market?

    I remember asking myself similar questions in 2015/16 when FMG was at $2 and the pessimists were saying the company was likely to default on their debt. All companies have their challenges, TER's issues have been fixed by the current demand for coal. The sole focus for management right now is to get coal to the terminal, everything else will work itself out if they focus on this. DYOR but it very rare to come across a business with projected numbers like this.
 
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