I was tempted after reading the announcement yesterday but eventually backed away because of the debt levels. Looks cheap superficially on a P/E basis, but closer to fair when you do an EV assessment.
Interest coverage is poor. Provided there are no shocks to the top line the TTI will do great....but if a shock does come through I worry given the gearing.
I was also concerned about what happens now that the $18m contract with VIC is done? How much of this can be replaced my organic growth. I don't know but suspect it isn't the whole $18m.
They shouldn't be thinking about paying any dividends until they have paid off another $10m in debt.
- Forums
- ASX - By Stock
- TTI
- Ann: Investor Presentation
Ann: Investor Presentation , page-3
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TTI (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.475M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 615790 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 1118120 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 615790 | 0.004 |
12 | 6425454 | 0.003 |
8 | 3083666 | 0.002 |
3 | 3800999 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 1118120 | 5 |
0.006 | 1300000 | 2 |
0.007 | 100000 | 1 |
0.008 | 327000 | 3 |
0.009 | 604880 | 3 |
Last trade - 07.00am 17/10/2024 (20 minute delay) ? |
Featured News
TTI (ASX) Chart |
Day chart unavailable
The Watchlist
JBY
JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
Andrew Dornan
Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online