Cash is up by about $1.9m from end of December 2013, and now stand at $3.7m.
TCN should be generating about $4m in cash a year.
Market cap is about $20m which give it an E.V of $16.3m vs cash generation of $4m per annum.
A low profile, cash-cow techie company.
Just too cheap at 9c.
No wonder sub/holder has been accumulating.
Also a 25% dividend.
And management is not afraid to buy business if opportunities arise, that show last year from its acquisition of Statseeker which is earning accretive.
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- MC $20m, cash $3.7m, generating $4m in cash per annum
MC $20m, cash $3.7m, generating $4m in cash per annum
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