Well - I entered today at 51 with a. Moderate position . I had invested on this at 2.10 earlier this year and sold out at 1.96 as I thought it was be safer to get out of mining services . But given TTN has moderate debt , real assets ( Rigs) it does present a safer opportunity than a similar company with high debt . To be clear it has lost 72% of its value and I think part is due to downgrade but a lot due to market sentiment of this sector where any bad news gets punished to a greater degree. Do I think it's going to 1.75 anytime soon , no but I do think a 60c-70c SP is more reflective of projected earnings with 90-1.10 if earnings to improve next year
as for motley fool - they love to grab Cheap headlines to attract subcriptions and every second email is a 50-60% discount to subscribe . I would be impressed if they had recommended TTN is a sell before the downgrade - no after. A call like don't buy is really risk free as nobody will care too much if it goes up and if it falls they will post they are correct . If it goes up - they will be silent . The fact they call it a value trap confirms on the existing numbers it seems clearly undervalued - not without risk but very decent buying at present IMO
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Last
0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $17.35M |
Open | High | Low | Value | Volume |
0.9¢ | 0.9¢ | 0.8¢ | $1.37K | 154.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
20 | 13997147 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.9¢ | 1144694 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
20 | 13997147 | 0.008 |
17 | 10303699 | 0.007 |
15 | 11453200 | 0.006 |
12 | 18900000 | 0.005 |
4 | 3700000 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.009 | 1144610 | 5 |
0.010 | 1685000 | 5 |
0.011 | 3327394 | 5 |
0.012 | 5033333 | 4 |
0.013 | 1686343 | 3 |
Last trade - 11.11am 23/08/2024 (20 minute delay) ? |
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