I am ST trading TTN, may hold for a couple of weeks.
As I am not intended to hold LT, haven't tried to contact the company.
IMO, current market cap is about $20m, already factored in further earnings downgrades.
Even if the company can sustain to make $5m profit, current share price is fair.
Both ING and Shaw Stockbroking put "hold" rating on TTN a week ago when TTN trading around 50c.
I bought TTN based on,
- sp lost 85% from its year high,
- high NTA (88c),
- net debt ($8.7m),
- undrawn facility $17m, and
- revised EBIT $10m - $12m
These data could change, but enough to me, current sp presents good bounce chance.
To BUY or SELL, please make your own mind.
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