good insight pCap. I agree with their recommendations. We should see TRS going back to mid 6 or even 7 after the impatient mob is done selling. The business is in very good shape financially and I have a sense something is cooking regards the cash position. They are probably looking to buy someone out or setup a new category. Let's see. As you state private equity might get on the cards again. TRS is looking very attractive at the moment. Like come on, we are trading below equity valuation and we might see a very strong cash position after H1. We are on track to have around $40 mil net cash position by end of Dec.
40 mil ocf
- 12 mil property
- 3 mil divvy
- 0 mil borrowings to repay this time
+ 15 mil cash in a bank in june'18
= 40mil cash in a bank
We might see a bid coming by year end.
TRS Price at posting:
$5.41 Sentiment: Buy Disclosure: Held
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