Mike
Anyone buying transol should only do so as a short term trade.
Long term I think it will join Poltech in the company graveyard.
Short term, who knows. Just depends if you can find a sucker to buy the stock at a higher price.
I am sure over the coming months Transol will announce some more contract wins. The issue is that they are bidding so low they wont make any profit. Winning a contract is not much use if you dont make any money on the deal .
From the articles I have read in the age and what is in the prospectus it is clear to me that the information being reported in the age is grossly misleading. A lot of marketing hype surrounding this one and not much substance. Definatley buyer beware
As the traders would say. If you want to speculate on this one tight stop losses required
I hold no shares in TNC
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