I agree with your sentiment. It is a strong business and is very successful, but I feel it is overvalued. Revenue only grew 5% in the half, and although they say it is expected to grow 15% over the next 4 years that is not based on track record. A great profit increase of 44%, but they made significant staff cuts in the year, and that is unlikely to be replicated. The profit is a great result!
They have a great balance sheet, they need to look at solid investments with the cash they have to increase growth.
TNE Price at posting:
$9.03 Sentiment: Buy Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)