Given the sudden strength, I now hope that it will breach the dollar before Christmas and may rise to $1.20, just gut feeling.
The rationale reasoning is that whilst there have been write-downs, the actual profit from memory has been steady, the business seem to be in a similar state overall.
Any retained profits that otherwise would have been paid as dividend should also be added to the valuation as they have been retained.
Just in case I am right, I shall hold off until $1.20. Fingers crossed.
TPI Price at posting:
82.5¢ Sentiment: None Disclosure: Held
