Agree that the thin trading is not a good indicator. Agree also that a profit of sorts is imminent. And it is good to see the balance sheet become a little stronger in 2018. Having said that, a 'profit' can often be concocted when needed. Shareholders need to be confident the profit is underlying and sustainable. A further, and important, test will be the continuing support of the substantial shareholders (Jan Cameron, Tasplan, Ellerston and CVC). I think Tasplan Super is especially interesting because they have to be bloody minded in the interests of their members and presumably they have been liaising with TFL management (and not just in relation to any possibility of a 'second strike' against the remuneration report). If they reduced their shareholding, or did not support the remuneration report, I think there would be cause for concern.
TFL Price at posting:
12.5¢ Sentiment: Hold Disclosure: Held
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