No news is good news? In my opinion a good risk reward play at the current price of around 40c. WDS is a different beast, much larger, more employees and not as agile as Titan and more of a infrastructure building contractor. The issue for Titan as I see it is the RCH business, carries a lot of fixed cost and assets that need to be deployed and utilised. Atlas sounds ok and Hofco, well it is hard to say, with one of the founders of that business resigning as a director recently. What is break up value? 25c per share? Huge upside if management can turn this around.
Ann: Annual Report to shareholders, page-17
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