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5.8¢ traditional therapy clinics limited

Thank you Stockbrah, I should have looked more closely at page...

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Captgogo

123 Posts.

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01/09/16

14:22

Post #: 18859113
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Originally posted by stockbrah ↑

Hi Captgogo,

Check out page 5 of the 2015 annual report. Due to the timing of the issue of shares associating with listing etc. the base number of shares of which to calculate EPS in the previous period was far lower than what it 'should' have been - at least in order to compare relevant periods. 'True' EPS for last financial year was ~7.7 cents per share.

Based on this half year report, the underlying EPS per my calculations is approximately 4.1 cents per share. Conservatively double that for the full year and we're looking at at least 8.2 cents. This puts TTC on a 6.6 P/E ratio and a juicy yield (7.5%+ at the current price). I believe this company is a real standout and with tangible dividends being paid, it seems likely it is just a matter of time before this will be seriously re-rated upwards.

GLTAH.

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Thank you Stockbrah, I should have looked more closely at page 5, I agree the company has some nice potential but limited history on the ASX and also you do need to factor in the unfranked divided and it's exposure to AUD fluctuations when considering the juicy yield.

TTC Price at posting: 54.0¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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