Hofco should add $5m EBIT - $2.5m for half year only (so we are on track, and maybe with 12 months they can make this figure even higher). This is an incredible effort, upgrade after upgrade, I was lucky enough to grab a few at < $1.40. I think when they give the 2014 guidance, TTN will be well above $2.00. 4 cylinders all firing now, maybe an EBIT guidance approaching $20m for 2014!!! Although I grabbed a few recently, based on the relentless selling I was nervous that we were in store for a poor guidance, kicking myself I didnt grab more. Once the profit takers are done at $1.80, I will be adding even more.
AUG Price at posting:
$1.81 Sentiment: Buy Disclosure: Held
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