Not sure what was great about that report? They have actually increased debt, lost revenue, had project delays with uncertainty of when they will start up, and talked about a lot of headwinds coming up, especially the election. I took my chance @ the +8.33% rise to 0.026 to bail out at a small loss. Glad I did now as it's already sunk to 0.022.
To be at the end of Feb and still not be able to give a guidance for FY19 was the last straw for me. Hopefully they release a good presentation next week that drums up some market confidence/interest, otherwise it'll be another 6 months of going nowhere for the share price.
High P/Es are usually in companies because the market anticipates stellar growth (see APX, WTC, APT etc), but with every 6 month profit growth of only a couple hundred K, even a P/E of 6 seems very high.
Good luck holders, hopefully the TTI ship sets sail soon for you all. I might jump back on board when (if) their LED streetlight business is in full swing.
TTI Price at posting:
2.2¢ Sentiment: None Disclosure: Not Held
