I'd be happy with T.E.P.'s 22c target on the basis that organic growth as a result of reopening and Covid products is achieved. This for me is more like a 6 month target.
I think it turned into a poor opportunity for traders because technically it quickly traded lower than the open early yesterday (note I'm not much of a trader).
Personally, I set out my reasons for investing and think they relate to management's achievements, reopening of venues (with covid safe requirements) and continued traction with the operational turnaround. To me these will take a few months more to come through and therefore think this will be a gradual realisation in the share price.
MSL Price at posting:
8.3¢ Sentiment: Buy Disclosure: Held