TFC 7.42% $1.31 tfs corporation limited

We might have some positive announcements soon(ish): 1. Confirm...

  1. 119 Posts.
    We might have some positive announcements soon(ish):
    1. Confirm results
    2. Refinance of US notes
    3. Sale of loan book

    But just look at a daily share price chart....lots of strong dips and strong rallies. Most recent support during market panic was $1.10, when TFC offered FY17/FY18 PERs of 13x / 12x (Cannacord forecasts)....and then a month later after the 1H16 result the share price hit $1.80.

    Of course if global markets decided to go bye-bye then my thesis isn't work the electrons it's written on!
 
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