the risks in this industry in respect of contract delays / margin erosion have come to pass. Heaps of other private operators are doing much worse. At least hofco looks like it will do better than last year - given overall gearing is low to moderate, TTN look like they should get thru this.
What I don't get is how a fund manager can just dump stock at the slightest whiff of a slowdown esp in a small cap - aren't they supposed to be long term ? imagine if a companies bankers did the same thing !
most of the issues appear to be in the camps/ catering / water cartage - gap in drilling contracts ( par for the course in his business ) has happened at the wrong time. debt / ebit is less than 1x new forecast - if was say 2 / 3 times their previous forecast ( i.e. $21m ebitda x 3 ) they would be in a whole world of hurt.
back in the bottom draw - why sell now is a buyers market ?
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $7.558M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 19805963 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 4567020 | 6 |
View Market Depth
| Last trade - 16.12pm 18/06/2025 (20 minute delay) ? |
| AUK (ASX) Chart |
Day chart unavailable