This is one of the more curious situations i can recall seeing on the ASX - apparently one can buy a business earning ~$28m EBITDA for the princely EV of $6m - an 0.2x EV/EBITDA. Might have something to do with management's repeated tendency to buy and then cancel new head offices, gift shares to employees, raise $2m 'for working capital' despite having $22m cash in the bank and being strongly cash flow positive, and a major Chinese shareholder with its corporate office being registered in the British Virgin Islands...
TTC Price at posting:
12.0¢ Sentiment: None Disclosure: Not Held
