TTS tatts group limited

in the buy zone

  1. 1,044 Posts.
    A super buying opportunity is unfolding in TTS.

    Chartwise (and also based on fundamentals), $4.70 -$4.75 (if it gets there - and I think it will) should be an excellent entry price at which to buy TTS for both the short term (1 to 2 months) and moreso the long term ( 2 to 3 years).

    Lower levels are possible (if the market gets a real shakeout) down to maybe $4.40. But either way, the growth profile of this stock is impressive and the current pullback for a high of $5.47 is to be viewed as a brilliant BUYING opportunity.

    At $4.70, the dividend yield would be a handsome 5%....and earnings are forecast to grow at around 20% per annum for at least the next 3 years (based on research by UBS Warburg published last week).

    The company also has an undergeared balance sheet and will also pay a special dividend of 4c on top of the usual hald year dividend in September.

    ...and don't forget the fact Kevin Seymour recently purchased over $20 million worth of stock on-market when the shares were trading above $5.
 
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Currently unlisted public company.

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