Hi all picked this up this morning doing my "homework" for the week ahead. Will try to get some more before the next level jump.
Rasia Increases Position in Fast Growing TerraCom Ltd
Rasia
DUBAI, UAE, August 24, 2018 /PRNewswire/ --
Special Situations Hedge Fund Sees TerraCom as Deeply Undervalued
Rasia has been aggressively investing across the capital structure in high quality thermal and coking coal companies. One leading company, TerraCom Ltd, has been an investment darling with a stock price that has more than doubled this year and annual run rate EBITDA of AUD 84 million based on the most recent 30 June 2018 quarter. With an Enterprise Value to EBITDA ratio below 5x, Rasia believes the company should be trading near AUD 1.20 per share based on historical performance continuing to be delivered. Rasia also sees multiple value triggers, being balance sheet refinancing and organic EBITDA growth from Blair Athol, and BNU infrastructure and operational improvements widely discussed in corporate releases.
Rasia's special situations fund was launched in June 2017 and has delivered exceptional returns since inception by pursuing a private equity approach to public investing in liquid and semi-liquid securities. Rasia primarily engages in privately negotiated bilateral investment strategies involving a short- and medium-term horizon focusing on equities, debt, and convertible debt instruments. The special situations fund currently focuses on natural resources yet maintains the flexibility to pursue attractive investment opportunities across all industries primarily in Asia.
- Forums
- ASX - By Stock
- TER
- Middle East $ flowing to TerraCom - $1.20 target
Middle East $ flowing to TerraCom - $1.20 target
- There are more pages in this discussion • 21 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TER (ASX) to my watchlist
(20min delay)
|
|||||
Last
24.5¢ |
Change
0.005(2.08%) |
Mkt cap ! $196.2M |
Open | High | Low | Value | Volume |
24.3¢ | 24.5¢ | 24.0¢ | $56.21K | 229.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
18 | 131383 | 24.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
24.5¢ | 190978 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 131383 | 0.240 |
26 | 712349 | 0.235 |
49 | 942642 | 0.230 |
21 | 461328 | 0.225 |
22 | 1470409 | 0.220 |
Price($) | Vol. | No. |
---|---|---|
0.245 | 191998 | 13 |
0.250 | 285059 | 9 |
0.255 | 348197 | 8 |
0.260 | 851501 | 10 |
0.265 | 343639 | 8 |
Last trade - 14.35pm 06/05/2024 (20 minute delay) ? |
|
|||||
Last
24.0¢ |
  |
Change
0.005 ( 0.00 %) |
|||
Open | High | Low | Volume | ||
24.5¢ | 24.5¢ | 24.0¢ | 337144 | ||
Last updated 14.52pm 06/05/2024 ? |
Featured News
TER (ASX) Chart |
The Watchlist
ACW
ACTINOGEN MEDICAL LIMITED
Steven Gourlay, CEO
Steven Gourlay
CEO
Previous Video
Next Video
SPONSORED BY The Market Online