Well - I entered today at 51 with a. Moderate position . I had invested on this at 2.10 earlier this year and sold out at 1.96 as I thought it was be safer to get out of mining services . But given TTN has moderate debt , real assets ( Rigs) it does present a safer opportunity than a similar company with high debt . To be clear it has lost 72% of its value and I think part is due to downgrade but a lot due to market sentiment of this sector where any bad news gets punished to a greater degree. Do I think it's going to 1.75 anytime soon , no but I do think a 60c-70c SP is more reflective of projected earnings with 90-1.10 if earnings to improve next year
as for motley fool - they love to grab Cheap headlines to attract subcriptions and every second email is a 50-60% discount to subscribe . I would be impressed if they had recommended TTN is a sell before the downgrade - no after. A call like don't buy is really risk free as nobody will care too much if it goes up and if it falls they will post they are correct . If it goes up - they will be silent . The fact they call it a value trap confirms on the existing numbers it seems clearly undervalued - not without risk but very decent buying at present IMO
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.828M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
33 | 45896723 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 16752826 | 12 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
33 | 45896723 | 0.002 |
24 | 73303324 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 16752826 | 12 |
0.004 | 28068264 | 10 |
0.005 | 2250311 | 5 |
0.006 | 3533334 | 4 |
0.007 | 1390650 | 6 |
Last trade - 16.12pm 02/07/2024 (20 minute delay) ? |
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