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
- Forums
- ASX - By Stock
- opportunity?
Well - I entered today at 51 with a. Moderate position . I had...
-
- There are more pages in this discussion • 2 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 AUK (ASX) to my watchlist
|
|||||
Last
0.4¢ |
Change
0.001(33.3%) |
Mkt cap ! $7.657M |
Open | High | Low | Value | Volume |
0.4¢ | 0.5¢ | 0.4¢ | $80.12K | 17.91M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 3342619 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 7150318 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 3217619 | 0.004 |
9 | 8032274 | 0.003 |
31 | 40082458 | 0.002 |
17 | 66351049 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 7150318 | 3 |
0.006 | 12033334 | 5 |
0.007 | 10290650 | 5 |
0.008 | 3536969 | 4 |
0.009 | 995534 | 3 |
Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
Featured News
AUK (ASX) Chart |