I agree with your calculations, and had done the same myself. I hadn't articulated as well as you. I think TNE will continue to be a successful company, but think the price factors in significant growth, and the numbers don't reflect that quantum. I have a view that capitalising research and development is the right move as it refects the asset they are building, but the timing of this in TNEs case really muddied the water, and this is their most significant cost. As they are depreciating over 5 years and only started, it will take 5 years to truly see the real picture.
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Last
$18.75 |
Change
0.030(0.16%) |
Mkt cap ! $6.113B |
Open | High | Low | Value | Volume |
$18.75 | $18.88 | $18.65 | $8.958M | 477.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 37002 | $18.75 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$18.76 | 2573 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 806 | 18.600 |
1 | 2000 | 18.490 |
1 | 3 | 18.390 |
4 | 5809 | 18.300 |
1 | 55 | 18.170 |
Price($) | Vol. | No. |
---|---|---|
18.800 | 2656 | 1 |
18.890 | 97 | 1 |
19.000 | 3000 | 2 |
19.080 | 2000 | 1 |
19.130 | 52 | 1 |
Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
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TNE (ASX) Chart |