Huntley rec
Recommendation Impact (Last Updated: 24/02/2006)
Multiples will not expand until the licences are resolved. At current prices around $3.05, TTS remains modestly priced at around 16 times with a fully franked 5.5% dividend yield. Accumulate below $3.20
NB..not a change in earning BUT a change in multiple ie PE
that means a BIG change is afoot
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