TPI in strife. Unforeseeable?, page-2

First 2 Last

Share
Profile

Follow
madamswer

17,768 Posts.

9074

27/02/15

07:52

Post #: 14827178
Share

Originally posted by MikeMennell ↑

I correspond privately with a few HC posters. About a yr ago one wrote to me and asked about TPI. Poster mentioned that HC poster 'Camden' had recommended TPI a couple of yrs ago and wanted my thoughts. I have a very high regard for Camden and miss his contributions, so i did some research. I replied saying TPI is far too risky and is overpriced. Several weeks went by and i became even more concerned and wrote to my other HC pals and said 'avoid this stk it is heading for a big fall'. Back then the SP was about 78c.

I keep an eye on TPI and was surprised when starting on 20 Jan SP suddenly firmed from 80.5c up to just above 90c. This action all being in the weeks leading into HY result. Hence, i took another look at TPI FA and came away thinking i may be wrong and Mr Mkt knows more than me. But i kept reminding myself about this sentence this sentence buried in the CEO's long AGM address in late October.

"These difficult trading conditions have continued into the current financial year and we expect them to remain so for the balance of the year." Another sentence talks about how " the industrial division will continue to face challenges". His speech convinced me that earnings were in strife and TPI faced a long haul before reasonable returns will eventuate. In space of a week SP has tanked 22% i.e. the HY result simply confirmed the warnings given to shareholders 4 months earlier. Avoid.

Expand

Camden?
Meh... I never rated the guy.
I reckon he was just a pompous idiot.
Show me one decent call he made.

(Well done on your good TPI call.)

TPI Price at posting: 71.0¢ Sentiment: None Disclosure: Not Held
8 Upvote

0 Great analysis

Reply

Top Stories

Trump chides Powell as Goldman call for calm. The RBA must be nervous

Week 27 Wrap: 40% China tariffs?; ASX +10% FY25; US Amazon price spike

KGD

Kula picks up unexplored niobium play in Malawi, with surface samples logged

AII

Inside the Depths of Panasqueira: A Legacy Carved in Rock

OSL

OncoSil wraps up recruitment for key pancreatic cancer trial

Listen: HotCopper Wire Podcast 016 – FY25 ended up not so bad... but Trump unpause is coming

NMG

New Murchison Gold blasts off at Crown Prince as 'better than expected' results return

DMP

Is Domino's a steal after -25% plunge?

THL

Tourism Holdings says Liberation Day tariffs smashed US RV demand

HotCopper Highlights, Week 27: G8 scalped, Domino’s drops the box, Gemlife brief hype & more

First 2 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

TPI in strife. Unforeseeable?, page-2

Top Stories

Trump chides Powell as Goldman call for calm. The RBA must be nervous

Week 27 Wrap: 40% China tariffs?; ASX +10% FY25; US Amazon price spike

Kula picks up unexplored niobium play in Malawi, with surface samples logged

Inside the Depths of Panasqueira: A Legacy Carved in Rock

OncoSil wraps up recruitment for key pancreatic cancer trial

Listen: HotCopper Wire Podcast 016 – FY25 ended up not so bad... but Trump unpause is coming

New Murchison Gold blasts off at Crown Prince as 'better than expected' results return

Is Domino's a steal after -25% plunge?

Tourism Holdings says Liberation Day tariffs smashed US RV demand

HotCopper Highlights, Week 27: G8 scalped, Domino’s drops the box, Gemlife brief hype & more

Featured News