Ann: FY18 Results Presentation, page-9

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Padova

137 Posts.

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14/09/18

14:20

Post #: 35605817
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Originally posted by Padova ↑

Hi Daz,

I'm no expert on TTI, but then again this is Hot Copper.

Around 6 months ago there was a debt restructuring, the restructure knocked off 12 million in debt and was facilitated by a 6Mill cap raise.
This restructure should mean a rerate as debt reduction would feed into an increased MC.
I do think this stock is cheap, all variables and inputs to be considered. If I had $20million I could have a company debt free producing a few mill profit a year, not to mention equity is higher than MC from my understanding.

IMHO it's cheap because;

1. The after effect of the cash raise is still being processed, but enough volume has gone through that it should be normalising soon.
2. There is still a few years debt left, but we can hope that EBITDA increases with enhanced tech that has been implemented in the last year's. This could mean no dividends for a while.
3. Profit margins on revenues is low, ~58mill revenue and ~4Mill profit, could be better, but manufacturing doesn't get as much as services st the end of the day.
4. Lastly, this stock is lightly traded and under the radar, it's just not popular and smartmarket theory doesn't really apply here.

At the end of the day it's unloved, in my perception undervalued otherwise I wouldn't be holding.

Looking at the charts a slight uptrend is there so I'm not worrying about the recent move down from 4c.

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Sorry, most of this was in response to Nickel

TTI Price at posting: 3.3¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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(20min delay)
Last 0.4¢		Change 0.000(0.00%)		Mkt cap ! $4.864M

Open	High	Low	Value	Volume
0.4¢	0.4¢	0.4¢	$3K	750K

Buyers (Bids)

No.	Vol.	Price($)
3	2571666	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	824559	1

View Market Depth

No.	Vol.	Price($)
1	157909	0.024
1	150000	0.022
3	312000	0.021
1	47666	0.020
1	100000	0.018

Price($)	Vol.	No.
0.027	400000	2
0.028	40593	1
0.029	4690	1
0.030	1193623	6
0.031	285244	2

Last trade - 12.59pm 15/11/2024 (20 minute delay)

TTI (ASX) Chart

Ann: FY18 Results Presentation, page-9

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Buyers (Bids)

Sellers (Offers)