confused

Are mining service companies considered that bad that the entire sector is caned.

Looking at the trading update the forecast EBIT is $8m, which is almost double this time last year. Admittedly the share price has also doubled.

The second half where EBIT is forecast to be circa $22m which is 50% above last year. All analyst forecasts (about 6) have a growth in EPS forecast for the next 3 years (unlike MND and BLY)(for what it is worth MLD also has growth forecast).

Why then is the sp down? I have been buying over the past 2 weeks and probably should remove TTN from my watchlist and not worry about the short term drops.
Also a 2% divi is not too far away.

Still believe the sp should be north of $3.20 (only a forecast pe of 10 at that price) but have been wrong in the past.