In my opinion, the 11% fall today relates to Net Debt increasing by 91mil to 693mil. It is alarming, and I am hope TSE can maintain its 2014 guidance.
However, current SP is only 5cents higher when the $1.22bil contract was released. Its still cheap in comparison with the likes of other similar competitors WOR and MND.
Plus, it was around 1.30-1.50 several months back (when the contracts were not announced $1.22bil + $190mil)
My opinion only. DYOR
Quote: Be greedy when others are fearful and be fearful when others are greedy..
TSE Price at posting:
85.0¢ Sentiment: None Disclosure: Not Held
