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13:47
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Originally posted by decrisper
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I have repeated part of my post from late yesterday on a different thread as it probably sits best under the heading of this thread -"Today TTN lost another 7.5c (or 13%) and closed at 49c. It is worth looking at NWH (which appears to be in much better shape than TTN) and see what has happened to their SP - (steadily down) over an extended time. My thinking is that the SP (of TTN) will go further south next week. The market doesn't like mining service businesses and consequently there isn't any groundswell to lift TTN at present. Yesterday AMP sold (dumped) over one million TTN shares - around 2% of the shares on issue. Motley is actually telling us what we don't want to hear but which is very sound advice. I will be most surprised if the projected full year EBIT is achieved. Sorry, but I am expecting the next profit advice from TTN will be another downgrade just prior to announcing half year results. Before buying in (IMHO) wait for an extended period of price stability - a floor. At present we just have a hole in the floor!! Tread carefully. I am not a holder, just watching from the sidelines and see many similarities to NWH, however, see TTN as having lesser prospects."
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