Little hidden gem the mining services meltdown, page-4

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telamelo

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01/02/16

19:41

Post #: 16916797
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Originally posted by Ivanovich ↑

TPP : ASX Market cap $22M this morning . $7M cash. Sales this
quarter $33.M and to continue through out 2016. $6.6M cash inflow generated in the quarter. Veteran of the mining services industy Charlie Bontempo took up the riens last year as Chairman. In the early 1990s, Bontempo was recruited by the administrators of Monadelphous to serve as managing director. He guided it through to listing and Monadelphous went on to become one of the most successful contractors of recent decades. He holds 41 million shares and buys more when he's permitted to. Tipped to do $4M + NPAT this calendar year his management style resonanted with me :
" Tempo, he says, has been built around a business philosophy that eschews the layers of middle management that have accumulated in so many larger rivals in favour of a “bottom-up” approach that empowers the workers to drive productivity and efficiency. " I believe the people are good. It’s the supervisors and the middle management that I have a problem with,” Bontempo says.
Boasting Tier one clients since Bontempo came on board , access to high quality personel due to the massive restructuring in the mining services space, it's a rare good news story. Many will say the sector is a total AVOID as an automatic response but if a company can win work and make a buck in one on the worst downturns in the mining services sector you sit up and take notice.

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Today's VWAP was 0.139c as quite happy to have added a few more avg 0.135c (noting new intra-day 3 yr high reached of 15c earlier on)......... safe, longer term keeper imo

Cheers tela

TPP Price at posting: 13.0¢ Sentiment: Buy Disclosure: Held
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Little hidden gem the mining services meltdown, page-4

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