Meeting with Tempo, page-25

I actually analysed Tempo on Sunday & came up with an Intrinsic Valuation for
EOFY/2015 of $0.22
For ROE used actual average equity over last 2 years, disregarding accumulated losses
NPAT ($6,739,995 / $70,287,157) = Actual ROE = 9.59%
I think the recent selling may have been employees cashing in on a (100% to 200%) return
on the (6,408,307) (ESOP) issued @ ($0.10) on the (15/04/2016)
Also the auditor (RSM Australian Partners) are relatively unknown as far as (ASX Company Reporting) goes
If they start paying dividends, it would add some confidence
But as Tempo is a cyclical company, a larger margin-of-safety is required

@jackarooz
Hi Jack