re: Ann: 2012/13 Titan Energy Services AGM Pr...
Compared to my other shares. This one is going really well. I agree, don't think the market has caught on yet.
Earnings for the first half are expected to exceed full year results from last year. Assuming they meet forecasts for this year. I would say 6 x EBIT is not an inappropriate MC, which would equate to 48 to 54 Million or approx $1.60 to 1.80. Anyways thats just my guesstimate.
Biggest risk other than the wider market is probably weather. Hopefully there is no exceptional flooding or cyclones this year.
What are your thoughts?
Cheers
Michael
AUG Price at posting:
84.0¢ Sentiment: Buy Disclosure: Held