Hi SmallCapTech, I can't provide a link as it is behind a...

Hi SmallCapTech,

I can't provide a link as it is behind a paywall and you can't copy and paste articles. The analyst basically goes through the urgent sale and the resultant EV. Probably not much more than what was contained in the company announcement. Though in my opinion the analyst knows his stuff and has a good record in small caps.

You can sign up for a 2 week free trial (I think).

You can find more at : www.intelligentinvestor.com.au #*

I tend to use these guys' research to supplement my own as they are one of the few longer term value focussed publications.

Anyway I think the main thrust of the article was that TCN is cheap whichever way you cut it and that management is focussed on shareholder returns.

You should also take a look at shareidea.com.au at the bottom of the EAX article (in the Q&A section)

# I have no affiliation with Intelligent Investor
* If you do sign up for a trial the article is located in Top 3 for 3:The final stretch