TCN is one of the few tech companies that came through the 2000 tech boom, and is still around. Listed in 1987.
Its history is interesting. It has changed its spots a number of times, including being renamed from Techniche to Panaseer in November 2002, and then back to Techniche in February 2004.
In the tech boom it reached a price of $5.44, which adjusted to today's money, was $4.08. Unusually, the company has had few capital changes in that time, the bottom line being a cumulative adjustment of .75
Anyway, it is unique for a spec in only having 223m shares on issue, and almost no unquoted options or 'hidden capital'. Most specs have about four or more times that.
The potential is excellent, if it is well managed, and that seems to be confirmed by the announcement of a small dividend, and forecast strong profit rise. In today's super-regulated environment no company makes predictions like that unless they are very sure of their ground.
TCN Price at posting:
7.9¢ Sentiment: Buy Disclosure: Held
