I think because the stock doesn’t get traded that much someone went yes ..20c .. thanks .. I’m out.
I believe it is a long term bottom of the draw safe stock that will realise a solid return to share holders over time.
The business model is very simple and very solid and management appear to be hitting targets via acquisitions especially in the line monitoring market.
However it’s not in the sexy sweet part of the market that attracts the punters ... so it’s an unloved duckling at the moment.
Realistically this could sneak up to 30c without the market paying it any attention or due credit.
I like the story and the business model.
TPS Price at posting:
16.0¢ Sentiment: Buy Disclosure: Not Held