TTI
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Ozyoioi, I think the bear case centres on the company's net debt...

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  1. Rothbard
    619 Posts.
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    13/11/17
    14:32
    Post #: 28740167
    Ozyoioi, I think the bear case centres on the company's net debt of $21.7m (as at 31 December 2016) versus its current market capitalisation of $8m.

    Net profit was around $1m in the year to June 2017 - that's not bad, and it's heading in the right direction - but at that rate it would take 21 years to pay off the debt. Talk of dividends is somewhat premature imo.
    TTI Price at posting: 3.6¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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