I sold out just above 7 cents, luckily I had averaged down by offloading most of my shareholding at 9 cents, but today's announcement was very poorly handled.
Potential 'miscommunication' becomes also borderline questionable behaviour if they knew that the revenue in the last half was overstated by one off projects and didn't communicate this to the market sooner. I would have liked to have known back in December that revenue was inflated by one off impacts... even back in November they would have known this.
This company deserves a sin bin valuation of 1 to 1.5 times revenue or 8m to 12m. particularly as it isn't actually generating cash.
140k cash flow for last 6 months vs (apparently) 1.5m profit?
TCN Price at posting:
6.7¢ Sentiment: ST Sell Disclosure: Not Held
