TPP 0.00% 8.8¢ tempo australia ltd

Good time to top up IMO.Acquisition going ahead binding...

  1. 249 Posts.
    Good time to top up IMO.

    Acquisition going ahead binding paperwork soon to be completed. IMO within 4-6 weeks will SP be 20c or 20c+ prior to next cap raising.

    With estimated EBIT of $9M next year even if we issue 50M more shares say at 20c to raise the $10M for this coming acquisition, total will be 200M shares on issue.

    With 10x earning of EBIT of $9M (rough estimate of market cap, IMO) will mean Market Cap $90M share price with $90M MC Cap is 45c.

    I can see this happening within a year without a issue.

    I will be buying more next week if price remains around 16c mark.


    I am very bullish on TPP for the longer term being
    6 months to 3 years+.

    I hold, DYOR.
 
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