Another recommendation for TTN, this time the main pick for Under the Radar Report.
The opening paragraph:
"This is one of the cheapest stocks going around, trading on a PE of 6 times next year’s earnings, but has a growth rate of 20% plus.
A PHENOMENAL GROWTH STORY Titan Energy Services has lived up to its name with its phenomenal growth. It listed in 2011 after raising $5m on an issue price of $1 and since this time its shares have more than doubled and we expect its earnings to grow at 20 per cent plus in the next three years. Yet it is trading on a single-digit forecast PE. The company has been able to cotton on to one of the biggest industry trends in Australia: the growing supply of gas from the coal seams. Industry giants including Santos, Origin Energy and Oil Search are sucking out this gas and converting it into LNG at exponential rates in order to meet multi-billion dollar export contracts. We have been watching Titan since July last year after its shares rocketed up 40 per cent in two weeks after it announced that its net profit for the year had more than quadrupled due to the coal seam gas (CSG) projects in Queensland where it services drilling rigs and accommodation to the 30,000 and growing workforce.
AUG Price at posting:
$2.38 Sentiment: Buy Disclosure: Held
