Australia's largest stock trading and investment forum Australia's #1 stock forum

TCN

Click for more information

0.00%

3.8¢ techniche limited.

Well you have got 1. How about 2 now? What are your thoughts of...

First 13 Last

Share
Profile

Follow
risk41

758 Posts.

33

01/02/17

10:34

Post #: 22279403
Share

Originally posted by smallbear ↑

If the loses from Urgent can be stemmed then EBIT this year will be at least 30% above last years result.

I believe the new BP contract will get them close in this regard.

I spoke to the company recently and they confirmed that Urgent will start recognising revenues from the BP contract from October and so it will assist the next results.

I also asked them about acquisitions and they said they have come very close to a couple of deals in recent times that for whatever reason never completed. They were confident that they would close a deal at some stage soon and not later than 6-12 months time.

My hope is that we get two positive events for the stock over the next year: 1) Urgent is returned to break even; and 2) a new profitable company is purchased. If we get both of these I see the stock price over 10c.

Expand

Well you have got 1. How about 2 now?

What are your thoughts of todays announcement and the current position of the co?

TCN Price at posting: 7.0¢ Sentiment: None Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

AXP

Tambourah chases gold veins and mineralisation extension with drilling

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

First 13 Last

Add TCN (ASX) to my watchlist

SPONSORED BY