TTI 0.00% 0.4¢ traffic technologies ltd.

Ann: Earnings Guidance, page-2

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  1. 524 Posts.
    lightbulb Created with Sketch. 276
    Bargain of the century IMHO.

    For those unable/unwilling to read, this is what they are saying for FY18:
    EBITDA - $4.4-5.2M
    EBIT - $2.6-3.4M
    NPAT - $1-1.8M

    ...Martket Cap - $8.8M

    At a conservative P/EBIT ratio of 10, this should have a market cap of $26-$34M (3-4 bagger)
    Heck at a P/NPAT ratio of 10 (lol), this is worth $10-$18M. (20% - 2 bagger)

    Easy 2-3 bagger hiding in plain sight in my view as they start smashing through their debt.

    What I think will really happen is this will get taken over by someone willing to fork out $20M for the debt, say $15M (for the business - to woo Con out of his shares)...hey presto, easy $3M+ profit per annum.

    Or the market will wake up to a heckuva bargain.
 
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