Couldn't agree more Blobbles. It is a very boring read at the moments.
Printable View
For all TIL enthusiasts out there, check out BWX results released today over the ditch. Good set of numbers and impressive growth with maiden dividend declared (4.8c fully franked).
However as usual market reacted in different way, case of more expected and priced in.
Not sure i agree with your assessment sb9 look at the numbers closely
- BWX EPS lower than TIL - 14.1c vs 15.24c
- BWX MC ~AUD$470M (after 10% drop today) significantly higher than TIL current MC NZD$350M
- Similar growth prospects though i think TIL have a foot in the door in other markets BWX doesn't ie USA
Not comparing apples with oranges per se but TIL current PE on 2016 earnings 32x vs BWX 36x that's after today's 10% fall (and TIL's revenue growth i believe will be stronger than BWX with Trilogy/goodness growth plus full contribution from CS company over the next 12 months). Still think TIL has plenty of legs and catch up to do.
Well we have $5 lets just hope further good news is provided at the AGM to justify further SP gains from here.
A cheeky update from the company should do it. Assuming business as usual and no worse...
Hope the bubble hasn't burst!
Recent price activity looking ominious