Awful lot of TeamTalk on here or should I say TrashTalk only time will tell, I take all price predictions and values on here with a few hundred grains of salt after all Summerset should be $2.00 and Ryman $6.50 by now aye .
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Awful lot of TeamTalk on here or should I say TrashTalk only time will tell, I take all price predictions and values on here with a few hundred grains of salt after all Summerset should be $2.00 and Ryman $6.50 by now aye .
You shouldn't be buying because you like a company, you should be buying because the the numbers/analysis suggest it undervalued. You shouldn't be holding just because you feel it will turn around, you should be holding because your analysis suggest the company will turnaround.
The numbers game says TTK is currently priced with a market cap of 32 million with net debt of 35 which is an enterprise value of 67 million which will record diddly squat of a profit. I don't see how this warrants a "hold". Not having a go at you, just want to know based on what analysis do you go by?
EV:EBITDA of 5 to 6 ain't to expensive chaowee
From the announcement on Friday -
Given TeamTalk's overall performance, we have instituted tighter controls on discretionary spending, reviewed our capex programme and will look to gain further efficiency from moving a number of functions across the group onto shared platforms
Translated as
Tighter controls on discretionary spending - warm fuzzie buzz words but an admission that we have been a bit extravagant in spending shareholders money. Expect to see the a more austere lifestyle at work from execs (ha ha)
Reviewed our capex - standard response but means we won't buy as many things as we need to this year to help us grow (cut back on growth investment not always a good thing eh). Also means delaying capex until next fiscal in the hope things will be better. Hope is not a strategy.
Shared platforms - OMG talk of shared platforms and the good old buzzword 'efficiencies' to give couta the warm fuzzies. Why not happened already? Admission of too many people .....and expect more one off costs to come and bit them on the arse.
They deserve to be trashed
A buy maybe one day but I doubt if we will ever ever see anything like 2 bucks again
$1.04 the open this morning, so far.
Problem with 5 - 6 is it doesn't reflect TTK's capital expenditure. The low cash flow really is a downer, I don't understand why they're in debt trouble yet still paying dividends.
The worst part about TTK is if they can't get farm side up an running they'll incur goodwill writedowns sooner than later and that going to blow the balance sheet out of whack.