I think TPI will be volatile for the next few weeks.
Good trading opportunity.
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I think TPI will be volatile for the next few weeks.
Good trading opportunity.
traded this for a quick profit today.
bought a bit too late and sold a bit too early but made money.
TPI looks like a under valued stock.
It should recover with the recover of the resource sector, esp once the mines starts to crank up their operations again. Debt is still abit high, but banks prepare to back them. Dont need to review debt till 2011.
Leveraged for the recovery of the Aussie economy.
disclosure: recently purchase TPI
Refinance in 2012, i think. No interest. Banks screwed this one...
I think they rather screwed themselves.
Net debt to equity after a successful completion of the entitlement offer will still be around 72%, compared to the rather horrendous 150% before the extended market suspension. Still too indebted for my taste so I won't be tempted although it has the makings of a good business.
I saw a great research report that a view that the Aussie economy will have a V shape recover, which I agree. TPI will benefit greatly from its leveraged position in this V shape recovery. This is a under valued story in a booming market. It is harder to find under valued stocks when the market has gone up 50%.
The bad news have all been priced into the shares at these levels.
Private equity firm Warburg Pincus will end up owning more than 40% of TPI onces capital raising is complete. They are under writing the capital raising. Warburg is probably thinking it is like stealing a candy bar off a bunch of little kids.
Watch TPI once mining and construction in Aussie starts cranking up.
Anyone following TPI?
volumes of waste will never get smaller
Looking at the graph of performance, have to wonder when it is a buy.
Craigs rate it lowly because still bit indebted
'The least attractive are Wotif.com
(WTF.ASX) and Transpacific Industries Group (TPI.ASX).'