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Not connected but I will open a long term position soon, its too cheap to ignore at this prices. Profitable, never made loss in 2 decades, no debt, trading below cash on hand which is gila. Last quater was solid, I think the market is sleeping on this counter and one day it will wake up. Downside is low trading volume, liquidity and the reputational damage from YNHP saga.
Terrible annual report, company survives by selling off it's best assets. No turnaround insight, new auditor issued qualified opinion, and as per the report the authoriti investigation still ongoing. Debt reduced but cost of debt servicing still tremendously high while the board still pays itself handsomely. 50/50 change of long term survival, fundamental analysis does not work here.
PEG 2.0, 5yr ROE 27%, 5yr ROIC 10.4%, FCF 11.7%. Solid numbers, but TIME needs to prove continued revenue growth over the next 1-2 quarters to rebound from the October selloff.
Dividend was suspended as the market manipulation scheme of YNHP and RAPID fell apart. The main players also had substantial stakes in IMASPRO and many were force liquidated leading to a massive drop in stock price. The suspension of dividends will be related to this beyond doubt. Positive is the fact that the company is not just wasting its retained earnings.
Bounced nicely off support line, KWP and EPF with some solid buys. PEG at 3.37 right now due to slower growth, needs a strong catalyst to go close to 8.50, I doubt EPF buys alone will get it there.
