Market's view on Tt Electronics
Published on April 2024
- Stock watchers observed significant trading volumes suggesting potential institutional interest which might be disclosed in future regulatory filings.
- Positive sentiments were shared about the company’s operational performance improvements and focus on development from existing assets rather than relying on acquisitions, indicating strong management strategies.
- The divestment of part of the company previously acquired under old management was seen as a positive step, though it exposed how much was overpaid in the past, stressing the need for better valuation models.
- Discussion revolved around a divestment announced on a cash free/debt free basis, which is expected to improve both the bottom line and the balance sheet despite a large write-off, reflecting previous overvaluation of assets.
- Concerns were raised about the significant write-offs from an acquisition, prompting questions about the valuation of remaining group assets.
- Mixed predictions on market reactions to recent divestment due to the immediate financial loss from write-downs but potential long-term benefits.
- Expectations set for company announcements, especially in the context of overcoming operational backlogs that impacted past performance.
- Observations shared that the stock price seems undervalued given its PE ratio, and discussions about resistance levels and market movements providing trading opportunities.
- A change in CEO was viewed as a positive upgrade, potentially leading to increased investor confidence.
- General agreement on the stock looking cheap, with potential for growth, especially noted during times of positive half-year results and strong future trading updates.
- Comments on technical aspects of the stock’s performance, including analysis of moving averages and share price resistance levels, suggesting detailed watcher engagement with market trends.
- Encouragement towards long-term holding based on recent positive results and increased dividends, reflecting confidence in the company’s steady growth.