Q: TVK appears to have but one analyst - and it is 5i Research. The current share price is $44.51 but your data base shows a Target Price of $6.25 - and that figure has not changed since forever it seems !
I know you are not a fan of Target Prices , but perhaps you might care to speculate upon a likely price in say a year's time ?
I know you are not a fan of Target Prices , but perhaps you might care to speculate upon a likely price in say a year's time ?
5i Research Answer:
It looks like that old target price is being pulled from our database provider from an old report from Clarus Securities. TVK is about 20X earnings, with some debt. It is cyclical, but we do expect growth over the next year. We would not expect the same type of return as in the last year (+67%) but we think $50 to $52 would be a reasonable target in a normal market.