TNE - Technology One

[Trav.]

As mentioned earlier today TNE had a down day ( -6.4% ) due to some bad media and the possibility of some interesting accounting practices.

Chart below for reference but it doesn't look good for holders ( yep that's me )

 

[So_Cynical]

The 1 year chart seems to look like TNE has been caught up in the broader Tech bubble.

 

[galumay]

This article may help others understand the underlying issues facing businesses like TNE. https://www.afr.com/chanticleer/technologyone-s-fight-over-intangibles-20200713-p55bn8

Part of the problem with TNE is they have been trying to sell themselves as a high growth SaaS tech business for obvious reasons - but they are not really, which if you look through to the FCF becomes more clear.

 

[Trav.]

Nice recovery today from TNE

Also director stumping up a few bucks to show some support ( token )

 

[Smurf1976]

Part of the problem with TNE is they have been trying to sell themselves as a high growth SaaS tech business for obvious reasons - but they are not really

Past experience has taught me to be extremely cautious about any company that tries to sell itself as something other than what it actually is.

Regardless of the detail of what it is and what it claims to be, the simple fact of them not matching is a red flag.

 

[galumay]

Past experience has taught me to be extremely cautious about any company that tries to sell itself as something other than what it actually is.

Very good point! Trouble is that rules out nearly all the stonks on the ASX for a start, if you also exclude all the businesses that are crap and don't sell themselves as something else, there is not a lot left to pick over!!

 

[Clansman]

Past experience has taught me to be extremely cautious about any company that tries to sell itself as something other than what it actually is.

Regardless of the detail of what it is and what it claims to be, the simple fact of them not matching is a red flag.

It's very obvious that the overall market/shareholders believe the company and not the offshore based unregulated shorter. It would pay to take heed of that. A company doesn't get more than 20 years down the track with their success if their are red flags. There aren't any.... simple really.

 

[Clansman]

Past experience has taught me to be extremely cautious about any company that tries to sell itself as something other than what it actually is.

Regardless of the detail of what it is and what it claims to be, the simple fact of them not matching is a red flag.

But you spruik Paragon Care @ 17 cents? It's still 17 Cents....
Past experience doesn't seem to have taught you what you say it has....????

TNE $8.04 Monday. $8.80 today. Like I said.... simple really.

 

[Trav.]

and another director buying, very nice as I might even break even on this trade

 

[galumay]

There aren't any.... simple really.

Even as a continuing shareholder, its obvious there are red flags, TNE have been trying to mask a downturn in revenue and continue the story that they are a pure SaaS business, the financials show that up once you have a close look.

Its still a solid business, but its treading water these days.

 

[Smurf1976]

But you spruik Paragon Care @ 17 cents? It's still 17 Cents....
Past experience doesn't seem to have taught you what you say it has....????

I'm not spruiking Paragon.

Drawing attention to sudden volatility in the price of the company's shares and suggesting that anyone holding or otherwise interested in the stock might be wise to investigate what's going on is a very different thing to spruiking it.

As for red flags - there's been a few over the years.

One that comes to mind is a certain company that spent a lot of time drawing attention to their having driven a diesel powered car around the country successfully. Well yes they did, but that's hardly groundbreaking and long story short the company ended up being liquidated.

I'm not saying TNE is necessarily a dud, but I'm always cautious of anyone who claims to be something other than what they actually are.

 

[Clansman]

I'm not spruiking Paragon.

Drawing attention to sudden volatility in the price of the company's shares and suggesting that anyone holding or otherwise interested in the stock might be wise to investigate what's going on is a very different thing to spruiking it.

As for red flags - there's been a few over the years.

One that comes to mind is a certain company that spent a lot of time drawing attention to their having driven a diesel powered car around the country successfully. Well yes they did, but that's hardly groundbreaking and long story short the company ended up being liquidated.

I'm not saying TNE is necessarily a dud, but I'm always cautious of anyone who claims to be something other than what they actually are.

You would be better served being cautious of yourself then....
Sudden volatility...Lol.
I'll take TNE's daily volume of $15 million over your paltry $60000 PGC any day of the week.
If you're looking for a red flag, look no further than the company you spruiked.

 

[Smurf1976]

If you're looking for a red flag, look no further than the company you spruiked.

Nobody's spruiking anything.

Investing or trading profitably requires an objective approach regardless of whether that's via a strictly mechanical system, discretionary technical trading, fundamental analysis or whatever.

Drawing attention to a company the share price of which jumped over 85% then dropped half way back down again over the course of two trading days is not spruiking. It's just drawing attention to it for those who may have an interest in the stock and wish to investigate further.

 

[galumay]

Clansman, maybe have a bit of self reflection and read back through your last few posts in this thread. They scream of an emotional attachment to an inanimate object (business), backed up with an emotional defence of your attachment with attacks on fellow investors who are discussing quite reasonable concerns about some parts of the business.

When you get so desperate as to be comparing volumes and daily price movements to justify your emotional attachment, it should be a very loud warning bell that all is not well!

You will become victim to your heuristics/biases if you allow emotions to dominate your responses to non-confirming evidence in this way, as Smurf1976 points out, we all need an objective approach to succeed as investors or traders.

(BTW, i realise we are living through difficult times, so apologies if there is something else that has caused you to emote & personalise the discussion in this way.)

 

[Clansman]

Nobody's spruiking anything.

Investing or trading profitably requires an objective approach regardless of whether that's via a strictly mechanical system, discretionary technical trading, fundamental analysis or whatever.

Drawing attention to a company the share price of which jumped over 85% then dropped half way back down again over the course of two trading days is not spruiking. It's just drawing attention to it for those who may have an interest in the stock and wish to investigate further.

How about explaining to all and sundry where you get an 85% share price jump then a drop of half that amount. The SP finished last week at $8.90. Dropping to $8.04 Intraday on Monday before being bought back up in the afternoon. Touched $8.80 the following day. Where is this fictitious 85% share price jump and then a drop of half that ( 42.5 % ) as you claim??? It never existed...
What I am drawing attention to is that you simply aren't telling the truth, not before, not now and probably not ever...

 

[galumay]

What I am drawing attention to is that you simply aren't telling the truth, not before, not now and probably not ever...

Again, your emotions are getting in the way of rational thought, its obvious that Smurf1976 was referring to Paragon when he talked about drawing attention to those price movements - the issue you attacked him for initially.

Maybe, just maybe, some of that self reflection I suggested, and then how about an apology? This is not the place for personal attacks and it only reflects on your character.

 

[Clansman]

Again, your emotions are getting in the way of rational thought, its obvious that Smurf1976 was referring to Paragon when he talked about drawing attention to those price movements - the issue you attacked him for initially.

Maybe, just maybe, some of that self reflection I suggested, and then how about an apology? This is not the place for personal attacks and it only reflects on your character.

I'll gladly accept an apology from both you and The Smurf. At $8.80, I would suggest at least one is certainly due. How about it???

 

[galumay]

Go back and read the thread mate, you have completely lost the plot, you have jumped to incorrect assumptions because you failed to comprehend posts, you have personally attacked forum members and you absolutely refuse to practice any self reflection about your emotions overriding any rational discussion of the business.

Time for a hard block from me, I have tried to politely help you to no avail, I have more productive uses for my time.

 

[Clansman]

Go back and read the thread mate, you have completely lost the plot, you have jumped to incorrect assumptions because you failed to comprehend posts, you have personally attacked forum members and you absolutely refuse to practice any self reflection about your emotions overriding any rational discussion of the business.

Time for a hard block from me, I have tried to politely help you to no avail, I have more productive uses for my time.

Listen Doctor Phil. The only person who has lost the plot is you. The numbers don't lie even if you do.
You do your little hard block charade getting it wrong productively in your little parallel universe. Nice and rational all day long.

 

[Trav.]

I was a bit scared to post in this thread after the exchange above but will risk it now.

I have been stuck in this trade for longer than I planned due to my issue of not selling when I should but hopefully TNE has turned a corner and I can now exit with a dollar or two in my pocket as the announcement on the 13/7 has hopefully been accepted (or factored in)

So as can be seen below TNE has had some good days lately which is a nice recovery and hopefully will continue to the $8.70 level (I did say hopefully !!!)