26/7/18 Profit Guidance

TPC gave unaudited FY18 guidance. Revenue of $80.2m and EBITDA of $1.8m, compared to FY17 of $68.9m and $1.1m respectively.

Year on year result is strong, with EBITDA up 63%, however the half on half was weaker than expected with management stating volatile energy industry continues to be difficult to manage.

That said, with an EV of roughly $8m the EBITDA result leaves TPC on 4.5x EV/EBITDA.

Extremely cheap provider of energy retailing services. Trading on roughly 7x historical EV/EBITDA wth revenue growing at over 20%. Blue sky potential from new iGENO division which is targeting embedded networks in strata developments in NSW and VIC.