Conversation 160:
When will Titomic reflect the company it keeps. Patience is the CEO’s answer.
Since it listed in 2017 Titomic’s [ASX:TTT] share price has been on a roller coaster ride, although in the last 12 months that ride has been heading only one direction, and that is down.
From the heady days of $3 a share it is trading down around fifty cents with a two hudnred day moving average showing a less than flattering trend.
However, the company has made some interesting announcements recently including signing Andreas Schwer as Chairman.
Schwer can apparently speed-dial some serious heavy hitters in the defence and aerospace sector and CEO of Titomic, Jeff Lang, is placing great stock in the new Chair’s ability to open some big doors for the additive printing company with global ambitions.
Attracting people of this calibre says a lot about Titomic, and yet its revenue lags well behind its “on-paper” credentials.
But as Jeff Lang pointed out in this frank interview about past deals and future possibilities, Titomic should be seeing upwards of $30 million in revenue by this time next year when it completes the installation of its first additive printing machine sale and several other deals.
Conversation between Jeff Lang CEO Titomic and Phil Carey
TECHNOLOGY AND COMMERCIAL READINESS.
Based on the Technology Readiness Level TRL developed by NASA and the CRI that grew out of it it would appear that Titomic is somewhere around the 3 to 4 ranking in the Commercial Readiness Index.
SOME OF THE RECENT MARKET ANNOUNCEMENTS BY TITOMIC
SHARE PRICE TREND
A SAMPLE OF RATINGS FOR TITOMIC
[CURRENT ON TUESDAY JULY 14TH 2020]
Morningstar Quantitative [algorithmic] Rating *
Valuation Rating: Fairly Valued
Fair Value Estimate:
0.711
Fair Value Percentage Diff: -4.01%
Liquidity: Medium
Research Report from E&P
* The Morningstar rating uses a machine-learning model to rate 22 times more funds than are rated by Morningstar analysts in EMEA and Asia.
The Quantitative Rating is an extension of the recently enhanced Morningstar Analyst RatingTM for funds (Analyst Rating), which provides an analyst's forward-looking assessment of a fund's ability to outperform its peer group or a relevant benchmark on a risk-adjusted basis over a full market cycle. Morningstar EMEA and Asia manager research analysts assign Analyst Ratings to approximately 1,260 open-end and exchange-traded funds and together with the Quantitative Rating, cover approximately 29,200 funds, representing nearly 105,000 share classes in EMEA and Asia.
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