OTCPK:TNGZF - Post by User
Post by
kingposton Nov 05, 2014 6:50pm
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Post# 23099781
QUARTERLY FINANCIALS ARE IMPRESSIVE
QUARTERLY FINANCIALS ARE IMPRESSIVE-exceleration of originations... since end of sept, the date of financials ending, the company has alreay originated 4 million more, not included in the 20 million originated to end of sept ... or an annualized run rate of 60 mill of originations.. The excelleration of originations, I take as positive, since it shows both the market size, and managements increased comfort with their risk controls for overseeing and managing those originations...
--the growth is "gaudy" and if you project this growth out, I get about 100 million in originations in the next year, and adding the 25 million we have now would give us 125 million in a year and about 40 million in gross royalty income (and net income probably about half of that or 20 million) ...but with that growth rate we should/could garner a trailing p/e ratio of about 25... If this unfolds like this, (which is probably on the optomistic end of the scale) and if we can finance the 100 million with out too much equity and convertibles ... you can do the math on this and the share price potentially, and based on this, could be ta candidate he top performer on the market...