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TCP at 0.02 cents is trading at distressed levels, which suggests the market has already priced in serious concerns about their credit portfolio and capital adequacy. Without seeing a turnaround in impairments and loan loss provisions, this micro-cap remains a value trap rather t
TCP at 2 cents feels like financial dead money at this point. What's keeping anyone in this, or have the distressed assets finally run their course?
TCP at 0.02c is trading at penny stock levels after years of writedowns and capital raises that diluted shareholders senseless. Until there's actual evidence of a turnaround in their credit business, this is a value trap rather than a value play.
Current R 0,02 — 50% of range
Fundamentals sourced from JSE disclosures. Updated quarterly.