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tugapm
Feb 11, 2020 2:31 PM

A great turn around story that is just now getting noticed! Long

TEIXEIRA DUARTE, SAEuronext

Description

TD is a small construction and engineering player in Portugal that has been burdened by high debt levels used to acquire real estate in the country. Over the years the company has been able to succesfully deleverage and is now reaching the point where it will be able to monetize a significant part of the investments made over the years as the real estate market is at all time highs. Highly suggest a closer look!
Technically, if able to cross the 17cts level I could easily see it reaching 25cts over the first halg of year driven by the release of 2019's results and lickely dividend distribution or sales guidance.
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