TNR Technical designs, assembles and sells batteries to a variety of industrial markets. TNRK.PK is an authorized distributor for several major battery manufacturers.
Comments below are based on the March 31,2010 financial statements published on OTCMARKETS.COM
http://www.otcmarkets.com/stock/TNRK/financials
Historically a conservatively managed company with respect to debt and outstanding share count. The current share count is 307,588.
The market capitalization is a tiny 4,713,975 = 307,588 share count * current price of 15.33.
Enterprise value =1,749,436 or 5.68 per share. EV = market cap of 4,713,975 – Cash/Short term investments of $3,598,246 + total liabilities of $633,707 = 1,749,436 or 5.68 per share.
7,069,682 in revenue was reported for the 9 month period ending March 31, 2010 given us a projected annual run rate of 9,426,243 or 30.65 per share for an entire 12 month period.
Estimated EV/Sales ratio of ~.185
“In June 2008, a dividend of $6.75 per share was declared for shareholders of record on June 30,
2008, totaling $2,078,170, which was paid on July 15, 2008.” In the past management has not ignored shareholders.
No position in TNRK.PK but was a shareholder back in 07-08
