How to buy Techniche shares | A$0.053

Techniche Ltd is a software—application business based in Australia. Techniche shares (TCN) are listed on the Australian Securities Exchange (ASX) and all prices are listed in Australian Dollars. Its last market close was $0.053 – a decrease of 1.85% over the previous week. Techniche has a trailing 12-month revenue of around $10.6 million.

How to buy shares in Techniche

1. Compare share trading platforms. To buy shares listed in Australia, you'll need to sign up to a broker with access to the Australian Securities Exchange (ASX). Our table below can help you choose.
2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, PayPal or debit card.
3. Search for Techniche . Find the share by name or ticker symbol: TCN. Research its history to confirm it's a solid investment against your financial goals.
4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Techniche reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
5. Decide on how many to buy. At today's price of $0.053, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs.
6. Check in on your investment. Congratulations, you own a part of Techniche . Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

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For our Top Picks, we compared our Finder partners using a proprietary algorithm in August 2020. Keep in mind that our top picks may not always be the best for you, and you're encouraged to compare for yourself to find one that works for you. Read our full methodology here to find out more.

How has coronavirus impacted Techniche 's share price?

Since the stock market crash in March caused by coronavirus, Techniche 's share price has had significant positive movement.

Its last market close was $0.053, which is 33.96% up on its pre-crash value of $0.035 and 76.67% up on the lowest point reached during the March crash when the shares fell as low as $0.03.

If you had bought $1,000 worth of Techniche shares at the start of February 2020, those shares would have been worth $921.05 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $1,394.74.

Techniche share price

Use our graph to track the performance of TCN stocks over time.

Techniche shares at a glance

• Key figures

Information last updated 2020-10-14.

Latest market close	AUDA$0.053
52-week range	AUDA$0.024 - AUDA$0.064
50-day moving average	AUDA$0.0447
200-day moving average	AUDA$0.0365
Target price	AUDA$0.09
PE ratio	22.5926
Dividend yield	N/A (0%)
Earnings per share (TTM)	AUDA$0.003

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Important: Share trading carries risk of capital loss.

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The value of your investments can fall as well as rise and you may get back less than you invested. Past performance is no indication of future results.

Is it a good time to buy Techniche stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

Technical Analysis of Techniche Ltd by TradingView

Techniche price performance over time

Historical closes compared with the close of A$0.053 on 2020-10-21

1 week (2020-10-14)	-5.36%
1 month (2020-09-22)	32.50%
3 months (2020-07-21)	55.88%
6 months (2020-04-21)	70.97%

1 year (2019-10-21)	103.85%
2 years (2018-10-19)	43.24%
3 years (2017-10-20)	32.50%
5 years (2015-10-21)	-40.45%

Is Techniche under- or over-valued?

Valuing Techniche stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Techniche 's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.

Techniche 's P/E ratio

Techniche 's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 23x. In other words, Techniche shares trade at around 23x recent earnings.

That's relatively low compared to, say, the P/E ratio for the ASX over the 12 months to December 2019 (32.14). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.

Techniche 's EBITDA

Techniche 's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $636,758.

The EBITDA is a measure of a Techniche 's overall financial performance and is widely used to measure a its profitability.

Techniche financials

Revenue TTM	$10.6 million
Operating margin TTM	5.24%
Gross profit TTM	$8 million
Return on assets TTM	1.91%
Return on equity TTM	5%
Profit margin	5.37%
Book value	0.055
Market capitalisation	$11.8 million

TTM: trailing 12 months

Techniche share dividends

We're not expecting Techniche to pay a dividend over the next 12 months.

Have Techniche 's shares ever split?

Techniche 's shares were split on a 110:100 basis on 2 March 2008. So if you had owned 100 shares the day before before the split, the next day you'd have owned 110 shares. This wouldn't directly have changed the overall worth of your Techniche shares – just the quantity. However, indirectly, the new 9.1% lower share price could have impacted the market appetite for Techniche shares which in turn could have impacted Techniche 's share price.

Techniche share price volatility

Over the last 12 months, Techniche 's shares have ranged in value from as little as $0.024 up to $0.064. A popular way to gauge a stock's volatility is its "beta".

Beta is a measure of a share's volatility in relation to the market. The market (AU average) beta is 1, while Techniche 's is 0.3479. This would suggest that Techniche 's shares are less volatile than average (for this exchange).

Techniche overview

Techniche Ltd. is a private equity firm specializing in startup investments and acquisitions. It seeks to acquire, manage and build niche business-to-business technology software & services companies. It also seeks to invest inorganic expansion opportunities for its businesses. The firm seeks to invest in Australia. Techniche Ltd is based in Brisbane Australia with additional offices in Hamburg, Germany, Milton Keynes, United Kingdom, Chicago, United States, Melbourne Australia.

Frequently asked questions

• What percentage of Techniche is owned by insiders?

  Currently 70.681% of Techniche shares are held by insiders.

• When does the fiscal year end for Techniche ?

  Techniche 's fiscal year ends in June.

• Where is Techniche based?

  Techniche 's address is: 143 Coronation Drive, Milton, QLD, Australia, 4064

• What is Techniche 's ISIN number?

  Techniche 's international securities identification number is: AU000000TCN2