Ann: Acquires iQ3, page-87

TNT is far from mature - their acquisitions are proof that they require further services to be able to deliver on their cyber 360 goal. There is no way that the board are simply going to sit on their laurels and operate at current capacity for the foreseeable future. This is most definitely a company involved in aggressive growth.

I do however agree that some of the calls for instant share price re-rates are unfounded.

Furthermore, to say TNT is not a SaaS provider may be fair as of now, but they have indicated an intention to progress down that route in the long term.