TNT 0.00% 13.0¢ tesserent limited

Ann: Annualised Turnover Ambition for FY2021, page-55

  1. 6,688 Posts.
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    I think it's very interesting that TNT have announced this figure for
    the revenue run rate today in the absence of any update regarding
    further acquisitions. Note the ASX ann says the RRR will be
    approximately A$180m/y, but in the EGM this morning, Geoff Lord
    went further and suggested the RRR would be in excess of $180m/y.
    If this figure will be achieved without the added revenue of new acquisitions,
    TNT will have demonstrated some very impressive organic growth
    this quarter. But even if it includes a new acquisition (which I presume
    they have to announce to the market before the end of FY21), the
    increase in revenue is so dramatic that it would hard to imagine
    that organic growth was not a big contributing factor. JC actually
    mentioned that their organic growth was looking good in the recent
    interview (comment about the Canberra branch revenues quadrupling)
    Either way, they've smashed their revenue run rate target for FY21 !

    All IMHO, DYOR


 
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