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28/09/17
12:24
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Originally posted by tigers2008
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Come on bocas be reasonable, TSN for the first time is generating its own income, we have recently aquired a cash flow positive business with a first class customer base. Our share in TSI isn't going anywhere and worst case scenario we get paid a lump of cash to go away. Believe me i fully understand the frustration at the sp, unfortunately at the spec end of town this is the world we live in. The last business update stated we were looking for another aquisition to compliment the first. Management has repeatedly stated that aquisitions need to be value accretive so very soon we should be the holders of two cash flow positive businesses which at least lessens any need for anymore dilution near term, at least until TSI becomes a viable target again.
All the best
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Not only acquisitions Tigers, but the announcement dated the 11/09/17 highlighted that TSN are ALSO seeking new technology partnerships, specifically in threat detection as well as assessing opportunities for geographic expansion.
Reference:
https://hotcopper.com.au/threads/ann-tsn-business-update.3675585/?post_id=27120492#.WcxcEbpOLIU
All the best.
Tony