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17/09/20
10:07
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Originally posted by ishanroy:
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As soon as they hit the projected revenue run rate of either $75 mil or $100 mil (very optimistic) then we will see some uptrend for sure. That will provide some comfort to the holders too as that will create a cash pile, which is always a great thing to have during uncertain times. As an investor, I look at TNT and see the potential for organic growth however the cash in the bank will give me the confidence that the company has a back up for unforeseen circumstances and it will not try to do a capital raising.
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TNT have already announced that they had a revenue run-rate of $80M+ (on 26 Aug 2020) after the Airloom acquisition, seehttps://tnt.irmau.com/site/PDF/4105d9e7-a01f-46e9-840b-140043367685/AcquiresAirloom t n t . i r m a u . c o m /"Group gross revenue now $80M+ run rate post-completion* *TNT Group revenue on a month-to-month basis following completion on an annualised basis" and completion of the Airloom acquisition was announced to the market on 11 Sept. This should be done and dusted. So their next target is revenue of $100M. All IMO, DYOR