Ann: Tesserent enters into Scheme Implementation Deed with Thales, page-119

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t1obrien

1,359 Posts.

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14/06/23

13:57

Post #: 68281279
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Originally posted by maccadu: ↑

@t1obrien - Glad to hear you made coin off this one. I remember when I used to frequent this forum in the early days and you were penny pinching left, right and centre to get into TNT!

As per my earlier post I do feel for those that got in at a higher price!

Thales is a massive organisation and are already well entrenched with the Fed government here.

Apart from FIRB, the other issue may be with the DD. There was a clause around management staying put until post acquisition and given the number of companies involved in the roll-up hopefully there is nothing lurking there which would put Thales off.

As for other companies to invest in, my major issue with TNT and most other listed Cyber companies here in AUS is that there is no real product innovation and they are not priced on the PE multiples that US tech companies get, given they are mostly a services based business here.

If I was looking to invest in Cyber related stocks (DYOR), I'd be looking to the US, Israel and the UK. Note however it's a hugely crowded market, but growing significantly.

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it was a tough road, for sure. yes, $2 lunches etc to pump all of my wage into TNT. letters to the Board. i'm sure people at tesserent think i am a bit of an oddball. maybe i am. but i do care and sincerely believe Tesserent could have been managed and promoted better.

Thales have got a bargain.

assuming the 13c takeover goes through, will make over $220k profit across personal holding and super. could have made more if i'd picked the top at 40c or whatever it was, but also could have lost money also. got a bit lucky no doubt. feel sorry for holders who lost money as tesserent looked cheap even at 20c per share.

will miss the forum as some of the posters had very intelligent things to say and i enjoyed the interactions.

Last edited by t1obrien: 14/06/23

TNT Price at posting: 12.3¢ Sentiment: Buy Disclosure: Held
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