This is a really excellent result from TNT, well done to management at the team.
With the $100M+ annualised revenue run-rate just announced today, and an SP of 23c,
TNT is trading with an Market cap/revenue multiple of just 1.7x (looking forward).
That just seems unbelieveably cheap when you look at the multiples that most
other ASX cyber security companies have (and also in the USA, it is ~7.8x ave).
It's cheap compared with many tech stocks in general. The MC/rev ratio is now the same
as it was when TNT announced that a $40M run-rate had been achieved with
the SP sitting at 9c !!! I agree with the previous post - anyone selling at 23c must have
rocks in their heads !!!
All IMHO, DYOR
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