Why on earth would TNT want to acquire a loss making company at this stage ? Last year FY20, AR9 had revenues of only $0.8M, and posted an annual net loss of -$2.87M. How would that be a great combination ? Answer - it wouldn't. TNT would then be subsidising a loss making business to the tune of nearly ~$3M a year. Sounds like it would be a really bad deal for TNT. AR9 are one of the most overvalued stocks on ASX trading with an astronomically high MC of 100x annual revenue, a completely unsustainable situation IMO. A "global force" - where TNT brings in $80M annual revenue and AR9 contributes $0.8M and negative earnings to boot ? No thank you. End of rant.
All IMO, DYOR
TNT Price at posting:
26.5¢ Sentiment: Buy Disclosure: Held