TNT is still doing fine - it’s just not quite flavour of the month with people hyping it. Jury is still out on whether it can successfully integrate all its acquisitions and have positive NPAT (as opposed to EBITDA). It’s doing very well in Canberra so it’s certainly getting a chunk of the security spending. I am a lot happier with my TNT holding than I am with Senetas.
TNT Entry 5c price 19.5
SEN entry 10.5 price 4.3.
I like both companies as they tackle different parts of the security market and also Senetas has the international exposure.
Ann: Annual General Meeting, page-90
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