Ann: Appendix 2A, page-8

My honest reaction to that prediction is to say that you're an idiot.
There's too much resistance for the SP to go much lower
than where it is now. People will start to load up in a big way
(including me) if the SP were to drop any further from here. The
fundamentals are too good - they have a revenue run-rate
in excess of $100m/y and are cash flow positive. On average,
cyber security companies have market caps 5.5x annual revenue.
TNT is already well oversold at 22.5c.

All IMHO, DYOR