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11/09/20
10:31
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Originally posted by Hamish001:
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This is actually a pretty good announcement - key takeaways. - TNT has $10M cash post-completion, which is up significantly from the 4E a few weeks ago - probably a combination of generating cash and options being exercised - Finalising DD on two additional acquisitions - Targeting $100M this CALENDAR year, “December at latest” suggests one or both of the above acquisitions will get them to $100M - They again highlight their intention to aggressively capture market share whilst delivering a profitable business, so despite being focused on market share they are obviously well aware of the fundamental business mantra; “nobody ever went broke making a profit” As I said, I actually took quite a bit away from this announcement. Thumbs up from me on this one.
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I would like to know what is the impact of this new forecast on the fair value of the TNT share ???