TNT 0.00% 13.0¢ tesserent limited

Ann: Full Year Statutory Accounts, page-13

  1. 78 Posts.
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    Highlights for me include:

    - $100M + revenue. It doesn't mean much without cash flow. But it's a nice attention-grabbing number.
    - Cashflow positive for the first time in the company's history in June.
    - $11M in new MSS deals for FY19, which I presume were all Rivium and none in TNT.
    - Will continue to acquire businesses that compliment TNT. I hope that will include a DFIR capability, especially one based in ACT.
    - An office in Singapore could prove quite strategic for eventual sell-off.
    - Complete financial integration onto Oracle NetSuite. Great for accurate reporting and customer perceptions (i.e. less complexity). And as the report states, ability to integrate new businesses quickly and easily and lower transaction costs.
    - The exploration of international partnerships with USA, UK, Canada and NZ (i.e Five Eyes Allies).
    - Ambitions to get revenue to $150M by June 2021.
    - Non-Exec Directors agreed to take no cash salaries, instead they put their testicles on the line and took on shares, which at the time were performing dismally.
 
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