Considering the outstanding results of last quarter, I'm very surprised we didn't get a rerate, it's weird that we have a share price where it is now. But, hey, if you're a long term investor, you evaluate the fundamentals yourself and if you see more value than the market you buy or hold. If you see the fundamentals being bad because of the market action rather than the fundamentals, you're not really following the fundamentals.
If the market rerates TNT with no change in the fundamentals, it'll be funny to see all the folks who call themselves fundamental investors suddenly talking about how good the fundamentals are.
Singhg51: We definitely won't be getting the quarterly next week. It will be in the week starting October 25, so at least three weeks away yet, probably Wednesday 27th or Thursday 28th. It'll be interesting to see how the market reacts to this one; the previous one should have blown the price out of the water but somehow the market seems to assume that the entire quarter was a flash in the pan. The coming quarterly will be of a quiet quarter, so the market may be disappointed by lower revenue figures than last quarter, or it may be excited to see that the figures are still excellent despite it being the first quarter of the FY rather than the last. Hopefully we'll be above a $150M RRR excluding acquisitions (Loop Secure) for the last quarter, which will show that even in a quiet quarter we exceeded the target, thus showing beyond any doubt we've absolutely smashed it in real terms.
TNT Price at posting:
21.5¢ Sentiment: Buy Disclosure: Held