You know you're clutching at straws and imagining things when you start explaining a low share price by imagining that the company is deliberately trying to keep the price low.
This quarterly was clearly made with a goal to impress investors, and released at a time to maximise exposure.
The company doesn't need to suppress the share price, the market has been doing a wonderful job of that for them throughout this year.
All this nonsense about the need to keep the share price low and the directors doing it strategically and that's why we have a low share price, and now even the supposition that they could turn the dial and increase the share price if they want to but they don't want to... good grief, when to you just accept that the market doesn't like the company?
Don't get me wrong, the fundamentals are great, I thought the quarterly was great, it was a good idea that they bluntly stated the organic growth rate so you couldn't miss it, but predictably, the market didn't care, and the revenue dropping hugely from the previous quarter was never going to be a good look, especially when it's far below last year's guidance.
As much as I like the fundamentals, I just can't see the market liking TNT for some time, probably at least some time next year, maybe even later. Glad I sold most of my holding when I did. Having said that, 21c will probably hold and long term TNT should do well. Short term looks like being dull, the market hates it when TNT does acquisitions and other than those, what developments are on the horizon? With the last quarter having fallen below last year's guidance, how will the market interpret this year's guidance, even ignoring how late it is?
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