Ironwang - You're absolutely spot on. Tesserent have grown rapidly, in the last 2 years, and have now reached a critical size to become a major player in the cyber security space in Australia/NZ (acknowledging CyberCx too). I think they have timed it perfectly, but of course they couldn't have forseen Covid and the growth in hacking incidents that seem to have occurred. TNT's size is easy to gauge from one of their recent anns. This always impresses me when I look at it, and it's likely to have grown further in the 3 months since:
From theASX ann "investor update" on the 13th April. slide 10 : Tesserent works with 43 of the S&P/ASX 100 DEEPENING FOOTPRINT IN 3 KEY MARKET SEGMENTS Government Departments & Agencies Tesserent works with: - 47 Federal and State Departmentsand Agencies - 25 Local Councils Critical Infrastructure & Smart Infrastructure/IoT Tesserent works with: - 21 of the top Energy Firms in ANZ Industry & Financial Services Tesserent works with: - 8 of the 12 Largest Banks in ANZ - 16 Top Financial Services firms - 14 Foreign Banks
All IMHO, DYOR
TNT Price at posting:
32.0¢ Sentiment: Buy Disclosure: Held