Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-51

Good point - I too believe this Q report de-risks the company,
TNT is clearly growing, revenues and cash flow are both substantially
up Q on Q, and the impressive growth has been generated organically.
Finally, they've delivered on forecasts made - the end of FY RRR is
$249m compared with the $150m they set a year ago. This is the second
year in a row they have met/exceeded forecasts (last year $40m RRR
and cash flow positive at year end).

All IMHO, DYOR