Actually not too interested in what the price is doing - over many long years of investing I have learnt that there can be a huge gulf between share price and company worth.
What it says to me is many shareholders have lost faith, they are selling for whatever they can get and moving on. A drop then triggers stop losses and more sells and more stop losses.
The critical piece of info for shareholders is now what the half year looks like - I am really hoping for the negative npat to be closer to positive.
I had prepared some figures and waiting to plug in 31/12/2022 but here is what I have extracted
date Rev. NPAT - brackets mean it’s negative
31/12/16. 2,507,356. (1,482,185) 31/12/17. 2,626,782. (1,294,182) 31/12/18. 2,801,132. (1,889,048) 31/12/19. 5,310,730. (3,765,371) 31/12/20. 28,869,560. (5,972,577) 31/12/21. 43,875,000. (3,267,000). Rev up 52% loss down 45%
the H1 of last financial year was really what you want to see - revenue up (to be expected with acquisitions), but loss coming down significantly. You really want to see this tend continue in the current half.
TNT Price at posting:
8.4¢ Sentiment: Buy Disclosure: Held
