TNT
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0.00% 13.0¢ tesserent limited

If I am not wrong TNT has $70m Goodwill as an asset sitting in...

  1. NaveedAli83
    663 Posts.
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    19/05/23
    10:59
    Post #: 67860139
    If I am not wrong TNT has $70m Goodwill as an asset sitting in its Balance Sheet, well if that is the case the recent steady decline in share price is justified partially because Management will ammortise half of the goodwill in this financial year this will impact the books and fundamentally it will look unhealthy. However, current price decline is unjustifiable, It happened from mid may to mid June 2020 and then boomed, it could happen again but not that big as credit is not available cheap for punters.
    Last edited by NaveedAli83: 19/05/23
    TNT Price at posting: 4.8¢ Sentiment: Buy Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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