"... ... The teaser, designed to explain the business and generate buyer interest, said Penten forecast $35 million revenue for the 2021 financial financial year, which would be 80 per cent higher than FY20, and $4.5 million EBITDA ... ... ... ... While Penten’s on the smaller side, it is understood to have caught the eye of a bunch of Australian buyout firms and expectations are it could be worth as much as $200 million... ..."
TNT is expected to have $150m revenue, more than 4 times of Penten's, appeared significantly undervalued comparing with $200m valuation of Penten.
TNT Price at posting:
23.5¢ Sentiment: Buy Disclosure: Held
