TNT has shown nothing but power over the last few sessions and looks likely to continue. Looking at the weekly chart over the last few years it's apparent that very little has transacted above with sets up for a pseudo blue sky run. The pivotal points for the company were the recent acquisition which brings revenue up to a run rate of $40 million (Geoff stated up to $100m possible) and the appointment of Geoff Lord (founder of Australia’s largest IT Services Company). Like UWL I would imagine that the strategy to unfold will be a rapid scaling of revenue via acquisitions initially and then later once scale is build they will shift to a more organic growth model. Like UWL I think TNT will offer several bags over a medium term as they deliver on the strategy.
When you have the founder of Australia’s largest IT Services Company at the helm of a spec stock there's a lot of room for both improvement in sentiment and underlying business. With the old baggies now apparently cleared out this could start to shift into blue sky territory rapidly. The first tests will be 12c and 14c to take out the highs from 2018, a good chance we see these hit in rapid fire.
