Here is why
TNT - Tesserent Limited - MC 20.5 Mil
IPO @ 20c - was closed early almost 8 times oversubscribed - opened yesterday with a few stag sellers.
Plenty of buying interest today up 10% but IMO has plenty more potential.
Three-year-old cyber security-as-a-service business, which boasts major clients such as Toyota, Nintendo, BMW, and The Good Guys, will be the first company of its kind to trade on the ASX.
Company is now debt free and has 5 million in the bank, cyber security sector is fragmented meaning they now have cash for some acquisitions in the sector to build there Already PROFITABLE business.
Now they are debt free NPAT will improve as there are no interest bearing loans they are DEBT free
While not purely a cyber security company, software business Prophecy International's share price has boomed on the back of strong sales of its network monitoring and analysis tool SNARE, which lets users identify network attacks and intruders. It is up more than 460 per cent in a year, going from a 40¢ share price to $2.25.
