I appreciate the write up and agree with your points, but the one thing here and the reason why the SP isn't rocketing so to speak is that a majority of this growth has been bought inorganically. I have been holding for over a year now and am still bullish on a potential re-rate down the line, but I think that whilst we are in a predominant acquisition/purchasing growth phase that our shareholder returns will be lower.
Dilution has to be factored in here to get a realistic view on the value of growth being delivered to SH's. For example my avg buy in price is ~19.6c which corresponded to a MC of ~140m (not fully diluted) at the time last year. If there was no dilution I'd be looking at ~100% gain at current MC (again not fully diluted), but that isn't relevant as a majority of turnover/stat rev etc has been inorganically purchased.
Now I'm not downramping but am providing what I believe to be a slightly more balanced view, and yes I am aware of the already reported synergies etc, which is the reason I am still holding - as I believe synergies will continue to be developed (and higher margin investments that Tesserent are making in other co's).
I welcome any viewpoints/counter cases contrary or similar.
- Forums
- ASX - By Stock
- News: TNT Tesserent Posts FY Net Loss A$4.5 Million
I appreciate the write up and agree with your points, but the...
-
- There are more pages in this discussion • 145 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TNT (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online