tne's announcement yesterday indicated very good going for a tech company. the announcement indicated a before tax profit of $10 million and 46 medium to large new customers acquired within the financial year.
on top of this:
dept to equity of only 5%
cash in bank - approximately $25 million
have always expensed research and development
have done well in very tricky environment.
If you've followed similar companys recently you'll know the sector is definitely picking up. have a look at myob and reckon for similar companies.
outlook not so bad, page-5
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Last
$18.46 |
Change
0.200(1.10%) |
Mkt cap ! $6.015B | |||
| Open | High | Low | Value | Volume |
| $18.32 | $18.53 | $18.30 | $28.31M | 1.534M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 13425 | $18.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.47 | 34115 | 7 |
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| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| TNE (ASX) Chart |