Told you not to place too much emphasis on the technicals. Tesserent tends to ignore the technicals. You really have to look at the underlying business.
Tesserent a cracking business with loads more growth to come. First class management team. I could easily see it with a market cap of 1 billion in 12 months time (ie above $1 per share) if revenue projections come through, and possibly a few more great acquisitions. Ultimately I think the Tesserent Board will receive an offer too good to refuse, and Tesserent itself will be acquired.
I have to mention Tesserent have been very very diligent and disciplined in their acquisition strategy - quality businesses at a reasonable price - hard to think of Tesserent doing a bad acquisition since Mr Langford took over as chairman. Let's not mention Blue Reef or Asta.
The acquisition / 360 strategy implemented by Mr Langford and JC a few years ago, and which has been continued by the current Board, has been utterly vindicated.
TNT Price at posting:
43.0¢ Sentiment: Buy Disclosure: Held
