Ive been holding TNT for around 8 months now, my first parcel was around 6c. I had a fair value of 40c by the start of this year after understanding the companies plan. We didnt hold the price and due a mixture of a recent downturn in the tech sector and the auditing issues of the half yearly report it has taken a hit.
The fundamentals havent changed, they are on target for rev. run rate 150M by eofy. As time goes on the synergies will increase, staff lap overs will be found, the BDM's will understand their suite of products better and understand how to sell their product range effectively.
I belive it is undervalued and would purchase more if it wasnt over 50% if my portfolio already. I dont mind because i believe their is only upaide from here, when the market comes to understand what their plan is.
TNT Price at posting:
25.0¢ Sentiment: Buy Disclosure: Held
