TNT Chart, page-4336

The other factor that may be unsettling TNT holders or prospective buyers is the fact that management have still not announced any guidance for FY22, despite the fact that we are now in November. But the broker report (Shaw&Partners) from 8 Oct gave a FY22 forecast of $119.6m (Sales) and NPAT ($9.7m). If the sales number is taken at face value, the Q1 result (turnover $26.9m) is already ~10% below Shaw's forecast (but Q1 is seasonally low, so maybe OK). It's actually hard to see how TNT can give guidance on present trajectories without picking a realistic number that will disappoint the market. The end of FY21 target of $150m RRR implies a quarterly revenue rate of $37.5m in FY22, but they are nowhere near that right now. Nevertheless, they need to release some sort of guidance, and soon. Little point in announcing with half the year almost gone.

All IMHO, DYOR