Just bought back into TNT. Hadn't really looked at this in a couple years, sold out at 9c back then and missed the ride to 40c. Pleasantly surprised it's back down to 12.5c, allowing me to get back in. Valuation looks reasonable: ~150m market cap, ~15m operating cashflow in past year, 16m ebitda. I'm expecting more growth to come from organic growth, cross selling and realisation of synergies and efficiencies from recent acquisitions. Seems like decent value.
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