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TNT

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13.0¢ tesserent limited

a medium and long term price target? What are you on about. a...

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brentman

120 Posts.

38

04/09/20

11:43

Post #: 47087235
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Originally posted by Sdaji: ↑

Let's not kid ourselves, the market is fickle and could do anything in the short term. It very often brings surprises and acts irrationally. We can't be sure that won't happen. We've literally just seen a drop from 30c to 23c in less than two days.

I have not changed my medium or long term price targets, I still think we'll see over 50c in 2021 and possible significantly higher, and higher again in 2022 - this is an obvious growth sector, we're leading the way and are in the best position to continue to grow in absolute terms and as a percentage of the Australian sector. Short term, it looks like we might have not been included in the index, which will cause some short term price weakness. If you're a trader that sucks, but if you're a long term holder it is either meaningless or good because it provides an opportunity to top up at great price.

We seemed to qualify for the index very comfortably, the only thing I can think of it that they decided to wait because we hadn't been qualifying for long enough and it's so recently that our market cap was so small. They're probably just waiting to ensure we're more than a flash in the pan. Clearly we'll still be around in three months and make the next rebalance (unless there's something huge I'm missing, which I doubt but please someone point it out if I am) and that will really give us a boost after this quarter bringing uncertainty. Short term is uncertain but short term I personally don't care.

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a medium and long term price target? What are you on about. a prices target is simply what someone believes to be the fair value of a company. An individual has no control or say in whether the market will value an asset in line with what they perceive the value to be. They are therefore unable to predict what the price will be but rather state what they think the price should be. Something you clearly do not understand as you use the insane terminology of medium and long term price target. what you believe to be the fair value of the company is the same regardless of the timeline. If certain milestones are hit then obviously the price target changes.

TNT Price at posting: 25.5¢ Sentiment: Hold Disclosure: Held
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