I think we would all be pretty disappointed with an ebitda of 2.5. However the unknown is how much money they are investing in the incident response. We have been told it’s considerable in FY23. Obviously you want to see a business reinvesting in organic growth, but it does mean an initial hit to profit. No real way to quantify what it is, unless they tell us.
TNT Price at posting:
6.7¢ Sentiment: Buy Disclosure: Held
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