TNT 2.17% 22.5¢ tesserent limited

Ann: Investor update, page-2

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  1. 5,909 Posts.
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    This is one of the most informative updates I have seen to date and most importantly they have set themselves fairly decent targets and stated them in an announcement!
    "Revenue is growing, with the management team aiming for contracted revenue of $500,000 per month by 30 June 2017."
    For the last half yearly they reported 2.52 in revenue (which excludes there sales of software) which is a run rate of 420k/month. So an extra 80k is a 20% increase. While I would prefer slightly higher, it is likely they have set themselves a target knowing that they will most likely reach or exceed it.

    Given what has been said and with the investor roadshows taken place, I am now changing my sentiment to a buy.
 
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