Looking forward to the 4C. All of our answers re the definition of "cash flow positive" will be answered. Was it just the Family Zone cash which resulted in a cash flow positive quarter? Or are we operationally cash flow positive? Tesserent seem to be fairly conservative in their announcements so I think the announcement was legit - Tesserent are kicking goals - not just a fluff announcement designed to pump up the SP.
Karen has been great at keeping shareholders more regularly updated since she took over sales. A little surprised that the sales team is still being restructured after the restructure started in March - but to be fair, that could just refer to the recent sales executives that were being hired. Karen seems to be a solid pair of hands and the sales team can presumably revolve around her and Keith. I wonder how important she was to the Telstra channel partnership deal with the homebush store being done - given she used to run a Telstra store in Sydney years ago. Keith is obviously impressed with Karen, given her promotion from marketing to head of sales earlier this year - and that seems to be no mean feat given the turnover in the sales team. I get the impression Keith doesn't suffer fools gladly and won't tolerate mediocrity in his business. As a shareholder I have no issue with that.
A little bit of buying happening in the last few days. Wonder if a few of the Tesserent managers are topping up knowing that Tesserent is starting to kick goals.
TNT Price at posting:
9.3¢ Sentiment: Buy Disclosure: Held