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2.17%

22.5¢ tesserent limited

You're right. I can see this SP hitting 5c by year end if they...

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fazam786

259 Posts.

12

12/04/17

14:13

Post #: 24030924
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Originally posted by t1obrien ↑

Take a hit?

The stock is already 50% down on IPO price.

What we really need from Tesserent in next 4C is some guidance about when it will cash flow positive. Outflows for this quarter were predicted to be 3 million, as per the Appendix 4C Jan 2017.

Assuming some revenue growth - even 20%, cash burn could still be 1 million for this quarter, which is high for a business that was profitable before listing on the ASX.

The previous investor update was good. But Tesserent should be giving some concrete guidance on when they expect to be cash flow positive.

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You're right. I can see this SP hitting 5c by year end if they don't put in a solid plan on when they're going to be cash flow positive.

TNT Price at posting: 9.0¢ Sentiment: Hold Disclosure: Held
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