Ann: Further extension of Share Purchase Plan, page-12

unfortunately mr O’Brien will only gain his wish if they produce revenue growth and cash not lots of talk again.....


Extremely impressed with financial results and commentary.

Gypsy - if you are not a believer in TNT, sell your shares. I have been like a pig in s*%$ acquiring stock under 7c. I am a true believer in TNT and have been so right from the start. Not sure what idiots are selling their stock at that price. On any metric, Tesserent is hideously undervalued.

I am convinced there will be some sort of catalyst which will trigger a sharp rise in the Tesserent share price. The micro cap funds that I emailed appeared interested in Tesserent although some said the business was too small for them to invest in. Once the microcap funds become interested, I can see a snowball type effect happening with some of the bigger investors becoming interested too. It wouldn't be hard to see Tesserent at 30c per share in the next 12 months (which is a fair valuation). Wouldn't take a lot of volume on the buy side to push the share price up rapidly.

In my limited dealings with Mr Langford TNT chairman, it is clear he thinks like an owner and a shareholder and understands some of the minority shareholder's frustrations. He is the first to acknowledge it is a team effort at TNT and doesn't want to be in the spotlight - although I think he should take some of the credit for this result. The changes he has made over the last 6 months are starting to bear fruit.

The 4C released today explained to shareholders, in plain terms (your 70 year old grandma who knows nothing about computers, the internet or cybersecurity could understand the content), where he wants to take the Tesserent business (which I note included acquisitions - organic growth not going to take Tesserent to the next level. Mr Glennan's instincts were right).

Mr Yardley, former TNT chairman, also deserves a mention for laying the foundations for success.