TNT 2.17% 22.5¢ tesserent limited

Ann: Half year results commentary, page-15

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  1. 90 Posts.
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    yep agreed already dropped more than 50% from IPO price in a year or less, what pathetic support from the brokers involved at IPO

    If you include the cash to be received in May, the net cash backing will be around 4.3c so you would hope that is some kind of floor

    Of course I never expected the company to increase revenue and profits by 300% and share price to go to $1 immediately but you would have thought there would be some kind of floor support on the share price to prevent the current situation from happening

    anyways strap yourself in for the ride to $0, although I'm guessing it might be a smooth ride
 
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