So the share purchase offer expires on Monday, with the market price well under par. It will be interesting so see how much was raised. In the worst case, I estimate that TNT has about 3 months of cash to burn. I expect we'll see an updated cash flow within a couple of weeks as well.
I'd also like to see TNT provide more insight into their strategy. I understand the Cyberbiz for SME positioning. It is a solid value proposition, but quite frankly it is not setting the market on fire yet. Is the answer more marketing? Subsidizing free trials? Adding some fizz to Cyberbiz (cryptocurrency security might be interesting)?
TNT Price at posting:
6.2¢ Sentiment: Hold Disclosure: Held