TNT certainly cheap with a valuation of 6 million. However, doubt TNT on the sale block at this stage.
Langford ambitious based on the few conversations I have had with him. Wants to take Tesserent to the next level. Not interested in a 6 million dollar business. Too small.
In saying that, if you are a student of Glennan's business history, he has always been prepared to sell businesses when the price is right. He is not adverse to selling.
Hopefully a partnership with Telstra or Optus to aid in distribution.
TNT Price at posting:
6.8¢ Sentiment: Buy Disclosure: Held