| Code | Company | Price | %Yr | MktCap |
|---|---|---|---|---|
| TNT | Tesserent Limited | 33.5 | 628 | $324.2M |
| WHK | Whitehawk Limited | 30 | 249 | $63.4M |
| FZO | Family Zone Cyber | 43 | 161 | $169.6M |
| FFT | Future First Tech | 4.2 | 148 | $23.2M |
| AR9 | Archtis Limited | 31 | 138 | $62.7M |
| 5GN | 5G Networks Limited | 131.5 | 85 | $150.2M |
| PRO | Prophecy Internation | 67 | 34 | $43.5M |
| ELS | Elsight Ltd | 41 | 10 | $57.3M |
| VOR | Vortiv Ltd | 17 | 6 | $23.9M |
| HWH | Houston We Have Ltd | 4.4 | 5 | $11.5M |
| SOV | Sovereign Cloud Hldg | 97 | 0 | $51.4M |
| PSC | Prospect Res Ltd | 13 | -10 | $43.2M |
| SEN | Senetas Corporation | 6 | -12 | $67.1M |
| CPT | Cipherpoint Limited | 4.6 | -28 | $7.3M |
| SPA | Spacetalk Ltd | 10.5 | -64 | $18.1M |
wow TNT big line wipe @ 0.36c! now trading @ 0.365c +7.35% alreadyToday we see yet another fresh all time high for TNT! That's four days in a row! Very happy holder here!
Tesserent Limited (ASX:TNT) refers to the non-audit reviewed Appendix 4D and Half Year Report lodged today and advises that it will utilise the extension of time granted by ASIC for lodgment of Half Year Reports for balance dates ending on or before 7 January 2021.
the underlying core philosophy is to acquire quality cybersecurity assets that are complementary to the Cyber 360 strategy and incrementally Earnings Per Share (EPS) accretive. TNT sees this as an important element in continuing to deliver future value to our shareholders.
With this in mind, the Company completed the strategic acquisitions of Lateral Security (February 2021) and Secure Logic (April 2021)
.TNT looks forward to updating the market on additional future acquisitions, a number of which are at an advanced stage.
FUTURE FOCUS
As per our recent Investor Update (13 April 2021), the Company’s stated goals for FY21 are:
●Continue to drive the Company’s acquisition strategy to expand on Cyber 360 capabilities and market share, increasing shareholder value through incremental EPS growth
●Foster innovation and expand proprietary intellectual property to drive high-margin product and service offerings
●Help drive an industry-wide capability uplift and reduce the skill shortage gap through the Tesserent Academy
●Focus on capturing further market share in three key markets: Government (including Defence), Critical Infrastructure and Industry and Financial Services
●Drive growth through deeper customer engagements and increasing our average services per customer
●Integrate acquisitions to maximise synergy efficiencies and drive organic revenue growth through cross-selling
●Build out high-value recurring annuity revenue streams
●Explore International expansion opportunities with a focus on Australia’s key Five Eyes allies, which consists of the USA, UK, NZ and Canada
●Build leadership position in the Converged Security market and Cyber Education
Tesserent Limited (ASX:TNT, the Company) is pleased to advise that that the Company will comfortably exceed its prior ambition of annualized turnover run rate of $150m (based on turnover for the month of June 2021 annualised). It is now expected that the annualized turnover based on June will be approximately $180m.
Prevention?"...new opportunities ... will allow us to continue our strong growth in the key cybersecurity domains of monitoring, consulting and solutions."
Normalised EBITDA of $9.6m up from FY20 result of negative $2.8m and Turnover increased to $96.7m, up 372% from FY20 result of $20.5m
The Group has achieved a normalised net profit (NPAT) of $4.9m, excluding acquisition related costs and non-operating share based costs. Once these costs are added back in, this equates to a statutory reported net loss of $4.5m for FY21.
$20M @ 21c a shareand now, a trading halt is requested pending release of an announcement concerning a capital raising [for] acquisitions.
A quartet of Australian consulting firms has negotiated a merger to form a new company that plans to take on the growing cyber security practices of the big four consulting firms, and go public on the Australian Securities Exchange next year.
The new company will be called Sekuro and combines the formerly separate firms Privasec, Solista, CXO Security and Naviro in a deal that the founders said involved no typical M&A buyouts and represented a tactical alliance that would make the combined entity stronger than the individual parts.
The chief proponent goes on to say:.... the separate companies specialised in different aspects of cyber security strategy, and the merger would mean it could offer a so-called “end-to-end solution,” ranging from assessment of an organisation’s security posture to building new capabilities, monitoring networks and augmenting in-house skills.
Sekuro enters a competitive sector where the likes of EY, PwC, Deloitte, KPMG and Accenture are all positioning themselves as cyber experts, while global business advisory firm Ankura set up shop locally in 2020 and private equity backed roll-up machine CyberCX has acquired almost 20 Australian cyber firms since launching in 2019 following the acquisition of 12 separate niche firms. Last month ASX-listed cyber security firm Tesserent also kicked off plans to buy up smaller operators.
Ouch !!... he believed Sekuro trumped the model of all these competitors, which he positioned as financially motivated roll-ups and acquisitions as opposed to strategic mergers.
“CyberCX is at its core a cyber security acquisitions machine, when a company is bought by it, it is absorbed into the CyberCX identity and the staff must adapt,” he said. “CyberCX is primarily a financial instrument run by fund managers to make profit. While this works for them, it doesn’t work for Sekuro.
“The big four consultancies are acquiring smaller well-established but uncompetitive, or market-tired, cyber security businesses to bolster their capability in terms of people and processes; while Tesserent is specialising in acquiring established –and sometimes stagnant –businesses, with a focus on giving their founders a fast and easy exit.”
hey man, what scanner you use for scanning cause this thing is a beautyTNT appeared in my HVBB scans (daily x2, weekly). No news announced. I'm leaving it at "interesting".
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Refinancing has resulted in a replacement of the existing debt facilities of $35m, previously provided by Pure Asset Management (PAM), with a new Market Rate Loan provided by the Commonwealth Bank of AustraliaOne-off costs of Refinancing It is noted that the refinancing and early repayment of the PAM facilities will incur a one-time prepayment/exit fee of $1.75m.
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