Tesserent (TNT) announced today that they would be entering a trading halt "concerning a capital raising to support pending acquisitions."
TNT has made 7 acquisitions since March 2020, yes seven, so one has to question the company’s internal focus. Organic Growth is difficult to ascertain for TNT as they continue to seek M&A opportunities. I realise and recognise current market conditions being more favourable to acquisitions however I'm beginning to wonder when management will focus on their organic growth, and core offerings.
Disc. Small position held.