Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi guys Your thoughts on tne. The ceo was very bullish and was confident it would have revenue of over 1 billion by 2030. This would be double what it is now. After the recent pullback do you see this as a good buying opportunity Thanks Tony
Hi Tony,
TNE it is an Australian enterprise software company that provides cloud-based (SaaS) solutions to sectors like government, education, and utilities. Its software manages finance, HR, asset, and student systems through a single integrated platform.
MM are big fans of TNE, but valuation has been an issue, especially since the stock surged higher from the April lows. We discussed the TNE business in detail back in September and our view hasn’t wavered, with the business on the right track to achieve management’s target of $1 billion in recurring revenue by FY30. However, this is not fresh news with the stock still trading on the rich side of history, even following recent weakness.
Like many of the quality ASX tech names TNE is trading well off its 2025 highs, on Wednesday – TNE ~17%, Xero ~27%, CAR Group ~19%, let alone current rogue heavyweight WTC ~45%. In a nutshell we believe all of these names are in an “accumulation zone” but if the “AI Trade” is set to come off the boil further downside cannot be ruled out.
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