TSN- Spec Buy. Target 6-7cents, page-352

The problem is that CX Partners paid a lot of money to get their 75% to start with. The Indians aren't going to donate their shares back to TSN - its going to cost a truckload. The more valuable the TSI India business, the more TSN will have to pay.

Make no mistake, CX Partners will ensure they make their money, they're not going to give it back cheap they will absolutely maximise their profit. At this stage, I cant see how TSN can get a higher ownership of TSI India without paying a lot for it, without finding a large funding source ie. debt or capital raising which would dilute further the shareholders and there is already a very big share base in place with approximately 2 billion shares in this company already.

Other than that, todays announcement was a good announcement but we still need to see revenues and profits emerge and that will happen in time. The problem is none of us really know that timeline.