half-year financials, page-24

Disappointing to say the least - Very deflated on progress this year.

I was not expecting astonishing revenue from Elixia, but at least a steady state from the last period considering those sales were "underwhelming". A significant drop in revenue indicates repeat business is not as vigorous as expected.

None of the "collaborations" seemed to have materialised as yet. Will they?
Mr and Mrs Globals....what are you doing? Who are you?
Was Mr. Cosmetic Global mentioned in the report? Did i miss this? Did we hear Esra stating back in Sept/Oct 2011 that she expected this deal to be wrapped up and disclosed by the end of 2011? 1 year on and nothing...Oh but they are testing TPM on more than one product. Come on, deal or no deal?

Sure Oxy is the main game ATM, so either cut the crap, lose the dead weight, drop all the other projects that is costing us resources and cash (even testing by external companies costs POH at the end of the day) and FOCUS - OR
give the market real progress reports on the collaborations not just fluff - and I don't want to hear, "but our arrangements are all confidential".
Either something is inherently wrong within the walls of POH, TPM is not cracked up to the hype as the uptake by the JV's have all but stalled, or my expectations are too high. Unfortunately IMO, many of the progress updates by POH have been very vague, just glazing over the project. I am getting tired of reading the same updates on projects.

I will be writing an email to David with some hard questions.

Rob, if you are reading POH on HC. I hope you are at least getting positive results, are full steam ahead in your TPM projects and are expecting to buy out Qantas in the next 12 months to add to your aero-fleet.


SUDs