1. Aggregating the number of lockers as shown on the slides in the presentation, ranging from Apple with 30,000 lockers to Macquarie Telecom with 2000 lockers the total amounts to 76,609 lockers.This does not allow for an indeterminate number installed in US Universities. There was no mention of Federation University in Melbourne. 2. Gross margin has grown from 49% in 2014 to 52% in 2019. 3. The number of parcels shipped worldwide has grown from 47 billion in 2014 to 103 billion in 2019.
Surely, some of the growth in numbers could have been captured and held by TZ Ltd.
The company relies upon the support of its shareholders. When queried by the ASX as to its future, its answer is to resort to the claim that its shareholders will support it. This has been the case in the past, support from shareholders has been forthcoming and generous.
The slides dealing with the future show promise, but again the promise of a brighter future has been on the horizon of this company for a long time and in different forms.
Management has been like a revolving door.
A brighter future could start with a financial quarter that is cash flow positive and does not rely upon deficit funding. A much brighter future would involve sustained positive cashflow for the company.
To the management of the company, GOOD LUCK.
TZL Price at posting:
11.0¢ Sentiment: None Disclosure: Held
