you'd have to think that the delays with ADAM are as a result of...

you'd have to think that the delays with ADAM are as a result of resources being put towards winning these two contracts which makes sense. I'm with MM, I'd like to see ADAM bought out by the likes of Toll where TZ simply supplies the lockers and the tech support. That would be lucrative in itself, derisk the project and provide the capital investment needed.

I'm not sure on staffing numbers at TZ after the cull 18months ago but looks like they'll be on the increase this year.

Time to get on board TZ if you haven't already. these latest wins are a springboard for bigger contract wins in high growth markets. The board and staff at TZ have got the battle scars from the previous few years to know what to do now. And later this month (I think) TZ will be debt free when QVT converts its large loan in to shares. Yes, dilution will occur but the market cap will gain as a result and the conversion is unlikely to be at a discount to the existing SP.