i would agree with you but there is one problem with the theory . this is the australia post deal. if pitney bowes won this deal then looking at the size of the deal given to the contract winner then i think we can all be sure tzl price would have moved up.
so unless people think aus post loss was planned and this view must not be dismissed, looking at (1)pitney bowes deliberate price gouging attempt which resulted in loss (2) unnecessary tzl fanfare over third party tender loss (due to as tzl claimed media speculation - which did not exist), (3)immediate announcement of australia parcel locker network plan (4) push down on price from fair value as AP was not priced in, (5) tz unwillingness to promote before capital raising, AND (6)tzl raising this money at over 1/3 the price, THEN I think it is fair to say that we have just been unfortunate.
TZL Price at posting:
9.0¢ Sentiment: None Disclosure: Held
