selling stopped, page-34

That's one way of looking at it.

Another way is that the PDT business has been growing revenue at 10% per annum, whereas the TZI business's quarterly revenue growth (PO's) for the past 3 quarters has grown at 15%, 300% and 60%.

If growth rates continue as they are, the question has to be asked as to whether the return on capital from PDT would be greater from selling PDT and reinvesting the money into the TZI business.

I'm all for having the accounts split out (and preferably TZI spun off or PDT sold), because only because currently PDT's growth rate is not doing much to create an exciting growth story for TZI. The overall figures mask TZI's performance which has been good for these past 9 months - yes not as quick as we want, however the answer to that lies in 2010 and not 2011.

Anyways, before this should be looked at, we need a landmark deal like Aus Post.