TZL - TZ Limited

[Eddyl]

Seems to have taken a bit of a hammering lately. Any thoughts on how the US market will recieve TZL, considering all the recession fears?

 

[shaunm]

Eddyl,

Up 7% (26 cents) today.
The last few days have seen selling on extremely low volume so you could hardly say it has been "hammered".

 

[MangaNOID]

evidence still points to dkr selling their stock... as has been mentioned many times before:

dkr convert remaining bonds worth 2.5mill...days later cross trade at $2.95...days later again, Notice of Initial Substantial Shareholder for dkr with 2.5 mill...price starts to plumet sub $4... 3 days later Notice of Ceasing to Be a Substantial Holder for dkr


annoying but not concerning... to me anyway

i just wish i kept track of trade volume from when the cross trade happend on the 18 june to see how many they have left roughly. i can only see about 270,000 traded from 27th June till 4 July this is assuming they are getting rid of all of them.

can anyone else find how many were traded from 18th june till 27th june to add them up?

 

[Pommiegranite]

evidence still points to dkr selling their stock... as has been mentioned many times before:

dkr convert remaining bonds worth 2.5mill...days later cross trade at $2.95...days later again, Notice of Initial Substantial Shareholder for dkr with 2.5 mill...price starts to plumet sub $4... 3 days later Notice of Ceasing to Be a Substantial Holder for dkr


annoying but not concerning... to me anyway

i just wish i kept track of trade volume from when the cross trade happend on the 18 june to see how many they have left roughly. i can only see about 270,000 traded from 27th June till 4 July this is assuming they are getting rid of all of them.

can anyone else find how many were traded from 18th june till 27th june to add them up?

So you are taking news from a couple of weeks ago and interpreting that as current. Also your interpretation is incorrect as those substantial notices were for the crossed trades which you mentioned i.e notices are to be given with 2 days after the trade has taken place.

 

[MangaNOID]

So you are taking news from a couple of weeks ago and interpreting that as current.

yes, because I think they are selling all their stock. 2 reasons why I think so... they cant sell 2.5 mill all in one hit on market, it will take some time. secondly to that point this is the first substantial holding mentioned for dkr (total shares held for dkr in this notice were about the same as the large cross trade on market) so all those other converted notes must have been sold in the past which is why I believe them to be selling all.

Also your interpretation is incorrect as those substantial notices were for the crossed trades which you mentioned i.e notices are to be given with 2 days after the trade has taken place.

i don't believe this, as the cross trade happened on the 18th june. notices to the asx would have to be given on the 20th for BOTH becoming and ceasing with your interpretation. only becoming was announced. The ceasing was not announced until the 23rd june, 3 business days after the trade. they would have started selling on the 19th to invoke the ceasing announcement.

also the the securities held by dkr on the becoming were 2,517,371 with 5.23% voting power. it would only take 30,208 shares to be sold to dip below the 5% and therefore cease to become a substantial holder. quite an average amount for tzl movements. i cant remember or find out atm but I'd be certain that there were at least that many shares traded on the 19th june.

this is my interpretation of events...i could easily be wrong!

 

[Santoro]

For those following this closely today seems like the reverse of the past few months is going on.....chipping away at the sellers and always just enough to clear the next price away......interesting...

Chart is on an upward trend....

I did sell out a third of my holding last week....so no surprise its moving up then

 

[Pommiegranite]

For those following this closely today seems like the reverse of the past few months is going on.....chipping away at the sellers and always just enough to clear the next price away......interesting...

Chart is on an upward trend....

I did sell out a third of my holding last week....so no surprise its moving up then

I bought a load in the low 3.60's last week. Were they yours??

The buying over the last few days is due to the anticipated Duttons research report which is scheduled to be released by Thursday (as announced by Duttons 12 days ago). I anticipate this report to contain a revised upwards price target based on progress made within the last 6months.

I also wonder whether TZ will announce anything prior to this report being released. It is almost as though the rpoert was purposly delayed. The question is "Why?"

 

[Santoro]

I bought a load in the low 3.60's last week. Were they yours??

Probably not I sold for 3.80 prior to going to 3.60..was looking to get in again at low 3's like when I got them in mid march, but they turned back too soon unlike just about every other stock out there.....there is little good news out there.....which is why I like TZL, its a disruptive technolgy that provides a competitive edge as seen by non disclosure of some early adopters...

 

[shuisman]

There has been some interesting news:

It was a Nice meeting. Nasdaq will be confirmed within 24 hours.

Company is in talks with some major parties and expects to close deals in 2-12 months.

Nice slide show, in which Dell was mentioned a couple of times.
I Think Dell is one of the companies with who they are in negotiating. Expect an announcement, if things turn out right, in 2 months.

Sigalla seemed a bit nervous, especially when he mentioned a Nasdaq listing between USD 25-35. The ASX listing will be terminated if the Nasdaq listing will happen.

Futurewall wasn't mentioned anymore.

But nobody asked: " is the copany strong is it future assured?"

Good luck!

 

[Pommiegranite]

There has been some interesting news:

It was a Nice meeting. Nasdaq will be confirmed within 24 hours.

Company is in talks with some major parties and expects to close deals in 2-12 months.

Nice slide show, in which Dell was mentioned a couple of times.
I Think Dell is one of the companies with who they are in negotiating. Expect an announcement, if things turn out right, in 2 months.

Sigalla seemed a bit nervous, especially when he mentioned a Nasdaq listing between USD 25-35. The ASX listing will be terminated if the Nasdaq listing will happen.

Futurewall wasn't mentioned anymore.

But nobody asked: " is the copany strong is it future assured?"

Good luck!

Klaas (nonTZ), who arranged the broker presentation is a reliable source. He's a retired Bear Stearns broker who is heavily involved with TZ.

 

[grace]

Investor Presentation out today. Starting to crank the wheels! Mention of DELL as a customer. Also, there is that picture of the school bus.....now I'm pleased about that too. Lots of secrets with TZL. That's ok by me too. The more secrets the better. Just shows how well sought after the technology is!

Everybody is so keen to see the nasdaq listing. Personally, I'm with this company for another 5 years, so if they need to wait for a better market in the US, that's ok by me.

http://aspect.comsec.com.au/asxdata/20080710/pdf/00859147.pdf

 

[Pommiegranite]

Investor Presentation out today. Starting to crank the wheels! Mention of DELL as a customer. Also, there is that picture of the school bus.....now I'm pleased about that too. Lots of secrets with TZL. That's ok by me too. The more secrets the better. Just shows how well sought after the technology is!

Everybody is so keen to see the nasdaq listing. Personally, I'm with this company for another 5 years, so if they need to wait for a better market in the US, that's ok by me.

http://aspect.comsec.com.au/asxdata/20080710/pdf/00859147.pdf

That's an excellent attitude to have Grace.

On a day where almost every other stock is getting mauled, TZ is in the green.

 

[Pommiegranite]

If any of you have today's AFR, you may see an writeup on TZ.

Here is taster from the AFR website (I am not a subscriber, so do not have the full report):

TZ presses on despite decline in IPOs

11 Jul 2008 | The Australian Financial Review | Ben Woodhead
Software and electronic fastenings developer TZ is pressing ahead with plans to list on Nasdaq despite an 80 per cent decline in public offerings on the tech-heavy US stock index in the past year.

 

[Eddyl]

Did anyone actually read the AFR article. What is slightly annoying about TZ is that they give no insight into future timeline of events.
It has quite poor visibility into company progress

 

[MrMarket]

Hi All,

For those who missed it I've attached Friday's AFR article. Not exactly glowing but I'm not so concerned about that as the news that they plan on issuing new capital on NASDAQ listing. How do they do that without diluting our holding(s)? Pommie?

 

[Pommiegranite]

Hi All,

For those who missed it I've attached Friday's AFR article. Not exactly glowing but I'm not so concerned about that as the news that they plan on issuing new capital on NASDAQ listing. How do they do that without diluting our holding(s)? Pommie?

MM, referring to the paragraph in the article, "dilution by premature issue of capital" means that TZ would like to list on NASDAQ with high revenue forecasts, thereby avoiding extra dilution to raise the same amount of capital.

Scenario 1: TZ could list prematurely, with a forecast of $200million average revenue over the next 3years. This would mean that the list price would be $15. Therefore to raise $150million, the share registry would have to be diluted by 10 million shares.

OR

Scenario 2: TZ could wait for another 1 or 2 deals to be confirmed and list with a forecast revenue of $300million. This would mean a list price of higher list price of $22.50. The dilution here would be only 6.67million shares.


So all in all, you can take the announcement 2 ways. Either TZ haven't got booked deals to fulfill revenue even for scenario 1, OR TZ are expecting some big commitments and therefore understandably wish to include them in the IPO prospectus to take us even beyond the figures which I have mentioned in scenario 2.

Unsurprisingly, I expect the latter

 

[scarfie1]

Hi all, wondering if someone can answer my question. I have been accumulating TZL with CFDs. What will happen when they delist and list on the NASDAQ?

Also, do people think TZL will climb to the likes of $25 (as some have speculated) PRIOR to exiting the ASX or will there be a massive jump between delisting and listing on the NASDAQ? This question applies to whatever price people think TZL will get to.

Thanks in advance.

 

[birdmanz]

I have to agree, scenario 2 is how i read it too pommie
the hight the ipo the less dilution...there was no mention of NO dilution

 

[Paladin]

Just a quick question - when this stock goes NASDAQ, will current shareholders be offered one NASDAQ share for each ASX share held? Anyone know? The last announcement read:

"Current TZ Limited security holders comprising the existing shareholders, options holders and convertible bond holders will, prior to the actual listing, own exactly the same ratio and value of securities in the TZ group as they do now."

Does that automatically translate to one ASX share = one NASDAQ share? Doesn't read like that to me. IF the NASDAQ shares list at the absolute minimum (to be pessimistic) of $5, and the ASX shares are worth (to be equally pessimistic - purely for the sake of argument) $2.50 US, would that mean we only get 1 NASDAQ share for each 2 ASX ones held, equating to "same value"?

 

[Paladin]

Also, do people think TZL will climb to the likes of $25 (as some have speculated) PRIOR to exiting the ASX or will there be a massive jump between delisting and listing on the NASDAQ? This question applies to whatever price people think TZL will get to.

Thanks in advance.

My reading would be that the price would be the price as it lists on the NASDAQ. And that may well be in the vicinity of $5-$10 per share, depending on what customers they have locked down as preorders and the twitchy nature of NASDAQ IPOs at the moment.