Report

Initiation: Unlocking its potential

After a major restructure and rebuilding of the business in 2009, TZ seems to be turning the corner. There is strong growth in both its infrastructure protection (IXP) and packaged asset delivery (PAD) divisions, and with operational leverage, numerous significant contract opportunities and potential to license its technology to third parties there are many reasons to be optimistic. The timing and value of contracts are difficult to predict, but given the expanded roll-out potential with its already impressive client base (Microsoft, Cisco, Singapore Post) there is opportunity for growth even without signing significant new customers. Effective execution and cash flow management will be key to sustained share price growth, but announcements of significant new contracts could be short-term catalysts.
Underlying
TZ Ltd.

TZ is engaged in the development of devices and device systems that enable the commercialisation of hardware and software solutions for the management, control and monitoring of business assets and the provision of associated services through its subsidiaries. All of Co.'s operations are based in Australia, the U.S., and Singapore.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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