1. The big write down relates to another acquisition "Meter Eye" not TCP 2. CPZ stated that TCP was profitable prior to acquisition. I haven't yet been able to see if TCP is still profitable in the underlying CPZ result 3. TCP provides CPZ with 1100 sites in UK/Ireland to implement their technology 4. The Management Presentation was a bit "folksy" but .... the issues they have found in TCP are exactly those that their modus operandi and technology are being developed to address.
"Find car parks with a Smartphone App!!! ... next thing you will be able to pay remotely!!!
Watch this one closely!!!
CPZ Price at posting:
28.0¢ Sentiment: LT Buy Disclosure: Held