The two statements above reflect the worst of Hotcopper....

The two statements above reflect the worst of Hotcopper. Unsubstantiated waffle, one by a guy who has no pecuniary interest.

Just drivel.

Do your homework.

Sure...a very, very crappy result...but I've looked at the likely figures at June 30 and the equity per share is 30c and the NTA just a tad short of 21c.

I suspect a NPAT of around $1.5m this year and that's after the 1h loss of $2m.

Yes, trading in Australia is shocking but TSM is morphing into a UK based company and their outlook there is good.

Check the NPBT for 2011....$3m for Aus and $7m for UK. Surely this tells you where we are headed.

The company is predicting a return to record profits of over $6m for 2013.

Not a bad return of Sals 10c a share or $15.6m mkt cap.

Make no mistake, I'm not a happy camper but I do believe some balance is required here.

My issues are:

Can this management team satisfactorily transition this company and diversify both in terms of markets, industries and product offerings?

Will the new suite of products gain traction in the marketplace?

Like others I struggle to see the skinny on the FIDO product and intend to contact the company on same. That said I do like the way it reads on the web and suspect the retailer must pay us a fee for delivering a certain sale that will be paid.

I know in my past business interests I willingly did this and put the commission down as a cost of doing business. thinking about it, why would I or TSM disclose these market sensitive details?

Anyway, rant over. Apologies if I have bagged the two previous posters...just want to see some balance in an ugly situation where many are under water.