Hi
@willsurry2015,
No problem.
All my personal opinion, but as I've highlighted numerous times now, the value for me lies in the world class technology platform the company have been working on for a decade.
How do you put a value on the company actually doing business with 22 high profile clients operating in one of the fastest growing economies in the world? They have been doing business with some of these clients for close to a decade. These are real products on the market.
How do you put a value on the 'repeat business' that has come from many of these clients and could continue to come moving forward?
How does TSI India go from winning 500 single ATM contracts to managing and operating a high profile Top 10 Indian IT company's 11,000 ATM network in one go? Sure, it's managing and operating existing networks on the market, but that deal has come in 22 times the size of any previous ATM contract awarded. ONE DEAL across ONE BUSINESS LINE with ONE PARTNER. What value does one put on an extraordinary achievement like that?
TSI India currently have 4 business lines/solutions that they are operating in on the market in India.
* ATM deployment
* Managing new client ATM networks
* Bill Payment/Kiosks
* ATM E-surveillance
What 'real value' can one ascribe to the company's 'ready for market' solutions or potential businesses below? We've just seen another significant achievement ticked off with their ATM e-surveillance solution. TSI India have just released to market another product business line that has the potential to turn the market upside down with its scope/breadth growth potential. There are only a few players operating in the ATM e-surveillance/power management space and TSI are now a part of that in the circa 200,000 Indian ATM market. What's next? What about all other 'asset lines' outside of ATM e-surveillance as a possibility?
Business lines that TSI India have ready for market...NOTE: many of these have numerous 'sub-categories'.
* E-surveillance asset business lines outside of ATM surveillance
* ATM Power Management and asset business lines outside of ATM Power Management
* POS Terminals
* Smartphone Technology (e and m-commerce)
* Big data driven MIS Systems for Analytics
* Card Issuance
* Payment Services
* Card Management
* Card Products
The company are showing what's actually possible and whilst the market is still playing catch up to what the company have ACTUALLY achieved, they keep ticking box after box, only this time as rapid and as large as ever.
And just to put things into perspective, in 2010 TSN owned 100% of the ATM/Bill Payment business. They had about 370 installed ATMs in India. Share price at the time was approximately $0.038c. They had a market cap back then of approx $45M.
Fast forward to March 2016 and the company have a 25% stake in TSI India's business, they're now managing and operating 13,000 plus ATMs and 400 Bill Payment Machines, landed their first ATM e-surveillance client for 500 ATMs and the share price sits at $0.033c. Market cap today sits at $40.45M.
IMO, we're still only at
hors-d'oeuvres with 'fair valuation'.
Tony
