Ann: TSN Business Update, page-8

Okay, looks like the market wasn’t overly excited by this latest update, to be fair neither was I until I read it a few more times and then I started to see things more clearly. Here are a few points that everybody seems to have glossed over.

• DWX’s performance is tracking well and is expected to achieve record revenue growth for FY18.

Record growth!!- Why does this just get brushed off, this is a company with real business relationships with real revenue, not just some hype with the latest buzzword.

• Underpinning this growth is DWX’s loyal base of existing customers. DWX continues to serve its customers well which is evidenced by consistent contract renewals, which is fundamental to growth.

Consistent renewals- Again just brushed off, for me one of my big concerns when the acquisition was made was whether they could maintain their customer base, well it certainly seems so now!

• Concurrently, DWX is adding to its base of loyal customers. DWX recently expanded its client base by offering its cybersecurity services to the Insurance industry and has captured $0.5 million of business in the last few months. Revenue from these projects will be fully recognised in FY18.

Again Loyal Customers and revenue fully recognised in FY18. Real business with real revenue coming in now, not just some future potential.

• TSN continues to evaluate near term acquisition opportunities in cybersecurity complementary to the DWX business. We look forward to keeping the market informed of the progression of TSN.

If they are looking forward to keeping us informed about TSI does that mean that TSI is on the improve and there is positive news on the way or am I being too optimistic there? I personally think that TSI could be doing quite well, overall ATM transactions have consistently improving and the management team is second to none, the CEO can bench press a lot too!!!




Now onto the About TSN at the end of the announcement. I recall someone ages ago that was arguing til he was blue in the face that the ATM’s and Managed Services Platform was owned by Mphasis and that TSI had to pay Mphasis fees for this. Bzzzzzz- Wrong!!! As you can now see below.
About TSN
Transaction Solutions International (TSN) is a technology based company focused on the financial services sector. The company has a 100% ownership of Decipher Works (DWX). DWX is a Sydney-based cybersecurity specialist, providing consulting, support and managed services to financial institutions and large corporations. The Company has strong long-term relationships with many of the major banks and institutions in Australia, and is now moving into other market sectors such as Insurance and Financial Services businesses. TSN is actively pursuing growth in the cybersecurity industry. TSN also holds a 24.89% interest in TSI India, a company having 400 employees, which has created a scalable operation in the field of e-transactions and payments in India. TSI India has over 30 major bank relationships, owns and manages approximately 14,000 ATMs, also offers Bill Payment services to a number of utility companies in India and owns a Managed Services platform.


Financial Services businesses? Could it be with TS………. Nah, surely not!!.... Or could it??

https://hotcopper.com.au/threads/ann-tsn-business-update.3849191/#.WhLAJ0qWaUk

I have communicated with Jeff a few times over emails and phone calls and he expressed that he was keen to buy stock in TSN, as others have stated this as well. So, why hasn’t he bought yet? Does he have inside knowledge that has prevented him buying thus far? He seems like a straight up guy so I don’t think he is fibbing about his intentions, I think it’s got more to do with this from their announcement on 18/10/2017. I mean, if they were in advanced discussions and the major terms had been agreed on 4 weeks ago, then I’d think it’s a safe bet that something has to be announced soon.. Hmmm!?

Expanding the Cybersecurity Managed Services business: The Cybersecurity Managed Services business is attractive because it provides a stream of recurring revenue providing an excellent foundation for further growth. DWX has already begun generating multiple opportunities in the Managed Services business. Most notably, the company is in advanced discussions with an Australian bank for a 3 + 2 year Managed Services engagement. Whilst the contract is yet to be executed, major terms have been agreed between the parties.

https://hotcopper.com.au/threads/ann-tsn-contract-win-and-business-update.3762741/#.WhLBMUqWaUk

So, in summary there is actually a fair bit going on and if you re-read past announcements it is actually all in front of you but like I have said before, some people can only see what they want to see.