500000 share lot sell offs, page-7

I agree with the above comments.. with my average entry at 2.2 am eagerly awaiting the latest quarterly update......

Patience is the key.......

On the readings the fundamentals do indeed appear sound and I note from last half-yearly and quarterly reports that:

I like the fact that:

During the six-month period, transaction volumes and revenues significantly increased as is demonstrated in
the following charts. When comparing year on year, transactions increased by 26%, whilst revenues
increased by 35%.

Revenues from operations continue upward momentum

TSI continues to expand its presence in India in an accelerated yet prudent manner. TSI India has
seen solid growth in transaction volumes and revenues during the quarter and it is expected that
this trend will continue.

Not so keen on:

It should be noted that due to its continuous growth, in the future, TSI may either raise further capital, secure
debt such as securitisation or leasing, research strategic alliances or a combination of the aforementioned.
Currently, TSI is debt free.

Also awaiting:

During 2Q2012, India’s nationalized banks, including TSI client Punjab National Bank, commenced discussions with the Finance Ministry on an all-India ATM outsourcing approach. If implemented, third party outsourced ATM providers, such as TSI, could provide deployment capacity through a tender process, to dedicated geographical areas on behalf of all nationalized banks, as opposed to a single bank. This could reduce ATM competition in those allocated areas. Due to those discussions, during the period, the nationalized banks put on hold their existing ATM deployment programs.
For all other banks, such as TSI clients HDFC and Tamilnad Mercantile Bank and others, ATM deployment continues to grow well.

And more recently the Indian premier set sights on 9-10% growth for the coming year...

http://business.asiaone.com/Business/News/Story/A1Story20120108-320592.html

I do worry however that a number of larger shareholders are from Europe/UK and am wondering how these firms are fairing in the trying times they are in??

Anyway just remove the time constraint and all is OK. I guess.

Still got my AMM's to make up the shortfall..... However I still regard TSN as my next AMM... Increasing the income on an increasing base with the pipeline already laid down.. so to speak...Obviously other risks to consider....

Regards and happy trading for 2012.

Anton.