VOR 0.00% 39.5¢ vortiv limited

Summary of TSI India/TSN for newbies., page-6

  1. 10,943 Posts.
    lightbulb Created with Sketch. 1262
    Hi @TenX,

    Thanks and totally agree with the $1 billion market cap as a possibility.

    This latest deal is nothing short of spectacular. If they can achieve this kind of jump in their ATM fleet in such a short period of time ( for some lol) then one can only imagine when all those other pieces fall into place. Fellow TSN'ers, I repeat, this latest deal of managing and operating 11,000 plus ATMs was achieved with only one high profile company across ONE business line.

    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 and the share price sits at $0.028c. Market cap today sits at $40.45M.

    That should put this all into perspective. Share price is beyond laughable now, but as we all know, that can easily change in an instant.

    Tony
    Last edited by TonyIndo: 06/03/16
 
watchlist Created with Sketch. Add VOR (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.