Acquisition Finance, page-275

Honesttrader

IMO still a lot of nervous retail investors selling out based on "face value" of the OU without considering what could have occurred ... a 50% drop in revenues would have not been a surprise in that period (and indeed many WLA operators probably did experience that eg Tata I suspect). Personally I thought it was a very impressive result given the macro-economic environment throughout November & December and this will show up in the figures post December ... we just have to be patient while normality returns.

In the meantime, interesting article here: http://thediplomat.com/2017/02/indias-demonetization-is-a-distraction-not-a-solution/

MartyW