You are more than entitled to your opinion, I have no problem with that.
You wrote;
Most of the outlined announcements and updates from TSN actually don't really tell us anything we don't know or is really the same old sheet over and over again.
We didn't know about the NOV agreement that was taking place behind the scenes, yet they signed this in record time. Got to give management credit for that, no? It's only been 2.5 months since agreement was signed. Needs more time imo.
We also didn't know about the successful trials that took place with many banks and utilities during the year, grouped under e-surveillance, power management and electronic payment applications. That's new.
From Annual Report...
"Given the new managed services capability, TSI India placed a stronger emphasis on developing inhouse I.P. for services such as electronic surveillance that would replace physical guards, electronic payment applications for existing and potential clients, and power management technologies that would reduce the cost of ATM infrastructure in India. During the year, successful trials took place and it is anticipated that these areas will show significant growth in the coming year, with many banks and utilities comfortable with the success of these programs."
IMO a lot of us are tired of this and we need to actually see TSN achieve something. We NEED revenue and forecasts, business plans etc.
Here are the actual metrics for revenue for the four quarters for the company's ATM business with a link to the company's announcement that highlight these. Have shareholders calculated or converted what this amounts to per year? I have. Note quarters 1 & 2 were pre-demonitisation and quarters 3 & 4 were impacted by new government policy changes.
They told us the SREI rollout was underway with the installation of 50 ATM's to trial before a possible 9000 more. Now how many did they actually do? Possibly only 3 or 4. Massive failure. Why were we not told.
We were told. The last we heard is that this project has been delayed due to demonitisation, with 2-3 months required by SREI. Note, we're only a few months over that time frame. As of May 2017, the NPCI website below, highlights only 3 SREI WLA have been deployed. Let's see if numbers increase over the next few months and whether we'll get an update from management on this front.
