In my post dated the 16/10/14, I mentioned that on page 4 of the 2011 Annual Report dated 29/07/2011 the company highlighted that they had 525 operational ATMs online and that just three years on the company's total number of operational ATMs will soon be 2300. That's a little over a four fold increase in ATMs and there's still a little over two months left in the year.
The other day I also highlighted that the company had $2,356,000 (total cash at end of this quarter) divided by $233,000 (net operating cash flow) = 10.11 quarters worth of funds as things stand right now. Ten quarters is just shy of three years worth of funds.
What could the business look like should multiple major contracts (like the last win, fingers crossed) take place over the next 12 months?
I've been extremely pleased with the total number of ATMs awarded in 2013 and 2014 particularly since the company was right in the thick of a very busy late 2012 (end of year) to 2013 with the finalisation and completion of the $22M investment for the Indian ATM business.
What's the business going to look like should new banks (fingers crossed) come onboard?
Imagine how much this business would benefit or leverage off each other with (fingers crossed) the introduction of an e/m-commerce leading-edge technology platform?
Could we see a similar four fold increase of what we've now seen from (2011 to 2014) in total ATMs over the next three years with the larger contracts that we're seeing now being awarded?
Time will tell, but these are just a few of the reasons why I remain encouraged, positive and optimistic about this investment.
But please do your own research.
Tony
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