My view - US sneezed so we think we're catching a cold.... opportunity perhaps?
As was posted above yesterday, the AFR report that included this stmt, still applies "The Piramal transaction valued TSI at $190M, and that it was based on 10x multiple of last yrs earnings". Those earnings didn't include the new SBI 10yr K nor did it include any value for the WLA. And as holders, we know (and the NH salties don't) that TSI will move 3,900+ ATM's from the current SBI K to start a new earnings phase under the WLA/FindiPay opps in regional India where the cash economy still rules.
All that, plus Oz based funds investing into the coy makes for a reasonable future, one would think!
Will see how the rest of day pans out.
FND Price at posting:
$2.56 Sentiment: Buy Disclosure: Held
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