VOR
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0.00% 39.5¢ vortiv limited

Hi everyone. I started looking at this company yesterday after...

  1. JefferyMusk
    17 Posts.
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    16/03/22
    08:22
    Post #: 60214899
    Hi everyone. I started looking at this company yesterday after this announcement and I am trying to assess the value here. According to this article https://www.google.com/amp/s/www.fortuneindia.com/amp/story/macro%252Fwhy-the-atm-industry-in-india-continues-to-struggle%252F105011 from January 2021, it costs 5 lakh rupees per ATM. At 50:1 INR:aud, this is $10k aud per ATM. For 2550 ATMs, this would then cost us $25.5 million. From what I could see, the company only has 5M in cash or so. Does this mean that people are expecting a cap raise soon?
    VOR Price at posting: 2.7¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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