Tony, the writing on the wall here, but a bit more patience required.
Just tell me a comparable ASX listed stock that has not only an investment in a cash-flow positive financial services business that is growing (fast) in possibly the largest emerging market in the world, but is also to be at the epicenter (through SALT joint venture) of what I believe to be the next big 'theme' - NFC and mobile-payments, again in possibly the LARGEST EMERGING MARKET IN THE WORLD IN REGARD TO:
And all for $10.68 million market cap with $2.5 million cash? Explain that. I may be a little bias here, but is TSN not one of, or the cheapest ASX listed stock in the market right now, based on underlying investments and blue-sky potential?
Just wait until the Australian market really takes to the iPhone 6 and iPhone 6 plus and realizes the scope of NFC and mobile-payments, then we'll get some interest. The Australian smart-phone market is a measly 15 million users, compared to the anticipated 225 million smartphone sales to India during 2014.
TSN Price at posting:
0.6¢ Sentiment: None Disclosure: Held
