Ann: Velpic Signs New Enterprise Clients, page-21

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Mayney

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08/03/16

09:41

Post #: 17213507
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Originally posted by nine lives ↑

yes robert I noted that too. But I also I recall that there was a discussion a while back how VPC had no exposure to really big clients but I begged to differ. We even see in this thread one poster noting that we do not have an ASX20 company. What we do have, and what I have pointed out previously is both clients who are smaller subsidiaries of monster companies and monster companies that are using Velpic now for one small corner of its operation. Cargotech is an example of the latter as is Olam which is a monster multinational agribusiness listed in Singapore. In the category of the former we have the likes of Alcoa Australia which is 60% owned by THE Alcoa multinational giant, Coffey which has just been taken over by multinational engineering firm Tetra Tech and KSJV which is a JV partnership between Kentech and Southern Cross Electrical. I argued back then that through these channels Velpic can make its way into the larger parent companies and today we have seen exactly that. KSJV was one of Velpic's clients announced on December 15th. Obviously Velpic is working out very well for KSJV because today we see one its JV owners in Southern Cross Electrical signing on with Velpic as well. This augers well for further such expansion. Now imagine if Olam also decided to extend its use of Velpic from its 500 Qld employees to its 56,000 world wide employees (taken from wiki). If AHG with its 7,000 employees is worth 35-40k a year to Velpic then Olam with its "56,000 employees, contract, seasonal and temporary workers from 70 different nationalities" is worth how much???........

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all the better for us if AHG keep aquiring dealerships too!

VPC Price at posting: 5.9¢ Sentiment: Buy Disclosure: Held
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Ann: Velpic Signs New Enterprise Clients, page-21

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