Hi @valueadd i guess some people see the glass half empty while others see it as half full.
- its not 16,000 agents, they announced 6 weeks ago in their AGM presentation that they had 18,170 agents, so probably closer to 20,000 agents now.
- It wasn't just Union Bank they lost, it was also Metro Bank. Thats what caused the customer receipts to plummet down to $80,000 in 2018.
- Is it fair to call management "poor and weak" when they have grown customer receipts for 4 consecutive quarters now from $80,000 to $326,000?
I personally think that a lot of good has come from losing those two banks. Probably 80% or more of their revenue was coming from just 3 banks and at their mercy. PiL have since built up a nice diversified income stream which does not rely on just 3 customers. I believe in giving credit where credit is due and i think they are definitely on track now. Do you think customer receipts will be up again this quarter? (I do) If so, how do you explain that as "poor and weak" management?
Would 5 consecutive quarters of growth be enough for you to admit they are doing something right?
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