earnings fy14

Hey all. I thought I would share with you why I bought this share seems that there isn't so much noise on the forum...

Veda has been around for a very long time (approx. 47 years) and only recently listed. This is a sign of strength when a business can survive for song long having such small capitalisation, even if they were funded with a lot of debt.

They have listed at such a vital moment in time, when credit is so cheap and in high demand. This demand for credit translates into demand for credit history checks and products of the like. Veda supplies exactly that. It doesn't take a generous to recognise that this is potentially a great opportunity to hold just to wait and see the full year results, which I anticipate to be larger and better than ever. Some of you might say that this is because of all the additional capital they've been handed and a big part of me believes that too, but lets just wait and see shall we.

A reason that decided the size of my position was their competitiveness reducing the investment risk. They have (estimated) 85% of market share. I am punting on a few possible acquisitions of their tiny competitors now they have the cash to do it (if they are allowed by the ACCC of course). God knows the potential this company has.

The biggest risk I believe is the possibility that the earnings boost this year is wimpy.

Lets hear what you think.