VOR 0.00% 39.5¢ vortiv limited

is the bears back broken........., page-22

  1. 11,247 Posts.
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    Tah Man,

    Businesses under the TSI India umbrella:

    ATM business

    * ATMs have grown just a little over four fold in 3 years. Page 4 of the 2011 Annual Report dated 29/07/2011 highlighted the company had 525 operational ATMs online.

    * As highlighted in the recent Operations Update, revenues for H1 15 crossed the $6 million mark (in only six months for TSI India).

    * $6 million + AUD is just on 1500 ATMs plus there's the additional 800 ATMs soon to be installed.

    * Half Yearly Transaction Growth: H1 2015 it'll be close to 40 million. And with 2300 ATMs soon to be online, I expect to see the H1 2015 transaction figure to increase significantly over this year.

    Utilities/Bill Payments business

    * Back in 2007 the company had a little over 50 machines bill payment/kiosk machines deployed with approximately 3 clients.

    * Fast forward seven years and the company now has 9-10 clients in the bill payment/utilities space and the number of machines have increased approx eight fold (400) since the beginning of 2007.

    * As per announcement dated the 28/08/13, the company highlighted that e-payments currently make up only 10% of TSI's business, that there's good scope and potential for strong margins and that they see strong opportunities for expansion, which includes the field of mobile payments.

    Discussions/Future Opportunities as highlighted in the Half Yearly Report

    * The company have assessed and considered over 25 potential technologies suitable to its strategy.
    * Also mention of a handful of other opportunities outside of the technology space.
    * Due diligence still ongoing with Salt re e/m-commerce JV deal.
    * Discussions with other companies both within the technology and industrial sectors.

    It's all there, one just has to dig deeper.

    All for a market cap of $7m or just 0.004c!

    Tony

    References

    http://www.asx.com.au/asxpdf/20130828/pdf/42hzjsgqqjthtx.pdf
    http://www.asx.com.au/asxpdf/20071025/pdf/315cby6t47yk51.pdf
    http://www.asx.com.au/asxpdf/20141126/pdf/42v19837zvngrm.pdf
    http://www.tsiplc.com/our_clients.asp
    http://www.asx.com.au/asxpdf/20141202/pdf/42v69rq89l6s50.pdf
    http://www.asx.com.au/asxpdf/20110729/pdf/4202knz2qp362r.pdf
 
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