the use of security guards instead of video surveillance is also one of the biggest costs and in a recent announcement they advised that the company had reached agreement with at least one bank to have the security guards withdrawn and replaced with cheaper video surveillance security. If they can do this across the board expenses will come down and the financials will get better still. So we have a company growing revenue cutting costs and growing its business in a massive country with 1 billion people a huge middle class which offers huge opportunities for companies like TSi. The fact they got CX in on the business ramps up their chances of building more business through getting new banks on board. Happy to wait for the growth and the revenues and hopefully the much bigger share price.
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