you have to go back to the last contract win announcement afew months back with HDFC Bank. In that announcement they write that HDFC which is one of the largest private banks in India is looking to add 1500 ATMS by March 2014. So that one bank alone is a big opportunity for TSI India. So in the instance of HDFC and TSI India it doesnt matter if its 1 x 1500 contract or say 3 x 500 which is split between now and March 2014. What is most important is that TSI India win these contracts. Thats whats important.
Further, the thing that would really give TSN a really big push is if CX Partners can deliver one or two of its banking relationship partners to TSI India for ATM expansion. If we see contracts coming from outside of HDFC then things could look real good indeed. Especially if Gary Foster and his team can get increases in transaction fees from the banks in question.
Waiting and hoping we see something soon and especially between now and March 2014. At under 1500 ATMs we have a good base.
What I really want to see and hope is some ambition and hopefully one day (the long term future) we could be talking about a business in here that has 15,000-20,000 ATMs producing money from transactions 24/7 an expanding bill payments business with use of kiosks, mobile and telephone billing services in one of the biggest countries in the World with a billion plus people in its midst.
TSN Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held
