VOR 0.00% 39.5¢ vortiv limited

* TSI India - business growing and looking to expand...

  1. 10,942 Posts.
    lightbulb Created with Sketch. 1261
    * TSI India - business growing and looking to expand opportunities. ATM deployment grew by 36% during the year. 1825 ATMs installed and operating as of 31/03/15.

    * TSN - reviewing numerous business opportunities to leverage the strong relationships they have formed over the years with clients and Indian market.

    * Company expects to see continued strong economic growth in India over the coming years.

    * According to UN report, India's economy is projected to grow this year and next year and set to overtake China.

    * Inflation in India significantly lower than previous years. Currently around approximately 5.17%. Positive for TSI India.

    * Senior economist highlighted... 'However, investors will have to be patient'.

    * Overseas investors upped their holdings in both government and corporate notes by $25.6 billion over the last 12 months.

    * Overseas investors upped their holdings in the Indian equity markets by $15.3 billion over the last 12 months, although May 2015 poised to be the first month to see outflows.

    * Re financial inclusion - debit card growth on the rise. Close to 565 million debit cards on issue. Jump of 26% over last year.

    My attention remains on TSI India and their objective. Note only 14 months until August 2016, but some act as if it's 14 years away.

    Tony
 
watchlist Created with Sketch. Add VOR (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.