Australia is an economy fast transitioning into a cashless economy with use of NFC technology on the rise. India on the other hand is still very much a cash economy, but the difference is that it is accelerating into a portable cash economy, cash deposits are on the rise, and so are ATM usage... this is not speculation but simply facts:
So, a simple comparison, STL basically valuing itself at 5x revenue, if we were to value TSi on the same terms, and not adjusting TSN for the better growth profile (as discussed above), TSN should still be at least 4c. And it is my strong opinion that it is worth far North of 4c. TSN has delivered on every promise they said they would... I don't see why shareholders would start to doubt them now...
TSN Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held
