As per Operations Update dated 02/05/16 below, the company highlighted that they are aiming for an annual revenue target of AU$53 million dollars based on
CURRENT transaction volumes.
http://www.asx.com.au/asxpdf/20160502/pdf/436ykfjrnbyg1y.pdf
Here's what we know about their current transaction volumes.
TSI India's existing ATM networks:
* TSI India's existing ATM networks = 2052 machines. They still have an additional 248 ATMs to come online from the contracts won in September 2014 which will total 2300 ATMs with three major banks in India.
* At present they're bringing in 133 transactions per day / per machine based on 4000 transactions per month per ATM. Refer to Half Yearly Report below.
http://www.asx.com.au/asxpdf/20160531/pdf/437m2s62rhmbtt.pdf
* 133 transactions per day x 365 days x 2052 ATMs = 99,614,340 transactions per year.
* Therefore once the additional 248 ATMs come online to equal 2300 ATMs it should bump up transaction volumes per year as follows (based on same metrics)...
* 133 transactions per day x 365 days x 2300 ATMs =
111,653,500 transactions per year.
TSI India's new contract with Mphasis:
* Of the approximate 11,000 ATM contract, 8123 are currently active in the financial year 2017 and expected to remain active in the financial years 2018 to 2021. That means an additional 2877 ATMs are to still come online. My guesstimate is that these remaining ATMs are being assessed at sites / removed completely perhaps to new locations?
* An average of 157 transactions per day has been forecast for the financial year ended 31 March 2017.
* 157 transactions per day x 365 days x 8123 ATMs = 465,488,515 transactions per year.
* Therefore once the additional 2877 ATMs come online to equal 11,000 ATMs it should bump up transaction volumes per year as follows (based on same metrics)...
* 157 transactions per day x 365 days x 11,000 ATMs = 630,355,000 transactions per year.
Total transactions per year once additional ATMs (248 + 2877 = 3125) come online...
111,653,500 + 630,355,000 =
742,008,500.
Therefore gross recurring yearly revenue should also surpass AU$53 million dollars per year easily.
NOTE: this is without any improvement whatsover to current transaction volume metrics per day. A slight improvement of transactions per day on average and transaction volumes and gross recurring yearly revenue increases exponentially. Why? The sheer volume of ATMs now on the market will most likely = massive numbers right across the board.
Oh pip traders I feel for you.
Tony
