Have been following the company for a year now
Two issues that have to be looked upon
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Monetization: If you look at the investor presentation for the past 2-3 quarters there is a slide that is missing
It was a major part of my thesis, bottomline will keep on suffering due to delay in monetization of this. -
Growth: This year they added only 1 property and 3 screen as compared to 17 and 61, again if the monetization happens the expansion can happen at much faster pace.
Growth was majority driven by box-office number than expansion
Disclosure: Invested
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