Firstly the disclosure – holding from lower level – 5% of pf
I would supplement few observations:
1. The company has successfully made a turnaround on the back of new strategy of m-messaging.
2. Company has spent large capex over last 4 years in creating infrastructure to support the new strategy
2. The capex spent cycle is complete, so no further capex need immediately.
3. The company never gave guidance on quantum of revenue it may add from the capex?
4. Revenue from overseas Capex spent is at least 2-3 quarter late? Now that the Singapore center is finally operational in Oct-15- more important thing is how much of the revenue materializes now in Q3?
5. It is zero debt, cash surplus company. History indicate that the Management is not debt savvy. A good indicator.
6. m-payment has not grown while management continues to focus on that space.
7. The company is already market leader in India in m-messaging and is aiming to further grow its share.
8. m-messaging seem to have significant growth potential at least for 2 years. Must be on watch for emergence of any disruptive technology to this model.
8. All in all it is a very interesting play at very reasonable valuations at present. The real growth is yet to come!
Thanks
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