Hi All ,
Company is giving many investor presentations these days.Any idea/news that company is looking to raise capital through QIP ?
http://www.bseindia.com/corporates/anndet_new.aspx?newsid=4229cd1a-0cb9-42e1-bb29-7258cbe5e5c4
Thanks a lot.
Have noticed that as well. Not just 8K Miles, the others who are obsessed with investor presentations and meetings (Analysts or FPI) are Yes Bank, IBHFL. Invariably every day, they are meeting one analyst or the other.
Not sure about QIP.
Discl. Invested in all these stocks.
On differentiator what 8k miles says is their ability to manage EHR on the cloud…there are many regulations around this…their acquisitions are also useful here…they then say they will use this knowledge to get into financial services as well which is also highly regulated…
This has got to happen. Way too many companies which have unlisted subsidiaries accounting for over 70% of their business.
These analyst meetings are good. The company has now realised that they
need to go out and tell their story to the world and explain the
opportunity size they are serving at. Otherwise, the world is not too keen
on them if they just sit at Chennai and keep doing their job…If they
continue doing that, for the analyst world, 8K do not exist and will never
come in their radar…
I remember Suresh Venkatachari talking about listing in the US. Maybe this is the prelude to that? I strongly think this might be the case.
Disclosure: Trimmed my holding in 8k Miles after the recent run up. Still hold 3% worth allocation.
1 Like
I have removed 8k miles.
I would like to see Dividend or growth story sustained.
I think there is not much entry barrier for services in AWS, Google cloud, MS infra.
People are moving to DIY mode so i highly doubt continuous growth for them. If they claim to be expert service provider then still they have to face competition.
Hi @max_payne, Welcome to the forum. Please clarify what do you mean by “removed”. You exited the stock? Fair enough.
Not sure you read the entire thread or this is something one can DIY. Agree that there is no moat for 8K, however, they are continuously growing organically or otherwise, adding to their skill set. Much of their activities and financials are well “dissected” here in this thread.
In the meanwhile, they had been extremely busy engaging investors/analysts world over, for the past month.
Would wait and see the Q2 results on 1st Dec for the next move.
1 Like
Yes, I am also waiting for this Quarter results on 1st Dec to decide the next course of action.
The price has shot up significantly. I am not sure if this is the result of some institutional buyers buying this stock after their meeting with management.
Yes I meant that i have removed.
Waiting for Q2 is option, but i thought its better to exit that one.
They definitely don’t have moat, as DIY is becoming easy with AWS, Google, MS etc.
Results:
http://www.bseindia.com/xml-data/corpfiling/AttachLive/4c2fcfef-957e-4d65-a2aa-fba922b56bc5.pdf
4 Likes
Hi,
Thanks for sharing your views.
- Though cloud can be DIY for a person with hacker mindset, enterprises are still comfortable working with players who have experience and did prior deployments.
- I agree with the recurring revenue model part and they seem to be working in that direction.
- Cloud adoption is still at nascent stage and there is good growth as you can notice from below
Source: https://www.forbes.com/sites/louiscolumbus/2017/04/29/roundup-of-cloud-computing-forecasts-2017/#2850735d31e8
2 Likes
Earnings Conference Call today (4-Dec-2017) on 11:00 AM IST by company. This is the first time company is holding conference call (other details/dial-in etc in the bse announcement below).
http://www.bseindia.com/xml-data/corpfiling/AttachHis/77528008-773a-48e6-ae2f-821870d3469b.pdf
2 Likes
Chairman Suresh to Bloomberg Quint today:
2 Likes
There are other big companies in the cloud business in the US. One such company is Rubrik and they are planning to go public soon. Rubrik was founded in 2014 by Arvind Nithrakashyap, Soham Mazumdar, Bipul Sinha and Arvind Jain. Palo Alto-based Rubrik is a Billion Dollar Unicorn club member in the industry.
Rubrik’s Financials
Rubrik remains privately held and does not disclose its financials. Reports suggest that Rubrik was operating at a revenue run rate of $100 million by the start of the year. It has been venture funded so far with $292 million from investors including Greylock Partners, Institutional Venture Partners, Khosla Ventures and Lightspeed Venture Partners. Its last round of funding was held in April this year when it raised $180 million at a valuation of $1.3 billion. An earlier round held in August last year had valued the company at $600 million. Many believe that the company is now gearing up to go public.
See below a link for their IPO news.
http://www.sramanamitra.com/2017/08/21/billion-dollar-unicorns-rubrik-gears-up-to-go-public/
3 Likes
Apart from Rubrik, there is an Indian company called Druva also into cloud business and they seem to be well known in the industry. They are compared with Rubrik in the above IPO link.
Rubrik is not alone in the market though. It has a big list of competitors including established names like Symantec and IBM. Additionally, there are other Unicorn start-ups like Druva and Actifio. Actifio had earned revenues of $40 million in 2014 and was valued at $1.1 billion in a funding round held in 2014. India’s SaaS offering of Druva is also doing remarkably well. With revenues expected to be nearly $150 million, Druva could become India’s first legitimate SaaS product Unicorn. Rubrik claims that its ability to scale its appliance rapidly by allowing companies to drop more Rubrik appliances into their data center while its software automatically tethers the appliances together, makes it stand out in the crowd.
Rubrik recently hired 3 students from IIT - Kanpur.
IIT Kanpur students have got eight US offers — four from Microsoft, three from cloud data management company Rubrik and one from Uber.
Read more at:
//economictimes.indiatimes.com/articleshow/61922778.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
See below link about Rubrik.
In Gartner website, 8K Miles is not mentioned for their review which includes different cloud businesses, whereas Rubrik, Druva, etc are mentioned along with the major players like IBM, TCS, Wirpo, etc. Companies involved in different markets can be seen when mouse is moved over each market…
Other companies in cloud businesses are
https://www.forbes.com/sites/alexkonrad/2017/07/11/cloud-100-hottest-companies-of-2017/#9a4c69330281
A Cisco company