Any guess why it’s revenue is down?
I was thinking that due to doMo, call center work will be more. But result is not proven that.
Is it of any concern that QoQ revenue is down or we can ignore it?
YoY Revenue is up. Profit YoY is also good.
Any guess why it’s revenue is down?
I was thinking that due to doMo, call center work will be more. But result is not proven that.
Is it of any concern that QoQ revenue is down or we can ignore it?
YoY Revenue is up. Profit YoY is also good.
I guess numbers are not bad. We need to see whether this is a one time thing or a trend. Standalone revenue looks decent and degrowth is on consol basis.
I am pretty new to IT sector but if you look at major IT companies, the results are analysed from a Q-o-Q perspective. For companies that have most exposure to other countries, focus is q-o-q growth in constant currency terms.
Coming to Allsec, maybe we can give it some more leeway since it is more of a turnaround story with cheap valuations and decision should not be based on just 1 quarter.
wont this company be impacted due to H1B visa restrictions?
If anyone can answer these questions -
What is the reason for de-growth in their consolidated revenue and pat on q o q basis? Pressure on foreign subsidiary operations due to INR depreciation?
Future plans to move on this higher yearly base i.e. where is next set of growth going to come from? New clients? Acquisitions? Plans to utilize cash? Dividends?
They are growing at tremendous pace on standalone basis. What is contributing towards this healthy growth? Is this sustainable?
How much MAT credit they are still left with? When are they going to start paying full tax? This will have a big impact on their PAT margins.
What are these 69 cr of current investments?
This is a very good story. But we need to assess whether this growth is sustainable. Stock is priced cheap without doubt at 7.9 trailing p/e. Discount cash and investments, it is even more cheaper.
Technically, stock has broken major support levels around 334-350. Head and shoulder target looks to be close to 260-275…with market at highs, and allsec stock being weak, it can fall more due to absence of any strong triggers in near term with overall market correction.
Found a few more clients for Allsec HRO -
Epsilon
https://www.allsechro.com/epsilon/Common/web_Signon.aspx
Is this Amazon?
https://www.allsechro.com/amazonlogin/Common/web_signon.aspx
Mondelez International -
https://www.allsechro.com/Payrollonline/SmartLogic/Contact.htm
Retreat Capital (probably Allsec has acquired this company back in 2011…not clear)
https://www.allsechro.com/Retreat/Common/web_Signon.aspx
Probably these clients have hired Allsec HRO just for their India offices …may be not. Not sure.
It would be great to have a follow up note on the previous discussion on the technicals as the prices seem to have corrected.
From what I understand, none of their employees are on H1B visas.
Thanks. And what about Trump’s backlash against outsourcing. As bulk of business is coming from USA. Will its US customers continue to outsource their processes to Allsec despite Trump’s attempts?
Not entirely sure, but they have a branch in Dallas as well. Maybe they are handling all American business in that office. Even if they are outsourcing these operations to India or Manila, I wonder how Trump would affect that.
Guys…anyone attending AGM on 10th Aug? Have a bunch of questions…
How are the results expected this time. With Dollor weakening and Trump’s impact impact on its margins?
Just posting a rough tech chart with support and resistance levels…still earning technicals, so correct me if i am wrong. Allsec, if breaks 336, could trigger a fresh rally, though trend reversal can only be confirmed if it breaches 350-360 and sustains. On the contrary, if it breaks sliding support line around 300-305, next support level is around 265-270.
That failed h&s that we were all excited about finally turned out to be a proper h&s just with two right shoulders. That setup the downtrend that allsec is in right now and its a solid one. However all trends end eventually and if the trend line gets breached and there are couple of higher lows above it then its would be a positive development
Notes from AGM
Three main segments of company:
BPO: offshore and domestic
Global HRO: Strong growth. increased our offering and added geographies.
AML:
About losses in past:
It was the customers that were facing problems in their businesses. The problems were never Allsec’s delivery.
2 major turning points:
About AML Business:
About Subsidiaries:
HRO Business:
On Attrition:
Others:
Hi All,
Interesting discussion…
Why the company has not declared any dividend so far even after turnaround ?
Even latest annual report says following words even after turnaround…Looks like below statement is Copy Paste from previous year annual report.
Dividend
The Board of Directors of your Company does not
recommend any dividend for the Financial Year 2016-
17 in view of the accumulated losses.
Thanks,
Vinaya
Disc : Not Invested yet
They are yet to makeover their loss from previous years. I hope if the good performance continues they can think of it this year.
Found a month old article on web about Allsec. No connection with today’s price surge.
Regards,
Raj
I have read the same news last year also. Seems to be more about marketing by the company than some development…