i am surprised at how retail investors are still buying the stock.
Business model has broken down. Revenue is 1/4th losses.. and no hope of revival. still price is 88 and retail investors are buying !!
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I saw lot of optimists in the Q3 Concall, everybody is praising the management for their commendable job for degrowing revenue by 84% and posting 8cr loss.
Management promises of international deal closure is myth since the listing, how can we believe now until unless they come up with press release of deal closure.
Business recovery would take 3-5 quarters in between there could be some deep dip.
What a collapse in DFS from > 4000 Cr Mcap to ~340 Cr.
I feel that tunnel opening is very far with the current war situations as hope created by the management is to crack an international deal. All banks/ Card providers will keep this vendor change procedure aside till they fully recover from the war issues.
I hope there is no business model change or Order win by the company but stock is up by 18% as its pumped by loss booking on last FY and fresh buys in the today’s date. It seems that most of the newbies are still holding the stock and hoping for strong reversal till ATH levels, in my opinion it won’t happen even in 10 years as they are only have railway lounge biz in hand and earlier Libratha is very hesitant to speak much about this vertical as contribution from this is very low.
As there is no other vertical, now they are showing dreams in the con calls about this vertical but as per my calculations this vertical may not beat Airport lounge numbers even in the next 10 years.
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Q4 results: Losses widened further.
I am the only one to ask questions in the earnings call, which was concluded few minuites ago. In the earlier calls they were not given any oppurtunity for me but now there is no one to ask questions other than me.
Call summary: 15 mins of opening remarks, 10-15 mins allocated to me and call concluded in 30 min. There is no interest from any body.
FY27 they will not breakeven at EBITDA level, but FY28 could be possible. They onboarded some international clients, which boosted the global lounge transaction volumes grew 140% year-on-year.
Just keep in watch list to track numbers..
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