Firstly the disclosure - holding from lower level - 5% of pf
I would supplement few observations:
- The company has successfully made a turnaround on the back of new strategy of m-messaging.
- Company has spent large capex over last 4 years in creating infrastructure to support the new strategy
- The capex spent cycle is complete, so no further capex need immediately.
- The company never gave guidance on quantum of revenue it may add from the capex?
- 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?
- It is zero debt, cash surplus company. History indicate that the Management is not debt savvy. A good indicator.
- m-payment has not grown while management continues to focus on that space.
- The company is already market leader in India in m-messaging and is aiming to further grow its share.
- 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.
- All in all it is a very interesting play at very reasonable valuations at present. The real growth is yet to come!
Thanks