Of course not. Where did I mention that. I understand the bull thesis, Azim premji’s investment, partnership with msoft, having major banks as client, international expansion, having voda as a client, cpaas 25% growth, high ocf conversion etc etc.
All I’m saying is red flags exist, haven’t called biz a fraud at all. Cg issues exist, past record isn’t clean, political affiliations exist. Price action shows a graver story than just poor biz performance(this is however subject to change, so you may disregard this one), my impression of the promoter fell after forbes article(which I maintain seems to have been written for a reason, again I might be wrong). All I’m saying is as shareholders of Tanla, these are points to keep in mind.
Who knows I might be dead wrong and they truly have turned around and are cleaner than before. Mentioning the bank accounts where cash is held doesnt mean its all clean and rosy, CG is just a parallel narrative to keep in mind along with biz itself.
Its a bit late and I won’t attach the chart(excuse my laziness) but the chart has been painting a bleak picture since a while(when I exited breakeven at 1377 or so). 2 high volume 20% drops are usually indicative of more than just poor biz performance for a quarter(again make of technicals what you will, fundas > technicals).
Inserting excerpts of the article.
Hyderabad-based Tanla Platforms, a CPaaS (Communications Platform as a Service) company, offers wireless data services for mobile messaging. It saw its shares double during a spectacular rally on the bourses last year. In fact, since March 2014, its share price has grown a staggering 38,000 percent, which means that an investment of ₹1 lakh in the company, would have grown to ₹3.8 crore in eight years.
Last statement makes it sound like some sort of clickbait livemint article. But forget it, let’s give the benfit of doubt and say that since Tanlas rise was of such magnitude, that they felt it was worth mentioning what a 1 lk investment grew into.
“I was very clear from day one that I wanted to be in business,” says Reddy from his Hyderabad office that is lined with numerous autobiographies and self-help books. Reddy wakes up at 4 am and spends about half an hour in bed to talk to himself, find solutions to problems, and even find new challenges to solve. He’s a teetotaller, spends nearly two hours at the gym, abstains from eating non-vegetarian food and is often in bed by 8 pm. “My best friend is a clerk at a bank,” he adds. “I don’t socialise… I spend much of my time on building the business. I am here for the long haul.”
Also sounds like it is to make him look like a humble promoter. Which, as I mention time and time again might be true, but the tone made me personally uncomfortable. Up for interpretation of course, all I’m mentioning is that this should be kept in mind.
Rest of article also delves into a somewhat inspiring story of building Tanla, I personally did not make out the tonality to be sincere.
Again I might be wrong but regardless one should track this side too. Again, not saying biz is fraud our worthless, not saying what Tanla achieved is not admirable.
Excuse my ignorance if I took up too much of the thread into this side.
Disc - not invested since a while.
