TSN - running atm machines in india

[NZSilver]

Hi,

There seemed to be no Thread for this stock..

Just looking over this stock - TSN:ASX.

Basically owns, runs and gains fees from ATM machines in India.

"It is estimated the majority of India's 650,000 villages do not currently have a bank branch"
"only 3.5/10 Indians have access to formal banking services"

There has been a push from the Indian government to install ATM machines in every bank.

Could be a good growth story.

Micro Cap (14 million), shares trading 0.8 c to 1.4 c.

Would be interested on others thoughts.

[Dej]

Whats the cause for the recent rise in SP given the downward trend Over the past year?

Im intereted, this is one thing that a growing economy will always need more of as time goes on. Really depends on capability of gaining more market share, pressuming the big banks will operate their own atms. Would be great to see large banks contracting to them instead.

Any morr information frOm you relating these issues NZSilver?

[NZSilver]

Hi Dej, sorry for the late reply.Yeh it seems banks are contracting them to install ATMs which they then run. Obviously there must be risks and plenty politics (and possibly corruption) dealing in this country. However they seem to be making progress with signing deals to install ATMs. Here is a recent operations update which may shed more light.http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01472203

[Dej]

Hi Dej, sorry for the late reply.Yeh it seems banks are contracting them to install ATMs which they then run. Obviously there must be risks and plenty politics (and possibly corruption) dealing in this country. However they seem to be making progress with signing deals to install ATMs. Here is a recent operations update which may shed more light.http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=01472203

Do you have a holding NZSilver?

Seems that there is a sniff of news out there that a big contract could come through either later this year or early next year. May try take a holding on Monday.

If they get a decent contract for 1000+ ATMS the SP will double IMHO and thats just the beginning.

As always though, DYOR.

[Dej]

Still in in NZ Silver?

Price has gone stagnant over the last few days with low volume. Seems someone is unloading at 0.7 as whenever it gets fully chewed away (over a few days) it gets refilled.

Still waiting for an Announcement re: HFDC atm contract and mobile banking, will be a go-er if anything substantial comes through.

Seems to be some very optimistic people on HC, but that forum is full of down/up rampers.

[NZSilver]

Hi Dej, yes a very small holding. Might pick up a few more. Haven't been following them to
much. Yourself?