VOR – Vortiv Limited | Aussie Stock Forums

This story is of major interest to me. I found this company a while back and have kept in touch with their announcements. I have also purchased some shares in this company (my own disclosure). TSI code (tsn on the asx) basically puts in ATMs for the Indian banks in India- they almost act like an ATM outsource firm for the banks and they get paid by the banksprimarily on a per transaction basis.

Up till now they have secured contracts with Punjab National Bank, Tamilnad Mercantile Bank and HDFC Bank. They had 525 ATMs fully operational and had ATM contracts to come with HDFC and Tamilnad, from my understanding they are putting in another 100 machines for HDFC and 100 for Tamilnad which should take them to 725 machines soon.

I like the fact that this company has a scaleable business, that is the more contracts they win, the more machines they put in place, the more transactions they get and the more revenue is generated. I also like the fact that they are in India. India has a massive population with an increasing middle class. The stock last traded at 1.3cents.

Disclosure: I am a shareholder in this company. I am not a financial advisor and I am not making any recommendation in relation to this or any stock nor should you depend on the contents of my post in relation to making any investment. If you want to make an investment please do your own research or consult a qualified professional before proceeding. You should always be responsible for your own investment decision.