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Tellza Communications (TSE:TEL)
One canadian blogger I really love to follow is Saj Karsan. I personally do not like all his ideas, but some of them gave me good hints about great companies. He is now a Seeking Alpha blogger (I assume he wanted to monetize his blog) and published a great article on Tellza lately. Following my lecture of his article, I've put TEL in my "Must do a due diligence" list of stocks and finally had the time to look into it this morning.
I propose you read his article here. He makes a good wrap up of the valuation and the businesses. I don't have much more to add has Saj Karsan did a great job. The only thing is, since his article, Tellza bought a competitor (Matchcom) accretive 500k to profits immediately. I do not know the price of the 5M shares issued but at 0.15$/share + the 585k cash, it is an acquisition at a P/E less than 3! What a great job.
Anyhow, you got a 60% head-start discount and many new business opportunities given in for free.
It is a head I win, Tail I win way more situation. The kind I really love.
Disclosure : I own shares of TEL.
Réponses
Que pense tu de l'avantage concurrentiel procuré par leur software? Il me semble facilement réplicable par les concurrents.
Et quel est ton point de vue sur la diversification des activités de l'entreprise vers le status de MVNO aux usa ? Ne pense tu pas qu'ils s'éloignent de leur domaine de compétence ?
Oui je trouve que leur mvno semble s'eloigné de leur centre de compétence mais ils veulent y aller intelligemment par le biais du prépayé seulement (leur core business étant d'acheter des minutes à rabais et les revendre). Ça leur donnera du cash up front et les minutes coûteront trois fois rien.
J'espère juste qu'ils ne brûleront pas leur cash là-dedans. De toute façon ils doivent attendre l'autorisation du gouv américain avant de pouvoir débuter cette business.
Alors je la considère à 0.
2014 Represents Tellza’s Third Consecutive Year of Profitability Tellza Revenue Up 56% to $243 Million USD
TORONTO, ONTARIO--(Marketwired – March 25, 2015) - Tellza Communications Inc. ("Tellza") (TSX:TEL) announced today its audited financial results for 2014.
2014 represents Tellza’s third consecutive year of profitability. Revenue for 2014 was $243 Million USD compared to $155 Million USD in 2013, representing year over year growth of 56%.
The Company’s cash position at December 31, 2014 was $6.5 Million, or $0.04/share of cash, compared to $3.0 Million, or $0.02/share, in 2013. In 2014, Tellza also expanded availability under its senior debt facility to $5.0 Million from $3.5 Million in 2013. The Company had no borrowings under its senior debt facility at each of December 31, 2014 and 2013.
Tellza has acquired and cancelled 26 million shares or 15% of its outstanding shares over the last three years. Management considers this purchase and cancellation to be a benefit to shareholders as if the Company had issued, in each of the past three years, a 5% tax-free stock dividend on its common shares. Tellza will continue to acquire and cancel shares as long as shares remain available for acquisition at favorable pricing. In 2014, Tellza retired 10.5 million common shares, 8.5 million common shares in 2013 and 7.5 million common shares in 2012.
Read more: http://www.benzinga.com/pressreleases/15/06/m5635229/tellza-technologies-signs-a-licensing-deal-to-deploy-console-and-voip-n#ixzz3eZUhveyL