SelectCore Ltd., together with its subsidiaries, provides transaction processing and point-of-sale electronic distribution solutions for the prepaid telecom and financial services markets in the United States and Canada. The company through, its PrepaidONE platform and retail network, offers wireless top-up cards, stored-value cards, and a suite of prepaid products and services to credit-challenged and unbanked consumers. SelectCore also provides its proprietary Iridium Prepaid MasterCard, a prepaid open-loop stored value card, as well as ReCash Vouchers for reloading prepaid cards. In addition, it offers wholesale services and private-label programs for the prepaid telecom and financial markets, as well as customizable private-label and licensing solutions for its PrepaidONE point of sale platform. Further, the company's wholesale services include transaction processing, point of sale activation, long distance switching and termination, IVR applications, SMS applications, merchant and end-user support, open-loop stored-value cards, long distance phone cards, home phone and Internet, custom platform development, program management, distribution and fulfillment, billing and ACH, and marketing support services. It offers its solutions to retailers, distributors, independent sale organizations, and telecom providers. The company was founded in 1999 and is based in Toronto, Canada.
Numbers
Market Cap 23M CAD
Sales 94M CAD (increase from 25M CAD in 2005, every year increase since inception)
Quarterly Revenue Growth -30% ( that's why stock is cheaper by 60% from the top but still up 400% from the low, we are talking here about micro cap where valuations are not easy to measure, what's important here is bad news for the economy are good news for SelectCore as they serve unbanked customers and we will see more of them in the coming decade )
EBITDA 1.4M CAD (very positive here is that company lost only about 12M CAD from 2004 in EBITDA which is very small amount for a start up company, it means they are in the growing market, increasing their share)
Cash 3M CAD
LT Debt 3.6M CAD (after recently completed financing debt will rise by 5M CAD, read full release www.selectcore.com/2011_09_06.html ; this is not so bullish for the stock in a short term but if they can increase sales then stock will rocket as this is not a huge amount once they show profit, also biggest part of debt 10,000,000 can be converted to stock at 0.30CAD, so as I say it all depends on sales in the end)
Assets 12M CAD
Liabilities 17M CAD (also liabilities are only slightly higher than assets, with turbo sales X4 bigger than market cap this is not a problem)
Employees 10 (not much expenses here, more left to shareholders)
Shares Outstanding 115,000,000 (increase from 75,000,000 in 2005 which is very conservative considering sales grew by 400% since then)
Float 79,000,000
Major Investors:
Mavrix Fund Management, Inc. own 11,400,000
Resume: This is a typical turnaround investment, if you see it like this. You decide.
Key Market Stats
•An estimated 80 million American and Canadians are un-banked or credit-challenged
•The prepaid telecommunications industry is expected to double in size to $30 billion by 2013
•Approximately 60 million prepaid wireless subscribers in Canada and USA and 400 million worldwide.
•Prepaid wireless is the fastest growing subscriber segment in North America
•Prepaid subscriptions in grew 68% year over year in 2010 while postpaid subscriptions only grew 3%
•Prepaid stored-value cards is the fastest growing financial product category in North America
•Prepaid stored-value card transactions totaled $165 billion in 2010 and will grow to $400B by 2013
•Prepaid is quickly becoming an attractive alternative to main-stream consumers
•Prepaid is a destination product driving nearly a half billion retail visits annually.
Numbers
Market Cap 23M CAD
Sales 94M CAD (increase from 25M CAD in 2005, every year increase since inception)
Quarterly Revenue Growth -30% ( that's why stock is cheaper by 60% from the top but still up 400% from the low, we are talking here about micro cap where valuations are not easy to measure, what's important here is bad news for the economy are good news for SelectCore as they serve unbanked customers and we will see more of them in the coming decade )
EBITDA 1.4M CAD (very positive here is that company lost only about 12M CAD from 2004 in EBITDA which is very small amount for a start up company, it means they are in the growing market, increasing their share)
Cash 3M CAD
LT Debt 3.6M CAD (after recently completed financing debt will rise by 5M CAD, read full release www.selectcore.com/2011_09_06.html ; this is not so bullish for the stock in a short term but if they can increase sales then stock will rocket as this is not a huge amount once they show profit, also biggest part of debt 10,000,000 can be converted to stock at 0.30CAD, so as I say it all depends on sales in the end)
Assets 12M CAD
Liabilities 17M CAD (also liabilities are only slightly higher than assets, with turbo sales X4 bigger than market cap this is not a problem)
Employees 10 (not much expenses here, more left to shareholders)
Shares Outstanding 115,000,000 (increase from 75,000,000 in 2005 which is very conservative considering sales grew by 400% since then)
Float 79,000,000
Major Investors:
Mavrix Fund Management, Inc. own 11,400,000
Resume: This is a typical turnaround investment, if you see it like this. You decide.
Key Market Stats
•An estimated 80 million American and Canadians are un-banked or credit-challenged
•The prepaid telecommunications industry is expected to double in size to $30 billion by 2013
•Approximately 60 million prepaid wireless subscribers in Canada and USA and 400 million worldwide.
•Prepaid wireless is the fastest growing subscriber segment in North America
•Prepaid subscriptions in grew 68% year over year in 2010 while postpaid subscriptions only grew 3%
•Prepaid stored-value cards is the fastest growing financial product category in North America
•Prepaid stored-value card transactions totaled $165 billion in 2010 and will grow to $400B by 2013
•Prepaid is quickly becoming an attractive alternative to main-stream consumers
•Prepaid is a destination product driving nearly a half billion retail visits annually.
