Discover and read the best of Twitter Threads about #MASAB
Most recents (4)
$SHVA.TA Problems in Paradise - Part II. Q1 Report quietly slipped to the market after the weekend market close - a never promising sign. As said earlier, this very special business is facing some significant issues for investors.
The 18.7% growth in Card transactions and 6% in ATM were strong as Israel shakes off the Covid related restrictions but only resulted in 5.5% Revenue growth as the big contribution of terminals Revenues is now past us.
The main difficulty ahead for the new management team is finding where growth should come from. Investors misjudged management's reluctance to adjust rates even to inflation or the time and cost it would take them. They will eventually get there. who knows when.
$SHVA.TA State of the Union or “Trouble in Paradise”. Thread.
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$SHVA.TA, Israel Card Network, is undoubtedly one of - if not THE - best business in Israel for reasons followers will already be familiar with.
2021 FY results blew the ball out of the park and illustrated what a great business looks like.
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2021 FY results blew the ball out of the park and illustrated what a great business looks like.
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Looking forward, what are the challenges facing the business, what is the strategy, and what should we expect as shareholders?
$SHVA.TA informed us they filed for approval to fully separate from #MASAB.
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$SHVA.TA informed us they filed for approval to fully separate from #MASAB.
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$SHVA.TA 1Q21 result for a Covid restrictions TL;DR: EMV POS recurring revs generate strong Rev growth in spite of a slight decrease in transaction numbers (q/q), Despite continued investments, profit surges. Now, what happens with a fully functioning economy? ...1
Q Card Debit actions ⬇️ by 1M (396/397), ATM 25,767/26,569). However, the transition to higher monthly priced EMV POS generated Q 26,547KNIS (21,188) ⬆️ 25%.
Op expenses 14,928 (12,461) ⬆️ 19.7% on personnel employed to execute strategic plan + some professional services ...2
Op expenses 14,928 (12,461) ⬆️ 19.7% on personnel employed to execute strategic plan + some professional services ...2
Operating profit (what really matters here) 11,619 (8,727) ⬆️ 33% in spite of reinvestments. (43% of Revs).
What does it mean? Well, $SHVA.TA never stops working as the most important merchants transactions infra. POS upgrade not done yet, expect more lift. ...3
What does it mean? Well, $SHVA.TA never stops working as the most important merchants transactions infra. POS upgrade not done yet, expect more lift. ...3
Pro $SHVA.TA thread. What is #MASAB? Hebrew Acronym for 'Bank Clearing Center'. This is the firm that operates all bank to bank wires in Israel. Founded in 1982 by the same banks that founded $SHVA.TA and operated as one business unit until $SHVA.TA's demutualization in 2019 >
#MASAB is the backbone of all Banking transactions in Israel. Think SWIFT. Private co-owned today by the leading banks in Israel (25%: Hapoalim, Leumi, Discount and 12.5%: Mizrachi, Tfahot, benleumi). Its estimated Revs are ~ 46 M NIS, with ~ 8-9M NIS net profit. >>
Like $SHVA.TA, #MASAB is a critical financial Infra, and needs to operate on the safe, hardened facilities. Imagine even one morning in which you could not wire funds from your account due to a hacker attack or just malfunction. Now think about the costs associated. >>
