Big win for Iris, some people don't realise it. Just look at Dsonic and Malaysia population not even 30M.
ICAO compliant passport is the future, so many countries haven't migrated to ICAO compliant. Now India tech powerhouse is using Iris technology for their most sensitive documents.
Until the Fat Lady sings..I don't believe any of these talks. I prefer to look at the fundamentals of the company and see how they go about business. And I think IRIS is doing all the right things.
Say India project takes 3 yrs to complete Or 30mil revenue per year and cost of production is 50% or 15mil net profit. So profit every Qr is about 3.75mil. I think this reason price didn't move
Got nothing to do with fundamental, this just technical and market sentiment. 15M just first batch, currently India already has issued nearly 100M passport. If they migrate they will migrate in total. You can learn from Dsonic experience.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
blind3co
375 posts
Posted by blind3co > 2020-09-09 21:43 | Report Abuse
Will top up more..