Stephen_Spencer
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- Joined
- May 2017
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Agreed PB - If you look at the figures included here. TVS is a publically listed company though, so have all of those associated obligations.And you really think a couple of hundred million pounds is a lot of money to these guys ......peanuts.!!
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I remember mention of an initial 10 year Norton/TVS plan. Immediate, unqualified success is not gonna happen of course, but in the medium term Norton will need to show signs of growth (or clear potential for it) I think.
TVS is a volume company, as are all of the top Indian companies - it’s how they got so big of course. Don’t see Norton moving into ‘the black’ for a number of years yet though. The 10 year point? Who knows!
On the face of it though, the acquisition of Norton (and access to the UK via the UK/India free trade agreement) was a rolled gold bargain! And certainly great news for Norton enthusiasts - as long as we’re willing to look beyond 1974 that is.