Why i keep faith in Banro.
After the announcement of the Q2 2015 Financial Results i have to proof my checklist to re-evaluate my investment here and i came to following result:
Nothing had changed and so i am still confident that BAA will pay out big.
Does Banro still make profits? - Yes
Is Banro still a low-cost miner? - Yes
Is Banro still undervalued ? - Yes ( after today even more)
Is Banro capable of handling the debt? - Yes
Is Banro already reducing the debt? - Yes ( around 20 % just reduced, which is really strong)
Will Banro increase profits this year? - Yes (Namoya coming this year)
So in the end its is just a matter of time.
All the flippers, who where in here now and hoping for a fast jump up after the results are getting out now while investors are staying.
The 50 mill impairment was a suprise, which influences the eps + pps to the downside.
But a 20 % debt reduction is also a surprise which should influence to the upside soon again, as more investors realize that this company takes care for their responsibilty to their shareholders.
And the record revenues has also its weight which is not yet shown at the pps.
It is even so, that new record revenues in Q3 and Q4 are meanwhile expected by me - that will be the time when all the flippers will come back.
Banro is a healthy company with a smart management, which is forming the basement for impressive gains in the future.
All in all i am not a bit worried about my investment here - just a bit dissapointed about the shareprice atm.
So we have to wait for Q3 and Namoya and that is what i will do.
Thx for ur time reading this and good luck to you all.