This is my personal opinion:
In software development we have a rule - 3T - Things Take Time - No matter how far RAD's (Rapid Application Development systems) are used and good customer analysis are done to create real running systems, the implementation with necessary amendments take as long or longer that the initial production phase.
I did some checking through old acquaintances of mine, and found that Daimler Chrysler out in Singapore had such delays as mentioned above. They have now the whole span of products for automotive financing, from application to full administration delivered from Netsol. There is a lot of technical background needed to understand it all - I do humbly have quite a bit of that, and in my personal opinion Netsol really has a good chance of bringing a full system to the world market. Translatable too - e.g. Tung Yang Leasing in Taiwan has their version too, running both "Simple Chinese" and English at the click of the mouse.
Netsol really has a fair chance of becoming the first worldwide supplier of this!!
Add their chance of establishing the SW-factory in PK. -
As initial target to have 300 people bring in 100-150K$ each a year at a direct cost of less than 20% is a basis for growth. - I'm not saying it is a piece of cake - It is definitely a huge challenge to take on - not a thing that will be happening overnight. Yet, Netsol has good customer connections to support a move forward there.
Revenues of 30 to 45MM$ would mean profitability IMO.
In case the Ghauris win the battle, I'd say they had a huge experience here, helping them to obtain better advise and improved international understanding, and I'd expect to see a viable mission statement soon.
Facts are that they have the systems above running - plus the ones in Australia, of which the Volvo system may be customisable to other branches e.g. agricultural leasing.
Speculation is whether the above will be sufficient to build the business.
My opinion is that there is certainly a fair chance.
Any connection to NTWK stock of course provided that the old management win the battle. In case they don't NTWK is a totally different company.
JMHO
Kr
Jens
