Absolutely. Not that I'm not open to criticism. But directors wages need to be considered properly, as hard as it is for basic salary earners to accept such large figures. Such are the hard facts of listed companies.
The specific investments AIY have made are much more worthy of proper discussion. I stated looking into AIM last year when this stock first caught my eye in Freehold's monthly risers posting. But it didn't attract any HC attention. It still doesn't, which I have no problem with as I havn't finished accumulating. But it still does need support by us punters.
AIM are the real deal in their Asian publication industry. Their recent partnership with Ambient for the sake of launching Chine Elite is a massive move. Together, these two make a formidable team in this area, and they have cottoned onto a massive opening in the Chinese travel market. They did this because it is in their field, and they knew that it was there for the taking. They then developed Elite to conquer it, and the first hours of launch showed that they were right.
They are industry insiders who could see what needed to be done to fix the problem of agents not being able to extend on the booking process for customers into further fields. Like many Asians, the Chinese like to book all their travel activities up front, and this was being a very large missed opportunity. Elite has now captured pretty much that entire massive market that is growing 8%/year. So about 300M customers by this years end, spending the largest value of outbound tourists in the word of any one nation.
We are going to see a fantastic start to this program in the next Q. I can't see it any other way.
AIY Price at posting:
8.5¢ Sentiment: Buy Disclosure: Held