Well look at that....PR!
MUMBAI, INDIA and JOHNS CREEK, GA--(Marketwired - Aug 10, 2016) - Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, e-governance and healthcare industries, announced that Robin Raina, its Chairman, CEO and President, rang the opening bell today at the Bombay Stock Exchange (BSE), underscoring the company's commitment to the expansion plans in the Indian market.
BSE Managing Director and CEO, Ashish Kumar Chauhan, welcomed Mr. Raina to the oldest stock exchange in Asia as Mr. Raina lit the welcome lamp and rang the opening bell to start trading.
The event acknowledges Ebix's commitment to invest in India and endorses the Company's vision of supporting the Indian government's efforts to deploy state of the art technology for the betterment of education and healthcare in the country. The ceremony was also an acknowledgement of Mr. Raina's philanthropic efforts over the last two decades to improve the lives of the underprivileged in India.
Speaking on this occasion Mr. Ashishkumar Chauhan, MD & CEO, BSE said, "It was a pleasure to host Mr. Robin Raina, Chairman & CEO Ebix Inc. along with Mr Rakesh Shukla, Member, Team Hon'ble Narendra Modi, Prime Minister of India for the opening bell at BSE. BSE is Asia's first stock exchange and now world's fastest exchange with the speed of 6 microseconds. BSE world's largest stock exchange in terms of numbers of companies listed and Ebix is a leading international supplier of On-Demand software and E-commerce services to the insurance, financial and healthcare industries."
Mr. Raina commented, "The expansion of Ebix's presence in India and the recent formation of two joint ventures with Indian companies illustrates our commitment to invest in India and be one of the leaders in the field of e-health, e-learning, e-governance and insurance. India is one of the fastest growing economies in the world, and it is important th
That would actually be great, esp if they were able to get a decision saying that terminally ill patients have a RIGHT to try whatever therapeutic drugs they want.
yep. market share is extremely important, which is why companies like Guidewire aren't making much profit on their impressively growing revenue, but the market recognizes the value that is covered up by spending on developing product and install base through an aggressive sales push to capture market share...
I agree. I was going to post something similar but have been busy. Surprised not much commentary on CC. The most interesting thing from the whole discussion on (partial) change of growth strategy is that RR said he was told by institutional investors that he can compromise on margins in order to achieve rapid growth. It sounds to me that institutional investors are begging him to go big and capture some enormous gains to be made. It's interesting also because I think it's clearly a very different and new perspective for RR, one that he is probably not entirely comfortable with yet. But, importantly, he has the clearly backing of institutional investors to make a go of it. And that's pretty exciting.
Don't know why they can't put the numbers out more quickly. A lot has happened with Ebix share price since July 31, so it's frustrating there's such a lag. But oh well.
Why do ppl keep posting about OMER on this board? Why not post about it on the OMER board?
I guess u r right about volume. I forget that EBIX is normally so thinly traded that 100k shares by noon isn't light trading for the stock.
Low-volume share price reduction today... My thoughts are 1) Earnings on Monday are gonna be pretty good in absolute terms, and in relative terms are gonna look very strong on YOY basis; 2) there may be some weakness right now on skepticism of PN bid, but RR is the guy to make it profitable, taking a company with much lower margins and extracting much greater margins, so load up on a price dip; 3) Indian rupee was strengthening last I saw, and strong dollar weakening a little bit will hopefully add to earnings in future quarters, if not yet this quarter. 4) I hope to hear more in earnings call about new(ish) business lines, cert mgt, international e-governance opportunities, healthcare, etc. all big growth opps. 5) rollout of more lines of insurance on PPL. 6) growth in the consulting business
Lots to be optimistic about, and earnings release and CC will be fun to listen to. On share price weakness today, I say, load up on more!
I must admit, I am curious to know where he went... Hope he didn't sell his enormous, well, no-longer-so-enormous stake at the very bottom... I hope he reappears some day and tells us what happened...
Yea sorry it's questionable to say that EBIX is low-balling when there is a market price 20% lower. And it's just absurd to say that EBIX is overvalued and will collapse and be bought by PN.
I agree re Robin being disciplined, of course, but just to clarify, Xchanging didn't get greedy, EBIX got outbid by CSC, which upped its initial offer and ultimately took over Xchanging.
This complaint applies to pretty much every government regulatory body. Politics, graft, self-interest infect public actions every bit as much as private actions, but at least there's the prospect of competition in the private sector. Not so with the government.
Perhaps some of the recent firming-up of EBIX share price has to do with weakening dollar outlook? I saw a headline re Indian rupee strengthening against dollar, and more importantly the weak jobs report means no June Fed rate hike and continued weakness means future rate hikes delayed. EBIX has in the past few years suffered millions of dollars of revenue from currency movements. Maybe now we'll finally be on the other side and benefit from them. Who knows...