INDIA3 Nov 2021 11:55
I had a slower read of the prospectus this morning . I had missed the bit where India is mentioned ,and the fact that there is a pilot starting . More importantly the addressable market is given . ONEstate could yield EBITDA of 15m . So I googled India states and found the below . It will take a year for the pilot and then two years to implement ,but it is a big prize .
28 States
At Present India now has 28 States and 8 Union Territories. The erstwhile state of Jammu and Kashmir has been bifurcated into two Union Territories (UT) of J&K and Ladakh. The newly formed union territories have been formed under a reorganization act passed by the Parliament on 5-6 August 2020.
"One of the emerging and potentially significant revenue opportunities for Feedback is delivery of rural imaging screening services for TB in India. TB is diagnosed using chest X-rays and often occurs in remote settings, such as throughout India where there are approximately 2.6 million new cases of TB per year. Using the proceeds of the Fundraising, the Company is planning to undertake a pilot scheme within one site, an initial state in India, likely to be Rajasthan (but potentially an alternative state), which is expected to take c.12 months to complete. From this pilot scheme, the Directors estimate that there could be an approximate 2-year pathway to reach peak sales with the aim of reaching the entire rural population of this state over a 5-year repeating cycle (which would require 20% of this population to be screened per year on average). Subject to partnerships and success of the roll out, for illustrative purposes the Director's believe that there is potential to achieve an anticipated incremental EBITDA margin of approximately 80% (pre head office overhead allocation) and, generate around £15 million of revenue per year for Rajasthan (and each additional area of India, depending on the size of the population)."
I am holding........... I have too many so not adding- 900,000 for the record. below water ,but patient..... cheers all