Subex Shares Recover From All-Time Low

By Eric Priezkalns 21 May 2013

As we wait for Subex’s annual results, due soon, the Indian vendor has experienced a slight improvement in its share price. At Monday’s market close, Subex shares were priced at INR9.75 on the NSE. This was up from the all-time lows experienced over the previous month, which saw Subex shares bumping along at barely over INR9. To put this into context, Subex’s 52-week high is INR27.3, the share options of CEO Surjeet Singh have an exercise price of INR13.5, and Subex is underperforming the rest of the market. With the share price so low, there may be some speculation about potential buyers. However, weak annual results would undermine the prospect of a takeover. Low or nil profits, and poor cashflows, will continue to undermine the market cap value, which is currently USD28M.

Eric Priezkalns

Eric is the Editor of Commsrisk. Look here for more about the history of Commsrisk and the role played by Eric.

Eric is also the Chief Executive of the Risk & Assurance Group (RAG), a global association of professionals working in risk management and business assurance for communications providers.

Previously Eric was Director of Risk Management for Qatar Telecom and he has worked with Cable & Wireless, T‑Mobile, Sky, Worldcom and other telcos. He was lead author of Revenue Assurance: Expert Opinions for Communications Providers, published by CRC Press. He is a qualified chartered accountant, with degrees in information systems, and in mathematics and philosophy.