PC Podcast & May ROADSHOW, page-280

A couple of things - What research have you done to validate that they are unique, that they dont have competition and that others are not doing this, here in Australia and or Overseas. It is not for me to tell you everything and do your research for you. Back End processing is not new and has been around for years. Their version may have some subtle differences and advantages but IMO their success is primarily based on Economies of Scales. How long this remains a competitive edge is anyones guess.

In the Tech world and Publically Listed world there are 2 places to be
1 - First To Market OR
2 - Best in the Market

The major banks have been using offshore processing for a while, NAB and ANZ do this already, what they are looking at is cost reduction which is good for their bottom line. Once they find that the products are now no longer being skewed towards their banks they will either request this or change back.

The reason why the next 2 announcements IMO will make or break as they are likely to be the ones that either show success of support or failure of trials by certain companies.

IMO if Sentry come back and say thanks buy no thanks, NAB say they are out, other players dont commit or there is no significant change the price will likely tank and depending on these results it could easily halve.

On the plus side, if it goes well then this could seriously send this company North in a huge way. The biggest Issues if it all goes well with be how they manage growth and if they can manage it as the uptake may be very demanding depending on the group.

Again as mentioned before a lot of the large banks and institutions have all sorts of proprietary software that performs all sorts of stuff, its just not for public access and is very expensive for them. X Plan is just one of the many licensed software that others can use to manage and do this back end and offer it as a service.

Yes I have a foot in both camps but at this stage I think you need to. IMO if you got in below the current SP then well done and you can afford to wait. If you are not in or have previously like myself and sold and make some profit along the way then I think its a matter of waiting to see the out come. Yes I may miss some up thrust but I also miss the downside risk.

I am happy to say that I may see it different as I see it through eyes that have been involved in this industry, this could be to my detriment (who knows) Time will tell.

ALL IMO and DYOR

Hank