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$1.07 southern cross payments ltd

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bagavond

975 Posts.

43

19/07/17

15:26

Post #: 25960266
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Originally posted by tradealot ↑

Hi bagavond

It's a good thought about the performance rights. Would be nice not have an extra 336 million shares added to the register that for sure.

However, we carn't have it both ways. Revenue equals a sp rerate, and if that means the performance rights are hit, then that fine in my books. I don't want to wait another 12 months for the sp to start heading north.

There's no stopping revenue momentum now it started in earnest. The company has plenty of time to hit their preformance targets with a 30-06-18 expiry. I reacon they'll hit the whole 3 performances targets easily. They only need 5 million revenue in either periods 1-7-17 to 30-12-17 or 1-1-18 to 30-6-18 and they get the lot.

Isx will be making that much money in the forseeable future, that we'll hardly notice the effect the preformance shares have on the sp anyway. The company will then control around 70% of the share register once these performance milestones are met.

Cheers
Tradealot

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thanks Tradie for your response I just find the amount of shares against the earnings a bit excessive . I would really like to know who why and what is going on with this trading the last few days . At least there is the buyer-s to support seller-s cheers

ISX Price at posting: 18.0¢ Sentiment: Buy Disclosure: Held
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