The attraction??....Plenty!!
So much has been repeated on the ICP posts but here it is in short:
-There are a total of 24,000 ATMs in all of Australia.
-ICP intend to have more than that alone in China by 2009.
-China is the world's largest ATM cardholder marketplace.
-China provides a much greater per transaction profit to providers as opposed to Oz.
-They have patented technology that US & European ATM manufacturers are itching to get ahold of..
-They have a major shareholding in Korean ATM manufacturer Neotek.
-They have infrastructure support from multi-nat LG-sys.
-At current sp you are getting it a 20% premium to a lot of insiders/mates etc...
-Other fundamentals include: zero debt...no exposure to the current meltdown.....
Anyway, so much more to write about this company......I have been quiet for a while now...enjoying the xmas period break without doing any trading....just holding long on ICP & TMR for the moment....
Things to happen very soon!! Watch this space..
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