co announcement 18/06/09, page-3

Hi Lukentel,

Just notice transactions levels overall only down 12-15 % not one third. Great report....read carefully....they can retire ALL DEBT in the short term if they choose....AND.....talking to banks and credit unions re setting up & operating thier ATM networks. ORD MIN report speculated industy consolidation may take place...would love to see CUS gobble up CASH CARD. Now REV = No. of machines x transactions x av fee per tansactions...all very predicatble. Costs are predicatable as well. What I love about CUS is the profit of 30 cps that ORD MIN predicts for FY 2010 is not a guess it's what is going to happen. And that does'nt even include any increase in the $2 DC charge...NZ ...or new fee for service deals. So
$3.14 on a PE of 10 ... SP + dividend of say 15 cps in 2010
...gives 50% uplift left in the share + dividend. Compare that to real estate predicted to rise 22% in total over the next four years....5% a year or so.