trading update expected soon, page-3

CUS have already declared that transacation volume is showing no adverse impact past that experienced with direct charging way back in April 2009.

It seems transaction volumes are actually improving as consumers become more accustomed to new fee structures.

It was so pleasing to learn CUS have conducted market tests on pricing elasticity and increases in trans fees through a range from $2.20 to $2.80 had no material affect on volume. This augers well for a higher average transactional value overlaid on the higher trans volume. Double bonus!

I just think this is such a standout "profit will force the SP higher" story that the market hasn't fully appreciated a likely 8 times earning per share increase during this current financial year.

I do comment here on HC but I think while the SP is just trending sideways in the lack of market understanding of what's going on we should all stay quiet and just keep accumulating because this is like a ticking timebomb.