I see your point. I guess if the the funds from the additional shares issued are used properly to make the pie bigger then not so bad with a dilution.
I find it a little hard to determine how much the recent share price drop was influenced by company factors or the general market sentiment at this time of the business cycle.
I do like the fact that the last profit forecast was based on the latest contract for the 2550 atms at 75 transactions per day and recently stated that the machines are operating at 100+.
Not sure how this transpires to profit. But is almost a 30% increase in income and in my mind bodes well for a possible increase with additional 625 machines for this current contract. May also have a positive effect on any pending or future contracts with other players.
Just have to wait to see how this develops.
Good Luck !
FND Price at posting:
50.0¢ Sentiment: Buy Disclosure: Held
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