Thankf or these Rob. My question is these numbers seem be assuming % clip on payments. As I (and others discovered at last years AGM) the issue with this is there is a significant gap which there is no way to calculate because the company does not provide the breakdowns of payment type.
Yes, all Credit Card payment transactions of invoices wll attract the appropriate % to SPX. However all inoices paid via Cheque (yes some business still use checks to pay suppliers) and EFT can only attract a maximum of 26c per Invoice (and possibly per batch of invoices - as that question was not answered directly at the AGM last year). So if SPX process say 100 mill in a month and the was 20% via Credit card payments and 80% via eft or cheque than the clip can only be against the 20% - the rest carry significantly less funds coming to SPX.
B2C roll out - different story should SPX terminals be in use use @ POS - but this is a very competive market with 3 - 5 years contracts in place between the business and usually their bank wanting that action.
Food for though on the extrapoliation of the numbers that seems to get lost in the excitment from time to to time.
SPX Price at posting:
1.2¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)