Ann: SWIFT Operational Update, page-80

First 80 Last

Share
Profile

Follow
hilldweller

7,996 Posts.

481

06/12/19

15:26

Post #: 41838380
Share

Originally posted by Shift35: ↑

First and foremost, ISX was not kicked off swift...i understand some of you can't comprehend what you read and i understand some of you are purposely ignorant as you can only potentially profit from ISX by lying & slandering. ISX has been building a tier 1 system that will replace the current tier 2 system, this tier 2 system costs them extra in fees and once the tier 1 system is ready then those fees will disappear. Migrating customers to the new system will obviously slow the incredible growth by a small margin for a few months. It will probably impact the ISX forecast somewhat but not by much. ISX was never going to rely on the banks for swift access for long, it was only just to fill the gap until their own system was build in house (mentioned in previous announcements) . Now to anyone saying this is negative in the extreme short term....yeah probably...if we were trading. No one likes any forewarning that earnings may be hit, but hey we have court costs too. Have faith, in a few months this will catapult earnings higher once the transfer is completed and this is best time to do it.

Expand

yes, Although I don’t expect as large of an impact, just look at the GPTV growth after the tier 1 banking network was competed.

The end of February's not very far away.

ISX Price at posting: $1.07 Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

3 stocks with antimony news on Thursday

GTR

GTI extends uranium mineralisation at Lo Hema through development drilling

CHN

Chalice jumps on Putin nickel export ban threat – but then there's bad news

DXB

Dimerix begins recruiting young kidney disease patients in Mexico for Phase 3

CU6

Clarity progresses SECuRE trial with positive safety results