cus gets to play in the bigger boys league now, page-2

Customers is a great business, poor management held the company back in the past but that's been rectified.

Now that it's been added to the S&P/ASX300 list I think the volume will increase, this usually happens to companies when they are upgraded to the list

As at the end of June, Customers had net debt, excluding leases, of $20.6 million, down from $37.2 million a year earlier. Gearing was 13 percent, down from 25 percent. Customers have reduced the dept level further since the end of June and have strong operating cash flows so the cash level is improving every month.

Customers recently signed a five-year contract with Bendigo and Adelaide Bank to expand the bank’s ATM fleet by up to 500 machines, with Customers supplying and operating the additional ATMs. What most people don't realize is that the cost to Customers is negligible, they aren't buying 500 new machines, just adding Bendigo and Adelaide Logos to existing machines thereby increasing their customer base.

They also intend to start paying dividends twice yearly in 2010.

Cons - The Victorian government has proposed legislation to ban ATMs from gaming venues by 2012. The legislation would affect 140 machines .... currently that’s a 2 percent impact across the business but by 2012 that should be significantly less.

I think this business is a license to print money and have stashed away a decent sized parcel in my superfund.