The chart sure looks bearish at the moment. Reasons?? Sell down by HHL? Profit taking after a stellar run? Queries about growth quality of growth prospects, eg NZ market only about size of Melbourne??, how many times can the price per ATM draw be increased - not sure but does not take much to bring in the cash?, is there much money in advertising/fleet sales/prepaid phone?etc.
Not sure about above prospects.
Positives - little resistance to trial increase to $2.50, share buy back, recent media reports on increase of ATM useage compared to Credit card, share buy back.
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