I believe the company stated that high volume users would be offered discounts of up to 10c per transaction. Obviously the Williams companies would be on the lowest fee. So we can assume that $m138 of buiness would result in a net profit of around $m27.6 .Take out tax of 37% = $m10.212 net profit. There are 154 million shares on issue but I am not aware of the market cap on a fully diluted basis. On what is shown this would equal 6.6cps. On a p/e of say 25 this would equal$1.65. With a few extra large accounts on board, say 10 the size of the Williams companies, this would equal $16.50 per share. It is quite feasible to see earnings of 10x this figure in N.America alone. I think holders can look forward to a very Happy Christmas.
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