My personal opinion ...and it is just that ....so dyor...companies have previously paid to much for ATM networks eg (thanks to HCC for the following)
�� St George Bank: 700 ATM’s for $38 million, an average price of $54,286 per machine; �� Cashcard: 5,180 ATM’s for $249 million, an average price of $48,069 per machine; �� Customers Limited: 3,300 ATM’s for $130 million, an average price of $39,394 per machine.
By comparison ICP acquired the Transact Group for an average of $20,000 per machine
Note:(HCC qualified this as per the attached ...thanks again HCC) �� A fewer number of ATM Site Contracts; �� Smaller business operation; �� Competition in the market in which Transact operates from larger competitors; �� The inherently greater risk of a comparative small business.
STL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
