SP1 0.00% $1.07 southern cross payments ltd

Ann: AGM Presentation, page-10

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  1. 77 Posts.
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    Couple of other points from discussion and questions.
    The stated Average bps of 100> is so competitors do not know the actual figure.
    It is more likely much higher than 100.
    XM was discussed and they are fully integrated but have been “ hard” due to their size but is still a work in progress and definitely still a customer.
    John has a focus on promoting the company to achieve more recognition and a higher SP but at the end of the day “money talks” and they are confident they have established a solid foundation to build from.
    As mentioned Q3 is the target for cash flow positive so with those revenues you would expect the SP to build.

    My take from the meeting for what it is worth...
    As a SH you will still need some patience short term as all the processes take time, from establishing partnerships and licences to ramping up of revenues from merchants.

    The potential was what first attracted me and nothing has changed my mind after the meeting today.
    Hopefully mid to late 2019 will be a turning point where we see the potential start to be realised.
 
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