A couple of take aways from another good announcement from $X
" The company also takes the opportunity to clarify that its operational expenditure and staff levels
are expected to remain relatively constant, and that current staffing levels are anticipated to meet the requirements of large scale and/or rapid growth."
"...the company does not require any additional 'own funds' or card scheme collateral funding, in order to meet its commitments to merchant clients, or anticipated growth trajectory for its transactional banking / payments services."
Be nice to see the "anticipated growth trajectory"
When was the last time you read such a well written announcement to shareholders?
Nobel prize in literature for mine.
And good news as well.
(Although the market will not get too excited and not re-rate this to mid 20 cents anytime soon.)
For all the doubters, that coughing sound you are hearing is the fat lady clearing her voice.
Now where is my seat belt ?
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- Ann: App4C Clarification Regulatory Own Funds and Collateral
Ann: App4C Clarification Regulatory Own Funds and Collateral, page-14
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