Ann: Half Year Investor Presentation, page-2

very happy with this... the result for the half year is good, but, add it to the forecast for the second half of the year and things look very exciting.....

Notes of excitement (without looking at any blue sky items):

- cost savings > $600k from goldfields money deal forecast for 2HY17.
- hopefully as of 13.03.17 (forecast settlement) Indue will generate profits > $1.7m p.a.
- A number of the 76 ATM deployers under Indue have agreed to take up a white labelled version of the cash convenience agreement with Stargroup.  The needs are estimated at a further $15m to $30m.
- 52% reduction in the major COGS of ATM network kicked in 01.07.16, but, can only get better with more and more growth in numbers.
- Annualised EBITDA for 2017 fin year is $9.24m, including tax adjustment of $6.31m.  Therefore, EBITDA without is forecast at $2.93m..... not to mention their habit of being conservative....