re: Ann: iCash Issues Earnings Guidance for F... Coney...if you can hang in there you may finally see some results that have always been promised. I'll admit I have been pretty critical of ICP over the years but management over the last 12 months have made a huge effort to promote the story to the market and be more communicative. The major problem has been the cronic lack of cash but going forward that will be less of a concern with the revenue coming in.
I used an I Cash machine on Sunday and it was pretty good I must say compared to a Hyosung I used which took ages. My intuitive feeling is management would have been very conservative in thier guidance because they realise if they don't meet it the SP will be smashed up. It's now trading on a forward PE of 5.2. Dividend payout stated at 30% if two years profit in a row would equate of a div yield of 3.8%.
Lets hope EPS will be upgraded to 10 cps and they start trading on a PE of 10 !
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Ann: iCash Issues Earnings Guidance for FY 2011 , page-20
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