Agree with you Coppergaz. It would take forever to decipher and analyse these figures.
The company appears to have had annual income of $623.5 mil from volume turnover of just under $9bil. At each quarter the Year on Year increase in revenue has decreased from 89% (1st qtr) to 27% (this qtr). Volume increases have come back from 89% 1st qtr to 20% this qtr. Arrears and bad debts have gone from 4.31% of $1.9bil (1st qtr) to 6.12% of $2.2bil (this qtr). Why put arrears and bad debts together? Who knows which is which for their reporting, they are a measure for comparison and as Larry said, the transactions are small and inconsequential. If you can't collect your arrears, there is no chance of collecting bad debts - it would cost a fortune chasing $50 here and $500 there.
They have increased fees to both sides of their revenue equation - merchants and customers, increased interest rates, closing down access in several of their markets and limiting themselves to their headline product. Merchants only offer their system as a payment option and often have their own inhouse facilities competing, so there is no exclusivity and belting the fees up to 6% of the transaction might sound when you're telling your shareholders about it but it is likely counter productive.
It was a great day as were those before but I'd be cautious about breaking out the champers.
ZIP Price at posting:
77.5¢ Sentiment: None Disclosure: Not Held
(20min delay)