SP1 0.00% $1.07 southern cross payments ltd

Ann: Response to ASX Query Letter, page-162

  1. 979 Posts.
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    Thanks for that explanation. I think I understand ISX's position better now. So they're saying the intermittent KAB issues in July and August did cause the revenue to drop off during those months, but believed it wasn't material because at the time they thought the service would recover, expected revenue to recover from Sept onwards, and from a half year point of view revenue wouldn't be impacted too much. That makes sense. I'd misunderstood them as saying the month to month drop in revenue wasn't material, when clearly the figures show otherwise. But, as it were, that wasn't what they were saying. I think I'll shut up now, as there is clearly quite a bit to get one's head around - best to leave commentary to those who know the company intimately.


 
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