Over the past few years I have had an interest in and on-off shareholding in a number of stocks that clip-the-ticket in the payment processing space.
Some successful - many more not! Stocks like NOV MNT PIL ISX TSN(VOR) .......
What VOR now potentially has (if this sale proceeds) is the cash to buy back and fully own... a payment processing operation (last count T/O 50mill with nominal Profit ~ 2mill) in an large growing market, with recent capital expenditure updating ATM side of business, a growing electronic payments operation.
Could this not be a good thing - if this occurs ...
Moving on a labour intensive / consulting business in a finite market with two major competitors jumping over each other to consolidate their businesses to replace it with a more automated - clip-the-ticket payment processing.operation and who knows what more....
I eagerly wait and see how this plays out..
cheers
Anton
VOR Price at posting:
18.5¢ Sentiment: Hold Disclosure: Held
