Yes I agree it is people banking some profit on this great little Co which is ticking all the right boxes in their recent announcements
From the Ferret in this weeks business news -
If you want value for money, take a look at ICASH PAYMENT SYSTEMS (ASX:ICP). It is a stock that might take a little time to get back into into is stride but it is making a good recovery from recent tough times. Its big break came when the Reserve Bank initiated the direct charge fee model which converted a possible loss into a profit of $850,000 for 2009, in contrast to a loss of $2.5 million in 2008 before it was introduced. In addition, the company now has $6 million in cash to achieve its objective of becoming a strong vertically integrated business with substantial operations in Australia and a leading position in the retail market in Korea. In fact, Icash Payment Systems has just started a series of $30 million contracts in Korea. Its shares edged up 0.5c last week after closing steady at 5.5c on Friday.
STL Price at posting:
51.0¢ Sentiment: Buy Disclosure: Held
