Post 1 of 2.BXP Bill Express LTD:...

Post 1 of 2.

BXP Bill Express LTD: http://www.billexpress.com.au/

Chart:
http://bigcharts.marketwatch.com/javachart/javachart.asp?symb=AU%3ABXP&time=&freq=

Shares: 387.7 mill and 61 mill unlisted Options. The IPO was at 20 cents /share in Oct 2004. Share price: 27.5 cents.

BUSINESS:
"Bill Express Limited is an electronic product distribution, sales and payment network, and the primary elements of the company include:
DialTime (a electronic distribution system for pre-paid products and services),

Bill EXPRESS® (an over-the-counter electronic bill payment service),

mobileEFT (a facility enabling businesses to collect credit card payments for goods and services through a mobile or fixed-line telephone),

POPS (Point of Purchase Screens - which promote Bill Express Limited's and other products at the point of sale)".
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June 30, Annual: Revenue: $482.5 mill (+53.9%) Profit: $6.574 mill (+54%) E/S=2.5 cents. Past P/E= 11:
http://stocknessmonster.com/news-item?S=BXP&E=ASX&N=241626

6 Sept 2005: Chairman's Report for the year ended 30 June 2005:
http://stocknessmonster.com/news-item?S=BXP&E=ASX&N=241630
Extract:
"On 12th April 2005, Bill Express announced that its network will now enable the purchase of music and games on the Internet without the use of a credit card for Harvey Norman and Destra.

In providing this capability to distribute and authorise a prepaid micropayment transaction, it is believed that Bill Express is the first company to provide this leading edge service to the Australian Market.

This prepaid micro-payments capability opens up the world of Internet music shopping to the people who don’t have credit cards and those people who do not shop on the Internet due to security fears".

11 Oct 2005: Reaches Milestones:
http://stocknessmonster.com/news-item?S=BXP&E=ASX&N=243748
Extract:
"Revenue for the month of September 2005 grew to $52.96 million. This was a 13.55% increase in revenue compared to the previous month and a 50% increase compared to September 2004".

COMMENT: I believe that BXP is in a strong expansionary phase and that sharply increasing revenues will produce some good profits over time. BXP has a very active Management.

It does have quite a few shares and I would favour a buy-back or a 1 for 2 share reconstruction once earnings start to pick up.


TRANSACTIONS: See next post.