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eqt, page-15

  1. 6,254 Posts.
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    Had a further look at the update and picked up a few other bits and pieces.
    "Customers is now the largest ATM network in Australia"
    "Timeframe for surcharging is 3 March 2009"
    "Cost saving initiatives gaining traction. Benefits targeted will be achieved"
    "Tianjin has 630 ATM's in china"
    "Fintronics is being hampered by poor corporate governance at board level"
    "All debt hedged at lower fixed rates till 2010 and most till 2012"

    I think that the negatives have obviously been well flagged to the market over the last 3 mths hence the share price. However, there are also some positives and some certainties now which should put a floor on the share price.

    I expect the interim writedown in Fintronics is clearing the decks for either a sale of the asset or a takeover of the whole business in the next 6 mths....just as a guess.

 
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