And it seems from the small print that they expect Tianjin to...

And it seems from the small print that they expect Tianjin to roll our 1500 atm machines by Dec 2008 and that they will do 50 transactions a day. Based on a total number of machines by Dec 2008 in place (including those in service already with Tianjin) of 1850 doing 50 trans a day at 3.5 rmb, the revenue is expected to annualise $17.125 mill AUD. I gather they are paying 200 mill hk for the business which is $28.9 mill AUD. I make that 1.68x next years revenue...quite pricey if you ask me.

I'm actually quite glad that CUS only owns 11.5% (pre note conversion) of Fintronics at the moment...its about time that some other poor shareholders got diluted down all for the sake of growth...I honestly dont think CUS shareholders would take another dilutive issue...

On a different note, I wonder if the company will see fit to give the market an accurate update of the SPS roll out in the near term. I do feel sometimes that they treat their shareholders very poorly. We never seem to get any reports of real substance. I suppose, though, I shouldn't complain. Maybe I'll just vote with my feet??!!