re pickupIn my view they have been way too generic in their...

re pickup

In my view they have been way too generic in their presentations to the market over the last two years. If you look at their presentations they read more like a strategy plan than a report on actual events, and generally non specific.
A good example has been their roll out in China. We keep on being told that there are 360-400 ATM operating out there but never told of why that number has not increased in over a year.
Another example is their organic growth in Australia, their updated report of which is equally vague.
While this lack of specifics has been frustrating, it is understandable since their main competitors are 4 of the largest companies in Australia and timing for reform has been in the hands of a government organisation.... never easy, and I have to applaud them for their diplomatic skills while keeping the market generally abreast of progress.

HOWEVER...... Our timetable is now set.

1) SPS rollout will be completed by June 2008.
I would like regular updates of their progress in meeting this timeline.
2) They are entering a new regime with surcharging in Oct 2008.
I would like regular updates of their progress in meeting this timeline.
3) They have suggested a move into NZ
An update on progress please.
4) They have suggested an Asian rollout of up to 40,000 ATM's
detailed progress report please

You get my drift. We have been very patient, while waiting for the RBA to come down in their favour. I simply think the long suffering shareholders should now be rewarded with a decent and detailed operational update.

As a footnote, I believe (and please correct me if I have got this fact wrong) that our executive chairman has not previously held a senior position in a publically listed company. By way of a gentle reminder, therefore, I offer the following advice: Provide frequent and detailed information upon which your shareholders can make some informed decisions. Simply paying lip service to investors is not a wise long term strategy towards engendering long term shareholder loyalty.