I think from memory, CUS would have delivered a $10 EBITDA for...

I think from memory, CUS would have delivered a $10 EBITDA for 2008 before the ATMS transaction came along. The company has told the market that there will be approx $18 mill of one off costs coming thru this year...hence my figure of $8 mill loss.

As for what risks can be associated with the buiness, I guess its the normal issues associated with competition, economy etc.

One risk I do think the market values negatively is the reaction to the public paying a surcharge. I personally believe thats where the opportunity lies looking at the US model which chareges up to $5 in some instances.

Another risk is the timing associated with the introduction od surcharging which has continuosly been pushed back and frustrated the bejesus out of myself and other shareholders.

Comments?