CUS 9.84% 5.5¢ copper search limited

hi pick up...you know I'm just going to hold for the long...

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    hi pick up...you know I'm just going to hold for the long term...as with DC revenue 09/10 will be around 185 million I think....5500 machines x 1400 trans a month x 12 months x $2 =
    $184,800,000. Strip out costs of $60 mill....gives an EBITAD..$124 mill.....then lets go with a 40% margin..$50 mill
    profit....PE of 10....give s ..$3.93 a share. Let's say that does not happen...only gets to a 1.50. Customers pays out it's debt and then in 2010/11...has $60 million profit to distribute. What does it do ? It's a mature market...it's does not need funds to expand...can do so with leases on the machines. So...let's say it pays out 75%....$45 mill....that's 35 cents a share....trades on PE of 4.3 for a while...23% return on your money at $1.50. That's what I think will happen in this market. Lucky for us...as we know we have a mountain of cash returns cascading upon us....the market will be slow in catching up...but does it really matter ?
 
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