Hi Ratman....good time to pick up shares prior to update.
Westpac report is quite conservative - still good they rate them as a buy at that PE. With a number of the machines now attracting a $2.50 charge and the increase in the number of machines they have...i.e. was reported at the AGM they had bought 2 small ATM deployers, with the advertising revenue coming in ...4 to 6 cents a screen shot....I'm pretty happy with the Ord Minnet report and don't think it will dissapoint. Sellers offloading stock now, prior to the most important 6 monthly's in the company's history presumably believe the report will be average or dissapoint otherwise why would you sell now so close to the release date ? I would be topping up now as historically the SP rises just prior to the release of the report on speculation. If the figures come out at the Ord Minnet prediction a re-rating will almost certainly occur.
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