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28/12/16
11:41
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Originally posted by oxxa23
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Currently stl pay a switching fee for every ATM transaction they make money off... indue controls that switching... so they will make additional revenue from indue's 75 customers, along with saving costs on their own transactions....
It also opens up possible dialogue with roughly half of the 75 customers (private ATM deployers) who stl don't currently sell ATM hardware to... ie it may help increase sales in that area...
Also, stl may be able to identify any of these 75 that may not have the cashflow to undertake required hardware changes... therefore possibly proposing some very good opportunities for stl to acquire these at a great price...
The figures quoted will likely end up better overall, due to those above I have identified... the $1.7m is purely what they are believed to be earning..
Todd has mentioned that the acquisition has drawn a lot of positive attention stl's way.... albeit not reflected in the share price currently..
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Nice summary oxxa.