STL 0.00% $1.90 stargroup limited

interesting, page-9

  1. 3,248 Posts.
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    Just a friendly reminder from "1/2 year result ann" about their expectation for Full year revenue :

    "Importantly, the half year result shows just 6 weeks of the Korean subsidiarys major contract rollout and its contribution to the consolidated full financial year end results are expected to be significant.
    iCash looks forward to capitalising"

    and then in the update from early May...

    "Korea
    Through continued innovation, our subsidiary NeoICP (which manufactures a range of ATM and other advanced cash handling machines) has secured strategic alliances with major Korean conglomerates. Working side by side with business partners has led to the development of the Back Office Machine (BOM) a sophisticated cash handling, reconciliation and account management machine. In addition to our other high functionality machines, demand for the BOM in Korea and throughout the region has seen our factory utilisation move to near optimum levels. Advanced orders currently held by the Group will maintain similar levels of utilisation well beyond the next three years.
    Since 2008, factory output has increased from around 160 units per month to over 600 high value units per month. Part of this increase is attributable to the Lotte Group transaction announced last year. The Board is please to report that rollout is exceeding expectations and has resulted in the Group receiving new orders of similar value from other substantial region companies. This growth will be reflected in revenue and Group performance in current and subsequent financial reporting periods.
    Our market leading position in Korea in the non-bank retail ATM sector is largely attributable to our commitment to providing cash handling solutions that meet specific customer requirements. The Group has earned the respect of some of the largest retail conglomerates in the region and this is reflected in our being awarded long term supply agreements.
    Additionally, these established relationships provide access to international"

    IMO, We are in for some very pleasant result.
 
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