SP1 0.00% $1.07 southern cross payments ltd

ISX Charts, page-302

  1. 2,890 Posts.
    lightbulb Created with Sketch. 2045
    It was the upside suprise of being well above breakeven in April based on MSF combined then with the knowledge that first week of May processing was a substantial step up again and estimated transaction volume for May is a huge step up again from April. Those were the numbers that excited me.

    Bonus also was continued strong aquiring/EMA approvals.

    Flykk and expansion were good too but the above moreso IMO. Every graph was extremely positive and indicative that May will be another substantial step up again from April.

    EBIT annualised run rate is going to $20mil+ later this year and that is just to meet CY19 EBIT guidance.

    I think we will see a bit of lag in EMA deposits but that will start building up soon too and I look forward to an update on that front in the June Q.

    I think we are getting into that 6 to 8 week range for an update on AU processing too. Will be interesting to see what size processing is coming through from those initial AU merchants.
 
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