Strauss... I posted the following a while back on ST thread.. but forgot to add the ticker... my mistake.
Have a gander at Corum
COO
This isn't going to 10 bag next week... but has very solid fundamentals.... could easily move up from current levels.
Its not a pure mobile play.... but one of Corum's two primary divisions is a digital payment system catering to Aussie councils... a very steady and profitable sector it seems.
10's of thousands of rate payers in many councils are using the Corum tech without even realizing it.
All aspects of the payments available can be done via a mobile phone.... though Co's not being actively promoted as a mobile payment company.
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The other sector Corum caters to is the Chemist/Pharmacist industry.... managing their digital systems.
Know doubt the major shareholder and CEO (Worsley Parsons founder), Bill Paterson, has a hand in keeping Corum in the loop.
Nice summary in the link below..... has fallen from 20 cents since then... perhaps a buying opportunity.
The possible kicker....? Corum are investing to improve there service.... very vague details... but perhaps an acquisition is in the wind also?
Perhaps Corum are looking re-enter the real estate payment sector which they were part of in previous years with a rent payment card in the early 2000's (think phone banking era).
Divi a nice draw-card
CEO as major holder... a turn-off for some investors.
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COO.... Corum
Market cap: $37,000,000
Cash: $8,000,000
Debt: $0
Average annual revenue (last 5 years): $21,000,000
Forecast profit: $3,500,000 (due to investment etc)
Previous 3 years profit approx: $6,250,000
Dividend last year : 1.5 cent
Projected next Dividend: 1 cent
Share price: 15 cent
TOP 1 holder (CEO): 56%
TOP 3 holders: 70.5%
TOP 20 holders: 81%
That leaves only 47,500,000 shares outside the top 20.
