"We maintain a SPECULATIVE BUY. The China blue sky is alluring,...

"We maintain a SPECULATIVE BUY. The China blue sky is alluring, but Baker admits investing in Customers "is really taking a bet on surcharging" - not sure if this quote is taken out of context but I must admit that I dont warm to the suggestion that an investment in CUS is taking a bet on surcharging - also the figures quoted from the bell potters are very different to the carmichaels report released earlier this year - carmichaels had 07/08E NPAT at $36 mill. However they also expected a $4mill profit this year in comparison to an $8mill loss from Bell Potters. If Bell Potters is right and CUS is expecting EPS of 1cents this current fin year the current price of CUS appears to spot on. I suppose as everyone is saying is that we just need some proper announcement and guidance. Hopefully the full year financials and annual report will address a lot of questions.. i.e. full migration of fleet to SPS, introduction of convenience fees, costs, future plans for growth etc.

NB DYOR