SP1
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0.00% $1.07 southern cross payments ltd

I was confident following indicative comments in the quarterly...

  1. ben79
    639 Posts.
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    01/11/17
    21:36
    Post #: 28415211
    I was confident following indicative comments in the quarterly until they clarified they didnt need more own funds to support isxpay/ worldine

    They then put out an investor presentation asserting that an increase in own funds would increase margin in isxpay/ worldline.

    Then comes a capital raise.

    Very cute. Cant help being cynical about this.

    My confidence in management has decreased from 90% to 75% and will read future announcements with slightly more sceptism.
    ISX Price at posting: 19.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 6  Upvote
    lightbulb Created with Sketch.  Great analysis
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