Reading a report from Ords Minnet CUS final year's result will be released on August the 26th. In regards to the latest aquistion by acquiring Calypso, CUS will i) no longer pay the driving fee, ii) bring the opertaion in - house and have control over the function, and iii) greater flexibility to add pre-pay / billpay functionality to its ATM's. Estimated acquisition cost at $2.5m and cost savings for CUS of $1.2m p.a. - what a great aquisition ! With new banking arrangments on better terms, Calypso costs savings, better priced ATM's from Hyosung, increased revenue from 1) more ATM machines 2)$2.00 to $2.50 direct charge 3)new deals with branding fees and the share buy back, I'm confident of an excellent result even though there has been a slight softness in transaction levels since May as interest rates start to bite. Management has been relentless in efficient cost cutting and utilization of capital. Predicting final first and final dividend will be 8 cents per share, giving we have had two capital returns already
CUS Price at posting:
$2.52 Sentiment: Buy Disclosure: Held
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