Hi Ivanovich, according to the Corporate file interview with the MD some competitors are charging $2.20 - $2.80 per transaction already. So you would think $2.50 phased in over the next 12 months is very do-able. The interview also talked about earnings growth also coming from internalising transaction processing. CAPEX for driving the whole lot is expected to be around $2.5 mill and will open new doors. This where CUS need to be very carefull - pouring money into diversifying. One door mentioned is payments. I presume this means payments to third parties eg Gas/electricity bills. Bill Express went belly up getting into billpay. Obviously it is a bit different here as Bill Express had to set up a network of newsagents etc whereas CUS just does it through a machine - no middle man, no commissions and no complaints etc - will be the same as an online payment system for those who do not have internet access and cannot be bothered lining up at the Post Office. Wait and see. SP going ok today. Seller resting to allow SP recovery to sell into again or sold out?
CUS Price at posting:
$2.72 Sentiment: LT Buy Disclosure: Held
