a)Scanlon sells his position in Fintronics to CUS for CUS shares. b)The performance of the fintronics shareprice falls from 80c to 26c after a placement at 66c c)CUS mentions some disappointment in the traction of the ATM roll out in China.
I suspect there may have been some minor (!) issues between the old and the new management of Fintronics.
In any case one must remember that CUS will earn 40% of the profit going forward in China not 100%. I view China as cream on the cake...the cake being Aus/NZ, SPS, and now surcharging.
$93 mill rev for 2008 and 30% EBITDA margins...I'm happy...now if they can start SPS and surcharging sometime in the next 6mths, the margins will look even better....BUY with extreme intent IMVHO!!
CUS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
