CUS copper search limited

the real deal, page-6

  1. 6,366 Posts.
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    re writer.
    I dont believe in coincidences.

    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!!
 
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