From what has been stated at the AGM about market testing transaction fee increases and the elasticity between $2.20 and $2.80 there is much blue sky for CUS' profitability into the future. This could take 09 actual NPAT from around $6m to around $50m for F2010 using same opex as 2009. It is unlikey opex will be same but the huge scale here is obvious in the numbers. The market WILL eventually learn of this HUGE growth lurking here in CUS.
The numbers being mentioned now across the HC CUS thread match calcs I have looked at. (near 40c EPS - $6 at 15x PE)
It seems as if CUS may be able to use a flexible pricing structure according to specific local market need. Low pricing in highly competitive / price sensitive areas and higher fees in other areas. These could range from near $2 to around $2.80.
For the record the calcs on which I am referring to are based on an average transaction fee of only $2.22. I anticipate that this seems like a fair average over the next 12 months - on the conservative side.
Add to My Watchlist
What is My Watchlist?
