Australian (ASX) Stock Market Forum

CUS - Customers Limited

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Shaping up nicely on the daily chart especially todau with the break of resistance at $0.28 (if only this stock was a CFD!). Today it broke on HUGE volume, another positive, whilst its into unchartered territory, hence sky is the limit. Low P/E of 10, looks to be well on the way up.
 
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Hey i too have a interest in Customers and think it should perform well. With a market cap of about $105million big investors will start to see it appearing on their radar... whitch is good for us.... let me know what you think.

cheers,
Matthew Ogilvie
 

lukentel

lukentel
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Hey
I've bought in and sold this stock on numerous occasions, its a good company which from what I can see has a lot of guys with experience etc. They seem to be the type to follow thru with what they tell you they are going to do and they keep acquiring - i.e. they dont sit still.

(For those who dont know Customers, they own the largest non bank atm network in Aust so the turnover is based on non bank fees that you get hit for and there is also a future ruling re atm fees they are well positioned to handle)

Anyone else got any thoughts as (believe it or not) I'm taking a punt for this to hit to 0.40 by years end - or get taken over by a bank looking to expand its atm footprint in aust.
 
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Did a big deal. Anyone have a view. Whilst I havent done enough research, I do like the business its in. Anyway...if anyone has an opinion...greatly appreciated.
 
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just realised that those huge buying were from HHL.... and since they are value investors, i shouldn't expecting a huge chnage in price soon :(

anyone still holding them?
 
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I should not be posting this again from Bell site.
Any way BPS has recommended CUS as a buy at 17 cents (please careful on reading recommendation from any site and do your own research. Also you may see my post on BPS research on lifescience under PGL).
"The Australian Bankers’ Association (ABA””a peak body for the banking sector) has in the
last week written to the RBA stating that it cannot meet the RBA’s stated deadline for the
introduction of direct charging at ATMs of October 1, 2008. Instead, the ABA has stated
that it would implement reform by no later than March 3, 2009.
The ABA has blamed technology issues for dragging its feet on the reforms. It is unclear whether the reasons are legitimate or whether the ABA is seeking to stall proceedings."- EXTRACT FROM BP SITE.

Regards

Miner
 
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these guys are starting to pick up again, and with the early
2009 change to process payments, should help income

any views ?

jonny
 
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watching closely at the moment... march can only help...

if you think resources are dead and want a company with revenue streams that are fairly recession proof, then this looks the goods... people will always withdraw money from these ATM's...
 
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slowy creeping up with the march deadline approaching, but at 1.35
cant say im buying more at this stage. thoughts ?
 
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well should have bought more way back at 1.35 now lol

at 2.50 and the chance of dividend next financial year, cash income
keeps going up. last got in at 2.16.

wonder when we will be able to margin loan against these guys ?

jc
 
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well should have bought more way back at 1.35 now lol

at 2.50 and the chance of dividend next financial year, cash income
keeps going up. last got in at 2.16.

wonder when we will be able to margin loan against these guys ?

jc
Nice ive been on these guys too, earnings came in above my estimates, revenue was on par, but they managed to cut down on expenses. Target price 3.15
 
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I have liked the business model for some time and actually bought them when they were at this price quite some time ago, nice to have them back.

Does anyone have a feel for where they are with their payment system?

Brett
 
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Whats going on with CUS - they announce that they will start paying dividends and the share price goes down!
 
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trading at 1.20 at the start of the year, so closing at 3.20 aint so bad really..... and now a dividend to boot

j c
 
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after getting as high as 3.50, but to reality at 2.85, picked up
a parcel more. anyone else following ?

j c
 
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dont know if many follow this one, but ive had some success with it.
got as high as 3.50 (very over priced) nose dived lately to 1.80, still paying
dividend and growing. thoughts ?

j c
 

white_crane

Jedi Master
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I noticed this one, but having been out of any practice recently, I did nothing and missed the boat.

I think the nose dive had something to do with the cashflow statement, where cash has gone through the floor? Everything else seemed positive.
 
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ive picked up a parcel at 1.80, feel its all abit over done, and notice
that the company is picking up a stack of their own shares at the moment
via buy back

j c
 
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Customers share price is all a bit strange, they are back to what they were before the direct charging came into force. They ranged between 0.18 - 0.30c before they had a 1 for 10 consolidation. They haven't been able to really break that trading range even though they are now making money.
I sold out because they didn't seem to be going anywhere fast and Vic Government banned the A.T.M deployment in gambling establishments. I thought also with the $2 charge mums and dads would use eftpos at shops to get money
 
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not only the company themselves buying up big in this stock at this low price, other large companies have upped their stack, im following suit

j c
 
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