Love your posts 20500 and Fellini.20500, I assume you live...

Love your posts 20500 and Fellini.

20500, I assume you live somewhere in Asia?
Perhaps this company gets more coverage on the press where you are (malaysia?). We get absolutely nothing. Even the speculator article and the recent analyst's coverage were simply rehashed company announcements.

Most of us are flying on the back of the company announcements and some google searches for nexbis/nexcode.

I would dearly love an anglo/american contract on the books. Or more specifically, a non-Asian contract. For some reason, justified or not, the market just doesn't rate the reliability of Asian contractual agreements.

I must admit that a recent speculative investment of mine failed for one reason only, the Indian customer did not pay despite being a government related entity. Those of you familiar with Arasor (ARR) know what I am talking about. Its probably unfair to tar all of Asia with the same broad brush, but perhaps thos in the arket with more experience than I know there is something to it.

I would be interested in an update on their UK business.

I would have thought VISA and Mastercard would have been a certainty for EMT to target. Hundreds of millions of cards around the world. Most of them with "vulnerable" chip technology. Get onto it EMT.

If we get a major non-Asian contract, this company will fly.
If we get either of the major card companies or even a "smaller" company like AMEX, this company will rate at 30 times earnings. Quite comfortably considering the volume of business and security of the contracts with such companies.

100m NPAT for next year would be quite amazing eh. However, when you take a look at the pipeline and the rate of converting these tenders, it seems quite conservative.

Anyhow, back down to earth for a moment.
Now that Sovereign has almost sold out, it looks like we should continue the upwards trajectory.