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Net 1 Ueps Technologies Inc. Message Board

  • bigcire bigcire Jan 30, 2013 2:47 PM Flag

    2/7 earnings call

    What should we expect? I assume it is too soon for an update on the kickback accusations. Hold into 2/7 or is there a reason to expect something bad coming up?

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    • Highlights.
      Missed on earnings but expensing all cards and recruitment costs in this current qtr. and next. rather than over the 5 years of the contract. Numbers for enrollment higher than forecast which means higher expenses this qtr and next but bigger revenue the next 5 years.

      The unexpected bright spot is the South African court date of Feb 15th. Regardless of the outcome, which I believe they will win, it remove uncertainity.

      DOJ may take longer but I would expect this to be resolved within the next 6 months.

      Earnings again start ramping up again the second half of the year espcially with all the cards and recuitment be expensed in this qtr and next. If you have the patience I suspect you will be happy with the results in 1 year. I bought on the panic so I am already happy but depending on market reaction today may buy more. I have not listened to the earnings call yet.

      Sentiment: Buy

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