Australian (ASX) Stock Market Forum

CUS - Customers Limited

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sptrawler said:
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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So the CUS share price is getting smash because they lost there 'problem gamblers' clientele in Victoria...and i suppose with Wilkie in Govt with the greens etc that there's some expectation that further action will be taken re problem gamblers and ATM's. :dunno:

Is a 30% fall in the SP a bit of an over reaction? what's going to happen when they go ex dividend? not that 8 cents per share matters to much, big picture....how much can the pokies thing really hurt them? :dunno: surely there's enough (financially disengaged) gen Y & Xers to keep em going at $2 a withdrawal.
~
 

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So_Cynical said:
So the CUS share price is getting smash because they lost there 'problem gamblers' clientele in Victoria...and i suppose with Wilkie in Govt with the greens etc that there's some expectation that further action will be taken re problem gamblers and ATM's. :dunno:

Is a 30% fall in the SP a bit of an over reaction? what's going to happen when they go ex dividend? not that 8 cents per share matters to much, big picture....how much can the pokies thing really hurt them? :dunno: surely there's enough (financially disengaged) gen Y & Xers to keep em going at $2 a withdrawal.
~
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great comments and my thoughts, seems a bargan to be had. over reaction,and seems to be little known enough for majorities to pick up on, which suits me fine! jc

jc
 
hit 52 week low of 1.70 and cant help think this is undervalued. im
buying at market. anyone following suit ?


j c
 
It came up in my scan as having reached a (DP) decision point after two perfect sell signals.

Although it has played out a significant pattern (if you look closely) I wouldn't touch it until something more convincing played out at the bottom.

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What a thump! Down 30%.

I am always baffled how a share can open at $1.25 after the profit announcement and gets sold down in the first 15 minutes. I was watching it but unfortunately couldn't find any shorts for it.

I would have thought ATMs are pretty stable sort of business - but management has blamed everything from weather, weak consumer sentiments, rising cost of living, high fuel prices... What else? Did the royal wedding affect performance as well?

The announcement didn't actually seem that bad - NPBT of $16-$18m still leaves EPS of 8.3c after tax. At 90c that's a PE of 10.8. Obvisouly market is thinking that this is not quite the end of the downgrade cycle...

Probably worth a intraday swing trade to ~99c...
 
This business will perish. The increase in Bank ATMs and the currently inability to withdraw from non-bank ATMs on 'credit' will assist. Can't see much certainty on future cash flows so won't bother with a DCF.

Would have been a nice short play skc..
 
CUS - Major positive move against braoder market yesterday-no media or news!

After some depressing declines over the last 6 months Customers CUS a made 14% gain yesterday - Monday 11/7/2011. I looked in the financial review, Australian, The AGE, the Herald and searched the net on Monday and could find nothing. No media promoting it. It was in such stark contradiction to the rest of the market that fell 1.5% and against it's current trend and the consumer/financial sector which also got smashed yesterday it stood out dramatically.
Interestingly it did a similar thing on Jun 16 it rallied about 8% (from memory against the market and sectors it occupies) which turned out to be Taverners N PTY increasing it's holding to just over 19%. On that day there was also a small article in the Financial Review talking about the fact that Maquarie had been looking for a buyer and the fundamentals were very compelling at it's current level. The article claimed management had been looking to Maquarie, who originally helped float it, for assistance given it's bad performance relative to it's strong fundamentals and very positive cash flow.
It was such a strong move against the market that I find it hard to think of it as being anything other than a strong signal that a move is about to be made on it.
It looks like it's about to open stronger again this morning after a shocker in global markets last night with worries about Greece and Italy all over the global media. Someone knows something!
 
Re: CUS - Major positive move against braoder market yesterday-no media or news!

notting said:
After some depressing declines over the last 6 months Customers CUS a made 14% gain yesterday - Monday 11/7/2011. I looked in the financial review, Australian, The AGE, the Herald and searched the net on Monday and could find nothing. No media promoting it. It was in such stark contradiction to the rest of the market that fell 1.5% and against it's current trend and the consumer/financial sector which also got smashed yesterday it stood out dramatically.
Interestingly it did a similar thing on Jun 16 it rallied about 8% (from memory against the market and sectors it occupies) which turned out to be Taverners N PTY increasing it's holding to just over 19%. On that day there was also a small article in the Financial Review talking about the fact that Maquarie had been looking for a buyer and the fundamentals were very compelling at it's current level. The article claimed management had been looking to Maquarie, who originally helped float it, for assistance given it's bad performance relative to it's strong fundamentals and very positive cash flow.
It was such a strong move against the market that I find it hard to think of it as being anything other than a strong signal that a move is about to be made on it.
It looks like it's about to open stronger again this morning after a shocker in global markets last night with worries about Greece and Italy all over the global media. Someone knows something!
Click to expand...
I forgot to mention that Taverners n has a history of taking over companies.
 
Re: CUS - Major positive move against braoder market yesterday-no media or news!

Today David Jones came out with a shocker and the retail sector has been spanked. This stock is usually smashed as hard or harder than the rest of the retailers when something bad happens. It opened higher again today after the DJs news and has held it's ground. Feel free to dispute me cause I wanna throw the full kit at it. I'm usually too slow and these things usually happen fast if their going to happen after a move like that.
 
after being out of this one all together, at 85 cents im nearly tempted to play the game again

j c
 
While the market was in free fall they quietly swallowed My ATM and bounced over 6%!!(they had fallen heavily prior, after the recent rally)
Perhaps they were hopeing the ACCC would be looking the other way!
 
I was a little nervous that the swallowing of My ATM might have been a deliberate act of self poison.
Big spike in buying volume again today is making me feel a teeny bit better.
It seems to have constructed mount Everest(line) in July, come back down and rising again.
That's about as good as my charting gets.
Feel free to offer an opinion.
 
Likely to be selling rather than buying volume.
WHY?
Because it is not forcing price to rise appreciably.
Indicating buying being overcome by supply.
 
Yep, Still got it!!!:)
Not sure why it's showing such strength all of a sudden - 30% in 2 weeks.
This time there has not been a volume spike to accompany the sudden positive price action.
It seemed to form a base at 80c
 

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