Net 1 Ueps Technologies, Inc. (NASDAQ:UEPS)

CAPS Rating: 5 out of 5

The Company provides universal electronic payment system as an alternative payment system for the unbanked and under-banked populations of developing economies.

Recs

3
Player Avatar London2485 (62.85) Submitted: 3/10/2011 5:32:05 PM : Outperform Start Price: $9.54 UEPS Score: -10.55

I predict Net 1 will become increasingly globalized as they get squeezed by the South African government. They have already expanded into Korea and Iraq (Iran? can't remember), and my guess is they look to continue their global influence as South Africa gets stingier with their contracts.

The company has a healthy history, with the only catalyst for their precipitous down turn being the South African government. While they ARE the biggest client of UEPS, the company appears to be in the process of adjusting and responding appropriately.

Insiders shed the stock in early 2010 after the SA squeeze. They've yet to reinvest. Now may be the time to jump into the stock if you are behind the profile.

Member Avatar voxraison (54.66) Submitted: 3/12/2012 1:57:05 PM
Recs: 0

major scam on tender grant....just reported.

oops! Down we go...

An african newspaper reports:

http://mg.co.za/article/2012-03-09-zumas...

What a mess of a scam...only in africa

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