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

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payments tech!!

This drop is way overblown. Cash flow is strong though inconsistent and they may get their wrist slapped but they will continue to grow and expand

s. african company that does electronic banking. motley 5 star co.

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

Lotta room to run

value stock

Take this while you can. This is a great company in, arguably, one of the last untapped markets on earth. This is in my personal portfolio. It is either a buyout target, or, more likely, a small company with massive potential.

A good target to be purchased by Mastercard, Visa, etc.. but also a growing business with emerging market exposure. Risky, yes, but innovative and potentially worth it, absolutely. Very cheap at current valuations.

Emerging market, rise of middle class. MF rec

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.

Undervalued and time to pull the trigger. Like the lady on the Progressive Insurance commercial – you have to yell

DISCOUNT !!!!!

Ceck it out Fools

Growing and new contracts in the Ukraine. It's sees itself growing larger global electronic payments. This means it will gain new sources in market share, and the same time could be taken out by Visa (V) who is cash rich keeping every dollar they take in.

Solid company waiting to take off. The most conservative estimate still gives me a fair value of $20.

You love it or hate it due to SA snags, They need new eggs in the basket. I THINK they know this, equals worth a green thumb..will see.

outperform

After backing out 300 million in cash, it has a
PE of 2.5 --> 6
If people really use this, then chances are that the government is not going to get rid of them, though profits may decline. At a PE of 2 though, I think there is room for error, and with 300 mill. in cash, they almost have enough to start over in another country.

buy on dip

They have a very bad relationship with the new government in SA which is their major customer of nearly 70% of revenue. Their alliance was with the previous government and this does not sit well with the people in charge now. Their contract terms was renegotiated down which had the result of their revenue and earnings being reduced by 25%. Reading the 10K, the risk is there that it may be renegotiated down further in coming years, as their fees is way above other electronic means available to the government. They are involved in several court cases with the government, their major customer, not a good thing for business. They are in a bit of panic and have done some shocking transactions the last 2 years in trying to diversify the risk. Their record of capital allocations was very poor with the acquisition of BGS and the investment in Finbond. They had to write off a major amount of goodwill from the BGS acquisition in the last quarter (with more to come) and the Finbond investment is marked as level 3 assets, meaning they don't want to mark down that investment to marked value. Then lastly, the management is helping themselves richly with share options by adjusting their own targets set, all while ordinary shareholders have seen NO value in their investment the last 5 years. They do this by buying back stock to reach their eps targets, but the stock keeps going down and shareholders get no dividends.