Key Developments For Net 1 Ueps Technologies, Inc.
Net 1 Ueps Technologies, Inc. (UEPS.O) (Nasdaq)
Net 1 Ueps Technologies Inc Announces Acquisition Of MediKredit Integrated Healthcare Solutions
Net 1 Ueps Technologies Inc announced that it has agreed to acquire 100% of MediKredit Integrated Healthcare Solutions (Pty) Ltd (MediKredit) for ZAR 74 million (approximately USD 10 million) in cash. MediKredit is a South African private company that offers transaction processing, financial and clinical risk management solutions to both funders and providers of healthcare. The transaction is expected to close in February 2010.
Net 1 Ueps Technologies Inc Reiterates FY 2010 EPS Guidance
Net 1 Ueps Technologies Inc reiterated guidance of at least 20% constant currency fundamental earnings per share (EPS) growth for fiscal 2010. The Company reported EPS of $1.47 in fiscal 2009. According to Reuters Estimates, analysts on an average are expecting the Company to report EPS of $1.81 for fiscal 2010.
Net 1 Ueps Technologies Inc Comments On FY 2010 Guidance
Net 1 Ueps Technologies Inc announced that for fiscal 2010, it expects to achieve constant currency fundamental earnings per share growth of at least 20%. According to Reuters Estimates, analysts were expecting the Company to report EPS of $1.66 for fiscal 2009.
Net 1 Ueps Technologies Inc Announces Agreement to Repurchase Brait SA's 9.2 Million Shares for $13.50 Per Share
Net 1 Ueps Technologies Inc announced that it has agreed to repurchase all Company shares held by Brait SA and its investment affiliates (Brait SA) for ZAR 105.98 ($13.50) per share, for an aggregate repurchase price of ZAR 977 million, or $124.5 million. The repurchase is expected to close on or before August 4, 2009. The buyback of 9,221,526 shares represents 16.9% of the Company's outstanding shares.
Net 1 Ueps Technologies Inc Issues FY, Q4 2009 Guidance Above Analysts' Estimates
Net 1 Ueps Technologies Inc announced that it expects to report fourth quarter of 2009 and fiscal 2009 revenue of approximately $61 million and $246 million, respectively. Fundamental earnings per share for fourth quarter of 2009 and fiscal 2009 is expected to be $0.38 (which represents a 1% decrease from fourth quarter of 2008 on a constant currency basis) and $1.47 (which represents a 16% increase from fiscal 2008 on a constant currency basis), respectively. According to Reuters Estimates, analysts on an average are expecting the Company to report revenue of $55 million and EPS of $0.36 for fourth quarter of 2009; revenues of $240 million and EPS of $1.44 for fiscal 2009.
