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Enter Symbol:
Net 1 Ueps Technologies, Inc. (UEPS) [hlAlert]

up 53.90 %

Net 1 Ueps Technologies, Inc. (UEPS) rated Buy with price target $18 by Argus

Posted on: Friday,  Jan 30, 2009  8:25 AM ET by Argus

Argus rated Buy Net 1 Ueps Technologies, Inc. (NASDAQ: UEPS) on 01/30/2009, when the stock price was $13.43.
Since then, Net 1 Ueps Technologies, Inc. has gained 53.91% as of 01/26/2016's recent price of $20.67.
If you would have followed this Argus's recommendation on UEPS, you would have gained 53.9% of your investment in 2552 days.

Net 1 UEPS Technologies, Inc. (Net 1) provides a smart card-based alternative payment system for the unbanked and underbanked populations of developing economies. The Company?s universal electronic payment system (UEPS) uses secure smart cards that operate in real-time but offline. This offline capability means that users of Net 1?s system can enter into transactions at any time with other card holders in even the most remote areas so long as a smart card reader, which is often portable and battery powered, is available. Its system can also be used for banking, healthcare management, international money transfers, voting and identification. The Company has four business segments: transaction-based activities, smart card accounts, financial services, and hardware, software and related technology sales. On August 27, 2008, the Company acquired an 80.1% interest in BGS Smartcard Systems AG (BGS). During the fiscal year ended June 30, 2009, the Company acquired RMT Systems (Pty) Limited.

Argus Research is an independent research firm, and our business is producing, distributing and marketing high-quality investment and economic research. Our recommendations - BUY, HOLD and SELL - reflect the judgment of an analyst about a company's prospects as an investment in terms of value, expected growth and risks. Argus Research does not bring companies public, advise companies on mergers and acquisitions, broker trades, make markets in stocks or manage money. Our independence allows us to make critical judgments about companies that we might not be so free to make were we competing for a firm's underwriting business. Because we're not a broker/dealer, we don't have "inventory" of a stock that we have to move with a tainted recommendation. We have developed a six-point system for analyzing the stocks in our Universe of Coverage. We believe that this system
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/30/2009 8:25 AM Buy
13.43 18.00
as of 12/31/2009
1 Week down  -40.94 %
1 Month down  -37.68 %
3 Months down  -44.46 %
1 YTD down  -13.32 %

(*) Stock Price at the time of the recommendation.
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