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Net 1 for NASDAQ:UEPS by mzagotti

Net 1 UEPS Technologies , Inc. provides transaction processing services, financial inclusion products and services, and secure payment technologies in South Africa, the Republic of Korea, and internationally. It operates through three segments: South African Transaction Processing, International Transaction Processing, and Financial Inclusion and Applied Technologies. The South African Transaction Processing segment primarily offers transaction processing for retailers, utilities, and banks. The International Transaction Processing segment offers payment processing services to merchants and card issuers. The Financial Inclusion and Applied Technologies segment provides short-term loans and bank accounts. It also sells prepaid products, such as electricity and airtime, hardware and software, and life insurance products. In addition, this segment distributes starter packs; and provides financing to Cell C for expanding the components of Cell C’s telecommunications infrastructure in South Africa. The company was incorporated in 1997 and is headquartered in Johannesburg, South Africa. – source Markbeat.com

Trade-Rite observation:

This stock present a unique opportunity for longer-term investors with a high risk tolerance. Due to the recent EPS /Rev miss, the stock is has pulled back and look like it will settle in the 4.50-4.75 zone. Breaking this level we will probably test 3.38.

UEPS is held in 3 of the top 10 hedge funds

Has recent insider buying activity

MAR 6 Call option activity

We have added this to our watch list and plan to take a position

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