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Global ATM Market Growing Worldwide | Statistical Analysis with Forecast 2024

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“Deployment of ATMs at different locations such as Onsite, Offsite, Worksite and the accessibility to Mobile ATMs have facilitated 24*7 availability of banking services to the customers that creates an avenue for promotional activities to the banks concerned. Brown label ATM, allows the banks to focus on their core business, as the hardware and its lease is owned by third party vendors, and the cash management & network connectivity is owned by the bank, eventually reducing the operational cost of the ATM’s.”

Global ATM Market – Size, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2013-2020, the global ATM market would reach $21.9 billion by 2020, registering a CAGR of 7.6% during the forecast period 2014-2020. The integration of wireless communicating devices (smart phones) with ATM machines reduces ATM frauds that arise due to card skimming, a factor that prominently drives the adoption of Smart ATMs which is consequentially spurring the global ATM market. The North American region accounted for ~68,000 million of ATM transactions in 2013, which clearly shows the widespread adoption of ATM services in the developed regions. Unlike developed countries, the ATM market in Asia Pacific is in its developing phase. China, for instance, has tripled its ATM installations from 130,000 in 2007 to 339,000 in 2011.

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The diverse services and offerings in financial transactions are the major drivers for the global ATM market. Thefts, online frauds, and network connectivity issues while using mobile ATMs & smart ATMs, are some of the major threats to the growth of the ATM market. The growing use of solar powered ATM machines is reducing the cost of ATMs, leading to minimal operational cost. According to the “Federal Reserve System”, ATM market in developed countries such as U.S, UK, Canada and France has attained state of maturity, while the “Reserve Bank of India” forecasts a rapid growth of ATM market in emerging countries.

Deployment of ATMs at different locations such as Onsite, Offsite, Worksite and the accessibility to Mobile ATMs have facilitated 24*7 availability of banking services to the customers that creates an avenue for promotional activities to the banks concerned. Brown label ATM allows the banks to focus on their core business, as the hardware and its lease is owned by third party vendors, and the cash management & network connectivity is owned by the bank, eventually reducing the operational cost of the ATM’s.

The introduction of white label ATMs in the developing countries would propel the ATM markets in the years ahead. As an example, the Independent ATM deployer (IAD) viz., Tata Communications Payment Solutions Limited has launched a white label ATM – “Indicash”, to provide better banking services to the customers. IADs in the North American region account for more than 50% of ATMs.  Whereas, in Western Europe, Asia Pacific, and LAMEA, it accounts for about 12%. The widespread installation of ATMs around the globe has led to a need for managed services. Therefore, different market players such as NCR Corporation, Wincor Nixdorf, Fujitsu and Diebold Incorporation are capitalizing on the prevailing market opportunities by offering managed services for ATMs.

Key findings of the study:  

  • Global market for ATM deployment solutions is gaining momentum with offsite ATMs to provide major growth during the forecast period (2014 – 2020)
  • White label ATM Market will grow at a CAGR of 11.3% during the forecast period
  • Smart ATMs would be an area of interest, as it is expected to grow at the fastest pace during 2014 to 2020
  • Asia-Pacific is the most lucrative market, both in terms of deployment and revenue
  • The emerging markets would largely contribute in terms of revenue towards the growth of the global ATM market by 2020

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ATM manufacturers and managed service providers are shifting towards White label ATMs and Smart ATMs in order to provide secured ATM transactions and improve the efficiency of the ATMs, resulting in faster transactions. In 2014, Fujitsu introduced a Smart ATM in the European market, which facilitates operational efficiency. NCR Corporation, one among the leading global ATM manufacturers, partnered with ING-DiBa in August 18, 2014, to provide enhanced security while performing financial transactions. The companies profiled in the report are Diebold Incorporation, NCR Corporation, Fujitsu, Wincor Nixdorf, Euronet Worldwide Incorporation, Triton Systems of Delaware LLC, GRG Banking, Nautilus Hyosung, Hitachi Omron Terminal Solutions and Hess Cash Systems GmbH and Co.

Read More About This Report@ https://www.prnewswire.com/news-releases/atm-market-is-expected-to-reach-219-billion-global-by-2020—allied-market-research-285811541.html

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Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small- & medium-scale enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one-stop solution right from data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients understand the significance and impact of market dynamics. The company applies client’s insight on the factors such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligence support to help clients transform into a prominent business firm.

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Full-Year Results Of Three Stocks: SEQ, KPG And HIT

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Sequoia Financial Group Limited, Kelly Partners Group Holdings Limited and HiTech Group Australia Limited have released their full-year results for FY2019 ended 30 June 2019. Let’s see how these companies performed during the period.

Sequoia Financial Group Limited

An integrated financial services company, Sequoia Financial Group Limited (ASX: SEQ) offers investment and superannuation products, retail, wholesale and institutional trading platforms, and wealth management and advisory services. Headquartered in Sydney, Australia, SEQ caters to wholesale as well as self-directed retail customers. It also serves 3rd party professional service businesses.

On 20 August 2019, Sequoia Financial Group released its full-year results for the period ended 30 June 2019. The company reported an increase of 9.7% in revenues from ordinary activities to $ 83.02 million. However, its loss for the period stood at more than $ 1 million.

Source: Company’s Report

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In the first nine months, the Group made heavy investments in improving the capability to deal with the heavy growth aspirations. The company also took a conservative stance and wrote down the value of the non-core business, intangibles, fixed assets in addition to writing off some of the historical accrued revenues as bad debts. The group incurred some heavy costs related to acquisitions, as well as redundancy costs and contract renegotiation costs related to its work concerning the enhancement of the technology solutions around clearing, direct to market sales units and the legal document business. The sum of all the non-recurring items is around $ 1.5 million (including actual write downs).

On 24 July 2018, the company secured $ 5 million in a placement through the issue of 15,151,515 new fully paid ordinary shares at a price of $ 0.33 per share. These funds were raised from existing and new institutional and sophisticated investors to support the company in paying its short-term debt as well as improve the financial position. Additionally, the company divested its entire private share investment of $ 1,657,850 in Noble Oak in the month of February 2019.

Recently, the company, on 7 August 2019, unveiled the acquisition of a successful financial advice dealer group, Libertas Financial Planning Pty Ltd, which has approx. seventy authorised representatives. The acquisition would help the company in boosting its operations in the advice marketplace.

Outlook:

In FY2020 and beyond that, the company would target a net revenue growth (after sales costs) of 23% with a spread in the range of 15% to 40% across various operating divisions.

The short-term goals of SEQ include:

  • Generation of strong cash flow from all divisions.
  • Provide a return on equity on non-cash equity of 15% and even more than that.
  • Rebuild investors’ confidence.
  • Achieve the share price trading at or more than equity per share.
  • Restart paying dividends to shareholders at 20% to 50% of net profit after tax.

Stock Performance:

By the end of day’s trading on 21 August 2019, the price of the share of SEQ was A$ 0.175, down by 2.778% as compared to its previous closing price. SEQ has a market cap of A$ 21.46 million with ~ 119.19 million outstanding shares, an annual dividend of 2.78% and a PE ratio of 30.510x.

Kelly Partners Group Holdings Limited

Kelly Partners Group Holdings Limited (ASX: KPG) is a specialist chartered accounting network that offers better services to private clients, businesses as well as their owners and families. On 20 August 2019, the company announced its FY2019 results for the period ended 30 June 2019. It reported group revenue of $ 40 million during FY2019, in line with the prior guidance. There was an increase of 7.5% in organic revenue to $ 31.6 million, which excludes Sydney CBD. The total revenue growth, excluding Sydney CBD, increased by 11.9%.

Underlying EBITDA of the group was also in line with the previous guidance, reaching $ 10.9 million during the period, while underlying attributed NPATA for the period was $ 3.2 million. The company reported a strong cash inflow through operating activities, up 51% when compared with the previous corresponding period, to $ 10.0 million. Total dividend for FY2019 was 4.3 cents per share, representing a growth of 10% on FY2018.

FY19 Income Statement (Source: Company’s Report)

Operational Highlights:

  • The growth in organic revenue was driven by increase in volume and price.
  • The company made three Tuck-in acquisitions and 1 Marquee acquisition. It expects a full-year revenue contribution of $ 3.0 million – $ 4.0 million during FY2020 from the acquisitions made in FY19.
  • KPG implemented upgrades to the IT server in FY2019, while trainings for client managers and business managers are ongoing.
  • The company also reported a 56% increase in revenue from other services including wealth management, corporate advisory and investment office.

Stock Performance:

The shares of KPG last traded on 20 August 2019 and closed at a price of A$ 0.880. KPG has a market cap of A$ 40.03 million with ~ 45.49 million outstanding shares and a PE ratio of 19.3x.

HiTech Group Australia Limited

HiTech Group Australia Limited (ASX: HIT), a provider of recruitment and  ICT (Information and Communication Technology) consulting services, released its investor presentation focusing on its full-year results for the period ended 30 June 2019, on 20 August 2019.

FY2019 Highlights:

FY2019 remained another record year for HiTech Group Australia Limited. Revenue of the company during the period improved by 15% to $ 30.28 million, while EBITDA grew by 10% to $ 4.09 million and net profit after tax increased by 13% to $ 2.89 million when compared with the same period a year ago.

Net tangible assets in FY2019 remained at par with respect to FY2018 at $ 0.19 per share. The company also announced a fully franked final dividend of 4 cents per share, scheduled for payment on 12 September 2019 to all the registered shareholders by the closure of the business on 29 August 2019.

At the end of the reported period, the company had a cash balance of $ 5,927,690, which was up 1% from $ 5,862,986 recorded in the same period a year ago.

The presentation also covered the 2 Tier growth strategy of the company. It includes organic growth and M&A growth.

Organic Growth:

Organic growth comprises of: 

  • On-boarding of new clients.
  • Improving the service offerings to the company’s existing customers by providing them with a wider suite of ICT consulting as well as recruitment solutions along with base contracting agreements.
  • Expansion of the ICT offering into high margin consulting and service space to meet the clients’ objectives.

M&A Growth:

M&A growth comprises of:

  • Pursuing acquisitions in a highly fragmented market, with the targets matching the culture of the company as well as fitting into the industry. It should be EPS and CFPS accretive and should provide positive returns to shareholders.
  • Multiple probable targets being considered.
  • The board is committed to focus on employing a disciplined M&A growth strategy that is in the best interest of shareholders and beneficial for the company.

Outlook for FY2020:

The company has placed itself well to capitalise on the demand for its ICT talent and services. The focus of the company would be to provide its clients with high-grade services and simultaneously maintaining the profitable growth.

The FY2020 outlook would rely on the prevailing economic situations along with the demand and supply forces for its ICT talent as well as services.

Stock Performance:

By the end of day’s trading on 21 August 2019, the price of the share of HIT was A$ 1.170. HIT has a market cap of A$ 44.52 million and ~ 38.05 million outstanding shares, an annual dividend yield of 6.84% and a PE multiple of 15.29x.


Disclaimer

This website is a service of Kalkine Media Pty. Ltd. A.C.N. 629 651 672. The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. Kalkine Media does not in any way endorse or recommend individuals, products or services that may be discussed on this site. Our publications are NOT a solicitation or recommendation to buy, sell or hold. We are neither licensed nor qualified to provide investment advice.

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6 Cannabis Stocks under Investor’s Limelight…

Cannabis companies that sell both medicinal weed and recreational pot. Marijuana stocks to look at. Marijuana mergers and acquisitions. Dispensary data analytics. Upcoming marijuana IPO’s
Those phrases have become increasingly common as marijuana legalization spreads.

Global spending on legal cannabis is expected to grow 230% to $32 billion in 2020 as compared to $9.5 in 2017, according to Arcview Market Research and BDS Analytics. As of June 29, 2018 the United States Marijuana Index, despite a lot of uncertainty around regulations, has over the past 1 year gained 71.49%, as compared to about 12% gain seen by the S&P 500.

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Apple turning to Chinese firm BOE for premium iPhone screens: Nikkei

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A Chinese man holds his son as they look at iPhones on display at an Apple store on January 7, 2019 in Beijing, China.

Kevin Frayer | Getty Images

Apple is in the final stages of certifying premium smartphone displays from Chinese tech firm BOE Technology Group for the iPhone, according to a report from the Nikkei.

The Nikkei, citing sources, said that Apple was “aggressively testing” BOE’s flexible organic light-emitting diode (OLED) displays, adding the company would decide by the end of the year whether to take the company on as a supplier of the panels.

The move is aimed at cutting costs and reducing Apple’s reliance on Samsung, the Nikkei reported.

The U.S. tech giant is expected to unveil its new flagship phones in September, and speculation has grown over what Apple will bring to the table with the latest models. Last year, the company brought out three new models, the XS, XS Max and XR.

Analysts don’t expect the new iPhone, which has been dubbed the iPhone 11 by industry watchers, to include significant updates to previous models. The expectation is that the company will not release phones with any major changes, including 5G, until 2020.

Selecting a Chinese company would be a surprising move, given the company has warned of the impact of the U.S.-China trade war on its business. Many of Apple’s major products, including the iPhone, are produced in China.

The firm has reportedly considered moving some production out of the country, but got a slight reprieve earlier this month after the U.S. announced it would delay tariffs on electronics and other consumer products made in China until mid-December.

Apple was not immediately available for comment when contacted by CNBC.

You can read the full Nikkei report about Apple’s production move here.

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Renewable energy breakthrough: Scientists economically extract hydrogen from oil | Science | News

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This method could be used to power hydrogen-powered vehicles, in addition to generating electricity. Hydrogen is regarded as an efficient transport fuel, similar to traditonal fuels such as petrol and diesel, without the associated pollution problems. The process can extract hydrogen from existing oil sands reservoirs, with large supplies found in Canada and Venezuela.

This revolutionary process can be applied to mainstream oil fields, causing them to produce hydrogen instead of oil.

Although hydrogen-powered vehicles are known to be efficient, the high price of extracting hydrogen from oil reserves means the technology has not been economically viable.

However, engineers have now developed an economical method of extracting hydrogen from oil sands.

Dr Ian Gates, of the Department of Chemical Engineering at the University of Calgary, said: “There are vast oil sand reservoirs in several countries, with huge fields in Alberta in Canada, but also in Venezuela and other countries.”

READ MORE: Solar power electric forecourt to charge electric cars in just TEN minutes

Oil fields, even abandoned ones, still contain significant amounts of oil.

The researchers found that injecting oxygen into the fields raises the temperature and liberates hydrogen, which can then be separated from other gases via specialist filters.

Hydrogen is not pre-existing in the reservoirs, but the addition of oxygen means the reaction to form hydrogen can occur.

Grant Strem, CEO of Proton Technologies which is commercialising the process, said: “This technique can draw up huge quantities of hydrogen while leaving the carbon in the ground.

READ MORE: Ford Mustang with Tesla-inspired interior set for UK debut

“When working at production level, we anticipate we will be able to use the existing infrastructure and distribution chains to produce H2 for between 10 and 50 cents per kilo.

“This means it potentially costs a fraction of gasoline for equivalent output”.

This compares with current H2 production costs of around $2/kg (£1.65/kg).

Around five percent of the hydrogen produced then powers the oxygen production plant, so the system more than pays for itself.

READ MORE: New Nissan Leaf e+ 2019 REVEALED

Mr Strem stress the economics of the process is favourable.

He said: ”What comes out of the ground is hydrogen gas, so we don’t have the huge above-ground purification costs associated with oil refining: we use the ground as our reaction vessel.

“Just taking Alberta as an example, we have the potential to supply Canada’s entire electricity requirement for 330 years.”

Canada uses approximately 2.5 percent of the world’s electricity – approximately the same amount as Germany.

Mr Strem added: “Our initial aim is to scale up the production from Canadian oil sands, but in fact, we anticipate that most of the interest in this process will come from outside Canada, as the economics and the environmental implications make people look very hard at whether they want to continue conventional oil production.

“The only product of this process is hydrogen, meaning that it the technology is effectively pollution and emission free.

“All the other gases remain in the ground because they cannot go through the hydrogen filter and up to the surface”.

Professor Brian Horsfield, of the GFZ German Research Centre for Geosciences said: “The research is highly innovative and exciting.

“It’s an adaptation of some 1970’s fire-flood production concepts, but tuned to a modern day perspective.

“Declining oil field production infrastructures now stand to get a new lease of life.

“Extensive field testing will be crucial in assessing how the system works on industrial scales and over time”

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