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Net 1 Ueps Technologies Inc

Net 1 Ueps Technologies Inc (UEPS)

4.58
0.00
(0.00%)
Closed March 27 04:00PM
4.58
0.00
( 0.00% )
Pre Market: 08:00PM

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Key stats and details

Current Price
4.58
Bid
3.85
Ask
6.50
Volume
-
0.00 Day's Range 0.00
0.00 52 Week Range 0.00
Market Cap
Previous Close
4.58
Open
-
Last Trade
Last Trade Time
-
Financial Volume
-
VWAP
-
Average Volume (3m)
-
Shares Outstanding
61,621,000
Dividend Yield
-
PE Ratio
-8.05
Earnings Per Share (EPS)
-0.57
Revenue
527.97M
Net Profit
-35.07M

About Net 1 Ueps Technologies Inc

Net 1 UEPS Technologies Inc provides payment solutions, transaction processing solutions, and financial technologies. The company operates through three segments. The South Africa transaction processing segment primarily comprises a welfare benefit distribution service provided to the South African ... Net 1 UEPS Technologies Inc provides payment solutions, transaction processing solutions, and financial technologies. The company operates through three segments. The South Africa transaction processing segment primarily comprises a welfare benefit distribution service provided to the South African government and transaction processing services for retailers, utilities, and others. The international transaction processing segment primarily consists of the company's operations in South Korea that involve providing payment-processing services. The financial inclusion and applied technologies segment provide short-term loans, smart card accounts, and other services. The company derives its revenue primarily from the South African and South Korean markets. Show more

Sector
Functions Rel To Dep Bkg,nec
Industry
Cmp Integrated Sys Design
Website
Headquarters
Tallahassee, Florida, USA
Founded
2015

UEPS Latest News

No news to show yet.
PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
10000000CS
40000000CS
120000000CS
260000000CS
520000000CS
1560000000CS
2600000000CS

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UEPS Discussion

View Posts
EMPATHY EMPATHY 2 years ago
Net 1 UEPS Technologies (NASDAQ:UEPS) Upgraded to Hold by Zacks Investment Research
.
https://www.marketbeat.com/instant-alerts/nasdaq-ueps-a-buy-or-sell-right-now-2022-01-2/


$UEPS
👍️0
JohnQQ JohnQQ 3 years ago
New Article https://stockmarketrevolution.com/archives/26736

Net 1 UEPS Technologies Inc $UEPS: Cash per share is equal to $3, and the stock price is $5.65.
👍️0
conix conix 3 years ago
Insiders buying UEPS

UEPS'

Net 1 UEPS Technologies Monde Nkosi Director Buy 125,091 shares @ $5.49 $686,749.59 3/24/2021 $5.66

UEPS

Net 1 UEPS Technologies Value Capital Partners (Pty) L Major Shareholder Buy 35,425 shares @ $5.47 $193,774.75 3/25/2021 $5.66
👍️0
conix conix 4 years ago
UEPS Chart

👍️0
whytestocks whytestocks 4 years ago
News: $UEPS Net1 UEPS Technologies (UEPS) Q1 2020 Earnings Call Transcript

Image source: The Motley Fool. Net1 UEPS Technologies   (NASDAQ: UEPS) Q1 2020 Earnings Call Nov 08, 2019 , 8:00 a.m. ET Operator Continue reading

Find out more UEPS - Net1 UEPS Technologies (UEPS) Q1 2020 Earnings Call Transcript
👍️0
fitzwell11 fitzwell11 6 years ago
$600,000 insider buy on 12/21

$UEPS
👍️0
fitzwell11 fitzwell11 6 years ago
This will be a big 2018 mover

$UEPS
👍️0
bryyep649 bryyep649 6 years ago
Just can’t understand why this stock has not been discovered for block chain and crypto play
👍️0
Billybob_TX Billybob_TX 6 years ago
$UEPS Excellent SA article out today: https://seekingalpha.com/article/4127644-net1-ueps-technologies-will-benefit-cryptocurrency-mania
👍️0
stocktrademan stocktrademan 6 years ago
UEPS buy 10.945

double bottom
bullish divergence
macd zero crossup
high volume breakout confirmation


















normal chart




log chart



👍️0
budgetthis budgetthis 6 years ago
Hello !!?? Anybody in this little beauty ??

I have 20 Dec 15th $12 calls at $.60 cents........looking to sell in the dollars......many dollars....lol.

Happy Thanksgiving, all !!

Budget
👍️0
r clarke r clarke 7 years ago
Sorry, havent been checking this board since it was so inactive for awhile.

I actually shorted when it spiked to 11 and just covered at 10.50

If it spikes back to 11 I might consider another short, but pps is
seeing more support than I thought would occur.

Not sure I'd at what point I'd be buying, lot to consider.

Acquisitions are a positive, as are revenue and PE.

... but heard some rumblings about illegalities and possible revenue decline?

Target remains at $16, I do have a buy in just above $10 in case there's some volatility during the day.


👍️0
ernie44 ernie44 7 years ago
ME2 --plse let me know when you get in
👍️0
r clarke r clarke 7 years ago
Moved up 3% on a DOW plus 121 day, but RSI is also getting high.

I think I'm out for now.
👍️0
ernie44 ernie44 7 years ago
MICROCHIP 101- USA dragging banks feet

is why my limitation to invest in Net1
👍️0
r clarke r clarke 7 years ago
UEPS invests in Cell C.

Payments processing and technology firm Net 1 is buying 117.9 million Blue Label shares for 2 billion rand, giving it a 15 percent stake in the airtime distributor.

Net 1 expects to pay for the transaction through a combination of cash and debt plus the issuance of five million shares, the company said on Wednesday

They will reportedly issue 5 million shares at $9


This debt and dilution have me very concerned.
I doubt UEPS is going to hold $11

... not with 5M shares being sold at $9

It probably will slip a dollar or more short term?
👍️0
ernie44 ernie44 7 years ago
NET 1 has been around for years so what

caused the stability ---and how many consolidations
👍️0
stocktrademan stocktrademan 8 years ago
$UEPS recent news/filings

bullish 15.46
61.8% fib retracement
bouncing off horizontal chart support and resistance level
higher highs higher lows uptrend channel
hammer candlestick reversal
stochastics oversold and coming back up

## source: finance.yahoo.com

Tue, 17 Nov 2015 17:18:31 GMT ~ ZAZOO's VCpay Wins at the 2015 Apps Africa Innovation Awards

[at noodls] - JOHANNESBURG, SOUTH AFRICA-- (Marketwired -- 11/17/15-- VCpay ™, a mobile application by ZAZOO, a business unit of Net 1 UEPS Technologies, Inc/A>. ('Net1') (NASDAQ: UEPS)(JSE: NT1)has won the 'Best ...

read full: http://www.noodls.com/view/98E93F12A2076BBCB4BA93BB8924D06B80BE77DA
*********************************************************

Tue, 17 Nov 2015 16:45:50 GMT ~ ZAZOO's VCpay Wins at the 2015 Apps Africa Innovation Awards

[Marketwired] - VCpay™, a mobile application by ZAZOO, a business unit of Net 1 UEPS Technologies, Inc. has won the 'Best Fintech Innovation' category at the Apps Africa Innovation 2015 awards, winning the honours ahead ...

read full: http://finance.yahoo.com/news/zazoos-vcpay-wins-2015-apps-164550210.html
*********************************************************

Fri, 13 Nov 2015 18:04:30 GMT ~ NET 1 UEPS TECHNOLOGIES INC Financials


read full: http://finance.yahoo.com/q/is?s=ueps
*********************************************************

Thu, 12 Nov 2015 21:51:43 GMT ~ NET 1 UEPS TECHNOLOGIES INC Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits


read full: http://biz.yahoo.com/e/151112/ueps8-k.html
*********************************************************

Thu, 12 Nov 2015 14:56:11 GMT ~ Net1 Reports Closure of Hawks Investigation in South Africa

[at noodls] - JOHANNESBURG, SOUTH AFRICA-- (Marketwired -- 11/12/15-- Net 1 UEPS Technologies, Inc.('Net1' or the 'Company') (NASDAQ: UEPS)(JSE: NT1)today provided an update on the investigation into allegations of ...

read full: http://www.noodls.com/view/421B37F5920E5B610F9932A65C1C8A5D961253DE
*********************************************************

$UEPS charts

basic chart ## source: stockcharts.com



basic chart ## source: stockscores.com



big daily chart ## source: stockcharts.com



big weekly chart ## source: stockcharts.com



$UEPS company information

## source: otcmarkets.com

Link: http://www.otcmarkets.com/stock/UEPS/company-info
Ticker: $UEPS
OTC Market Place: Not Available
CIK code: 0001041514
Company name: Net 1 UEPS Technologies, Inc.
Incorporated In: FL, USA

$UEPS share structure

## source: otcmarkets.com

Market Value: $731,608,973 a/o Nov 20, 2015
Shares Outstanding: 47,322,702 a/o Nov 03, 2015
Float: Not Available
Authorized Shares: Not Available
Par Value: 0.001

$UEPS extra dd links

Company name: Net 1 UEPS Technologies, Inc.
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/UEPS/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/UEPS/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=UEPS+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=UEPS+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=UEPS+Industry

## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/UEPS/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/UEPS/news - http://finance.yahoo.com/q/h?s=UEPS+Headlines

## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/UEPS/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/UEPS/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/UEPS/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/UEPS/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/UEPS/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/UEPS/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/UEPS/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/UEPS/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=UEPS+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/UEPS
DTCC (dtcc.com): http://search2.dtcc.com/?q=Net+1+UEPS+Technologies%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Net+1+UEPS+Technologies%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Net+1+UEPS+Technologies%2C+Inc.&x=0&y=0

## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/UEPS/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/UEPS
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/UEPS/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/UEPS/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/UEPS/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001041514&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/UEPS/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/UEPS/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/UEPS/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/UEPS/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=UEPS&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=UEPS
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/UEPS/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=UEPS+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=UEPS+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=UEPS
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=UEPS
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=UEPS+Cash+Flow&annual

## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/UEPS/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=UEPS+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/UEPS.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=UEPS
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/UEPS/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/UEPS/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/UEPS/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/UEPS/insider-transactions

## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/UEPS
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/UEPS
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/UEPS:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=UEPS
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=UEPS



$UEPS DD Notes ~ http://www.ddnotesmaker.com/UEPS
👍️0
stocktrademan stocktrademan 9 years ago
$UEPS recent news/filings

bullish

## source: finance.yahoo.com

Mon, 01 Jun 2015 14:39:00 GMT ~ Net1 Acquires Significant Minority Stake in Transact24 Group


read full: http://uk.finance.yahoo.com/news/net1-acquires-significant-minority-stake-143900529.html
*********************************************************

Thu, 28 May 2015 12:56:01 GMT ~ Net1 Acquires Significant Minority Stake in Transact24 Group

[at noodls] - « JOHANNESBURG, SOUTH AFRICA -- (Marketwired) -- 05/28/15 -- Net 1 UEPS Technologies, Inc. ('Net1' or the 'Company') (NASDAQ: UEPS) (JSE: NT1) today announced that it has acquired a 43.88% interest in ...

read full: http://www.noodls.com/view/36DCCB27ABEB3048B20457C817398B3DC3FEB494
*********************************************************

Thu, 28 May 2015 12:30:00 GMT ~ Net1 Acquires Significant Minority Stake in Transact24 Group

[Marketwired] - Net 1 UEPS Technologies, Inc. today announced that it has acquired a 43.88% interest in Transact24 Limited , a specialist Hong Kong-based payment services company.T24's primary business...

read full: http://finance.yahoo.com/news/net1-acquires-significant-minority-stake-123000616.html
*********************************************************

Mon, 18 May 2015 20:12:20 GMT ~ NET 1 UEPS TECHNOLOGIES INC Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits


read full: http://biz.yahoo.com/e/150518/ueps8-k.html
*********************************************************

Mon, 18 May 2015 13:19:50 GMT ~ Net 1 UEPS withdraws from S.Africa welfare grants tender, shares dip


read full: http://finance.yahoo.com/news/net-1-ueps-withdraws-africa-131950874.html
*********************************************************

$UEPS charts

basic chart ## source: stockcharts.com



basic chart ## source: stockscores.com



big daily chart ## source: stockcharts.com



big weekly chart ## source: stockcharts.com



$UEPS company information

## source: otcmarkets.com

Link: http://www.otcmarkets.com/stock/UEPS/company-info
Ticker: $UEPS
OTC Market Place: Not Available
CIK code: 0001041514
Company name: Net 1 UEPS Technologies, Inc.
Incorporated In: FL, USA

$UEPS share structure

## source: otcmarkets.com

Market Value: $675,803,718 a/o May 29, 2015
Shares Outstanding: 46,607,153 a/o May 05, 2015
Float: Not Available
Authorized Shares: Not Available
Par Value: 0.001

$UEPS extra dd links

Company name: Net 1 UEPS Technologies, Inc.
## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/UEPS/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/UEPS/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=UEPS+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=UEPS+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=UEPS+Industry

## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/UEPS/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/UEPS/news - http://finance.yahoo.com/q/h?s=UEPS+Headlines

## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/UEPS/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/UEPS/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/UEPS/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/UEPS/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/UEPS/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/UEPS/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/UEPS/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/UEPS/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=UEPS+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/UEPS
DTCC (dtcc.com): http://search2.dtcc.com/?q=Net+1+UEPS+Technologies%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Net+1+UEPS+Technologies%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Net+1+UEPS+Technologies%2C+Inc.&x=0&y=0

## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/UEPS/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/UEPS
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/UEPS/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/UEPS/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/UEPS/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001041514&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/UEPS/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/UEPS/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/UEPS/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/UEPS/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=UEPS&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=UEPS
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/UEPS/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=UEPS+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=UEPS+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=UEPS
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=UEPS
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=UEPS+Cash+Flow&annual

## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/UEPS/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=UEPS+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/UEPS.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=UEPS
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/UEPS/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/UEPS/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/UEPS/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/UEPS/insider-transactions

## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/UEPS
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/UEPS
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/UEPS:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=UEPS
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=UEPS



$UEPS DD Notes ~ http://www.ddnotesmaker.com/UEPS
👍️0
ClarkKant ClarkKant 10 years ago
Net1 finalises R264m BEE deal

Net 1 UEPS Technologies, the company that administers the national R10 billion social grant contract, has finalised a black economic empowerment (BEE) deal for R264 million, more than a year after it was first mooted.

Net 1 said yesterday that all conditions on the relationship agreements with its BEE partners had been fulfilled. The transaction was delayed last year to allow the company to deal with reputational damage and negative publicity concerning the social grant contract.

The payments implementer has issued 4.1 million shares to Business Venture Investments No 1567 and 300 000 shares to Born Free Investments at R60 a share. The consortium is led by Mosomo Investment Holdings.

http://www.iol.co.za/business/companies/net1-finalises-r264m-bee-deal-1.1677368#.U0_Fa_ldXTo
👍️0
TheFinalCD TheFinalCD 10 years ago

South African Constitutional Court Sets Aside Appeals Court Decision





Net 1 Ueps Technologies, Inc. (MM) (NASDAQ:UEPS)
Intraday Stock Chart

Today : Friday 29 November 2013
Click Here for more Net 1 Ueps Technologies, Inc. (MM) Charts.
South African Constitutional Court Sets Aside Appeals Court Decision

JOHANNESBURG, SOUTH AFRICA--(Marketwired - Nov 29, 2013) - Net 1 UEPS Technologies Inc. (NASDAQ:UEPS)(JSE:NT1) today announced that the South African Constitutional Court ("Constitutional Court") ruled that the tender process followed by the South African Social Security Agency ("SASSA") in awarding a contract to Net1's wholly owned subsidiary Cash Paymaster Services (Proprietary) Limited ("CPS") was constitutionally invalid. However, the Constitutional Court suspended its declaration of invalidity pending determination of a just and equitable remedy. The grant of a just and equitable remedy is reserved pending a further hearing, which has been set for February 11, 2014. The parties have been ordered to submit additional information on affidavit by January 30, 2014. Finally, the Constitutional Court ordered the CEO of SASSA, SASSA and the Company to pay costs, including the cost of three counsel, in the High Court, South African Appeals Court and the Constitutional Court to AllPay Consolidated Investment Holdings Limited ("AllPay").

The Company cannot predict what the outcome of the February 2014 hearing will be. The contract between SASSA and CPS to distribute social welfare grants to ten million South Africans every month remains in full force and effect until the Constitutional Court determines the appropriate remedy.

The Constitutional Court is the highest court in South Africa and this judgment follows an appeal by AllPay, an unsuccessful bidder, against the unanimous judgment by the South African Appeals Court on March 27, 2013, that the tender process was valid and legal. The full Constitutional Court judgment is available on the Company's website at www.net1.com.

The Company may issue further comment on the ruling once it has had sufficient time to study the full judgment.

About Net1 (www.net1.com)

Net1 is a leading provider of alternative payment systems that leverage its Universal Electronic Payment System, or UEPS, to facilitate biometrically secure, real-time electronic transaction processing to unbanked and under-banked populations of developing economies around the world in an online or offline environment. Net1's UEPS/EMV solution is also completely interoperable with global EMV standards that seamlessly permit access to all the UEPS functionality in a traditional EMV environment. In addition to payments, UEPS can be used for banking, healthcare management, payroll, remittances, voting and identification.

Net1 operates market-leading payment processors in South Africa, Republic of Korea, and Ghana. In addition, Net1's proprietary Mobile Virtual Card technology offers secure mobile payments and banking services in developed and emerging countries while its MediKredit and XeoHealth subsidiaries provide its proprietary 5010 and ICD-10 compliant real-time claims adjudication system.

Net1 has a primary listing on the Nasdaq and a secondary listing on the JSE Limited.

Forward-Looking Statements

This announcement contains forward-looking statements that involve known and unknown risks and uncertainties. A discussion of various factors that cause our actual results, levels of activity, performance or achievements to differ materially from those expressed in such forward-looking statements are included in our filings with the Securities and Exchange Commission. We undertake no obligation to revise any of these statements to reflect future events.


Investor Relations Contact:
Net 1 UEPS Technologies Inc.
Dhruv Chopra
Managing Director
+1-917-767-6722
dchopra@net1.com

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TR4GEDY TR4GEDY 11 years ago
What was the reason for the run up today?
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cheapstocks cheapstocks 11 years ago
Cant wait to short this one
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Lawrence 147 Lawrence 147 11 years ago
I don't know what happened either; haven't even looked at it in 6 months took it off my radar at $5.00 when I sold and it crept up and leveled out. I just was looking at the TOPS list and remembered it.
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Penny Roger$ Penny Roger$ 11 years ago
Wow! this still has gas in the tank. In 2008 this one did not take a massive hit like many many others did. I wish I had CBS calls every week since the crash..

ttyl
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Penny Roger$ Penny Roger$ 11 years ago
I wouldn't have a clue as to why this moved or who they were prior. Also chart was very deceptive in forming. Many probably feared a gap in the other direction. Also looks like a short stomper here. I wonder how many shorts were obliterated.
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Lawrence 147 Lawrence 147 11 years ago
Wishing I hung onto this one too, LOL Oh well
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pattiofurniture pattiofurniture 11 years ago
same here

we may go back to the 90's, not the 1890's---the 1990's
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Penny Roger$ Penny Roger$ 11 years ago
"Imagine convenient, secure cashless transactions:"

Could be around the corner they say in certain circles.

Checking UEPS out here..
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Penny Roger$ Penny Roger$ 11 years ago
I been in and out and get 30 inbox a day.. Checking UEPS out here..
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Lawrence 147 Lawrence 147 11 years ago
Not interested I take it?
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Lawrence 147 Lawrence 147 11 years ago
This is sure a crazy one today. Looks like someone thinks good news is comming out and the rest just want to wait.
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deadjim deadjim 11 years ago
I'm out completely but yeah lookin good.. Shouldn't break 5 again if going higher
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Lawrence 147 Lawrence 147 11 years ago
Could get fiered up here again today on the news.
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Lawrence 147 Lawrence 147 11 years ago
Missed it by a bunch; Still believe in monday
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Lawrence 147 Lawrence 147 11 years ago
So many day traders shorting this early, this could turn into a HOD close.
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Lawrence 147 Lawrence 147 11 years ago
Estimated close around $5.30 give or take with AH trades going to $5.60 probably Monday morning.
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Lawrence 147 Lawrence 147 11 years ago
Look at that bid ask spread .01 to .05. If you are trading this stuff keep you ask high day traders are trying to cash out and they all sold short. EOD could get very interesting.

A low volume take down for sure.
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Lawrence 147 Lawrence 147 11 years ago
I think you are right, but it is Friday and the only thing that counts today is the close. Will have to see how the day traders end this when they close.
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TexasRambler TexasRambler 11 years ago
still here and watching from the sidelines.
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deadjim deadjim 11 years ago
lotta people are shorting this up here. i hold 1/5 of my original position... holding on for dear life. willing to risk a few more cents on since average is 3.30s.. 5 break probably ends the move. but with everybody getting s/s up here, if it pops could squeeze more. totally expecting this to be the top though for now.
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philca philca 11 years ago
I'll hope you're right.
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Lawrence 147 Lawrence 147 11 years ago
$6 or better on Monday, thats what I am betting on.
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philca philca 11 years ago
I'm out at 5.26$....more than 50% profit and that in a few days...not bad...
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deadjim deadjim 11 years ago
just a few. looking toppy up here.

maybe goes higher later, but what's the point in sitting in it.. gonna toss rest if open breaks
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philca philca 11 years ago
Everybody, still in???
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philca philca 11 years ago
Hey boys, anyone home??????
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TexasRambler TexasRambler 11 years ago
Oh boy, Did I look like snooty or whaT!! I should have said I am satisfied with the trades I made. I was not trying to be a smartAzz. I also meant to say It (the stock) may continue to go up..

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deadjim deadjim 11 years ago
i'm not sure how to interpret this comment.


edit:

think i got it now. : )
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TexasRambler TexasRambler 11 years ago
funny you mention that. i sold from 3.73- 3.82. I may continue to go up. But I am good with my trades.
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