I think the worst fase of the new scenario of the acquirance business is over.
Indicador CIELO RDCD
margem líquida 37,80% 36,30%
ROL (2Q11/1Q11) 3,40% 9,50%
Costs (2Q11/1Q11) 9,90% 4,80%
Expenses (2Q11/1Q11) -14,80% 10,70%
MDR credit 1,17% 1,15%
MDR debit 0,74% 0,74%
MDR credit (2Q11/1Q11) -0,05pp +0,02pp
MDR debit (2Q11/1Q11) -0,02pp +0,03pp
POS rent revenue (2Q11/1Q11) -1,20% 4,60%
Prepaiment result (2Q11/1Q11) 16,20% 11,90%
Credit volume of transacions (2Q11/1Q11)5,60% 9,80%
Debit volume of transacions (2Q11/1Q11) 7,40% 4%
Cost/transaction (BRL) 0,313 0,374
Thursday, July 28, 2011
RDCD x CIEL
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5 comments:
I think that for the first time RDCD results came better then CIEL's.
Those results show that RDCD's strategy changed since the change of CEO.
They are looking more to the margins and less to the volume.
It's good for both CIEL and RDCD.
The data also show some reasons why I like CIEL the most: smaller cost per transaction (economies of scale) and more growth potencial in the prepaiment business.
“Acreditamos que há riscos de companhias de telecomunicações começarem a oferecer produtos e soluções similares”
http://exame.abril.com.br/mercados/noticias/fantasma-da-concorrencia-ainda-assombra-acoes-da-redecard-diz-planner
http://economia.estadao.com.br/noticias/suas-contas,19-acoes-ignoram-queda-da-bolsa-e-sobem,88421,0.htm
http://www.infomoney.com.br/cielo/noticia/2244680-lucro+cielo+recua+terceiro+trimestre+para+457+milhoes
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