SPT 0.00% 7.5¢ splitit payments ltd

Financials

  1. 225 Posts.
    lightbulb Created with Sketch. 110
    This is what $480m market cap gets you:
    - Latest 4c quarterly documentation:
    1) -$1.8m loss
    2) $7m cash in the bank

    - Latest Full Year report
    1) $1.6m revenue
    2) $1.1m gross profit
    3) -$22.6m operating expenses
    4) Net loss for FY19: -$21.4m
    5) $17.9m equity

    Splitit partnered with Visa on 02/03/2020 - That pump lasted 2 days.

    Eventually the stock dropped to 20c which is where fair value was accurated predicted and calculated here

    What has changed since the last time SPT hit $500m market cap on pure hype when it was $2?

    Traders like me had a lot of fun today, and likely will tomorrow as well.
    Investors, prepare for a slaughter in the coming weeks/months as this heads back to 20-30c in a few weeks/months when the Buy Now Pay Later (BNPL) sector cools off.

    GLTAH
    Last edited by PerfectAnalysis: 19/06/20
 
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