Receipts from customers last quarter was only $749,000 and they had running costs of almost $2.8m , this new deal will take some time to bear any fruit imo- besides the new partner only has access to a current 11,000 merchant customers . MNW already offers its payment system to MYOB which has much much more merchants than that. Cant see the reason for the 80% increase boosting MNW market valuation to $68m
Banks are coming out with their own payment system in 2017 replacing cash and cheques , will that impact MNW ??.
MNW Price at posting:
12.0¢ Sentiment: None Disclosure: Not Held