Annual Report, Competitors & GPTV, page-3

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djwillis

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25/09/18

09:52

Post #: 35817854
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Originally posted by hotmix87 ↑

Annual report didnt focus on GPTV that much. Thinking about it, thats a continuous disclosure issue until we have a year in review.

When we do a have a year in review with earnings, has anyone looked at comparable companies? Payments companies are hot. Payment companies with emoney are sizzling.

Worldline P/E 51 times - Worldline is only payment services, no emoney services but the EU’s largest Visa and Mastercard acquirer. Mainly retail, very little high risk. They partnered with ISX, but presumably are one of the ones with technical issues impacting ISX.

Wirecard P/E 50 times - EU mainly player, ISX has said that it most closely tries to match the services offered. Wirecard is the EU’s broadest including eMoney and EMA style banking. Mainly high risk, but in adjacent sectors to ISX. Not directly competitive. Has overtaken Deutsche Bank market cap with 5% of the revenue! (DYOR!)

Paypal P/E 49 times global player, mainly emoney, retail, with payment services. No AML / high risk merchants, mainly low risk retain. Everyone knows PayPal

Worldpay P/E 29 times - EU player, mainly payments, no emoney, all sectors. Was broken out of Royal Bank of Scotland for anti monopoly reasons back in teh early 2000. Once of the original card processing companies in the EU.

Vantiv P/E 28 times - US player, recently bought Worldpay. Mainly North Americal card payments, no emoney.

Safecharge P/E 27 times - UK LSE, with mainly payments, no emoney. Focus on gambling. Is majority owned by Teddy Sagi, who was the main owner of Playtech

Australian Banks trade at multiples of 12-16.

What trades on the ASX at these multiples?

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A2Milk
ISX Price at posting: 16.5¢ Sentiment: Buy Disclosure: Held
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