this is a marginal business.
example:
100 customer spending $1000. Total transaction $100,000
revenue 4% gives $4000.
now with 2% bad debt my interpretation is that 2 out of those 100 customers hit the $1,000 threshold and bye bye. This $2,000 or 50% of revenue it is massive.
Ann: May Trading Update - Another Strong Month During Covid, page-88
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Last
$3.00 |
Change
0.110(3.81%) |
Mkt cap ! $3.916B | |||
| Open | High | Low | Value | Volume |
| $2.92 | $3.00 | $2.92 | $36.33M | 12.20M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 14534 | $2.99 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.00 | 728349 | 93 |
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