Wow...CCA has just transformed itself from a US only MasterCard Processor for Prepaid cards into a Global Processor operating in 35 countries processing Visa, MasterCard, AMEX, JCB, Union Pay & Discover doing Prepaid, Debit and Credit Cards, EMV, and Virtual Cards!! Clients are Citi, HSBC, NAB, ANZ, Woolies, etc...The business they bought just grew 37% last year without a sales team.
This has bought their tech development forward 2 years and they would have to spend $4m to build it themselves and they have paid $7m for all this and makes the entire business entirely profitable from day 1.
This is a deal of the century...Marqeta is listing on Nasdaq Q1 2021 at >US$8 billion market cap and they are only 5 years ahead of CCA with the US processing market growing 26% CAGR...at $1.00, CCA is only a US$300m mkt cap.
Also signed up first 10 clients from Kansas City .... which will add at least US$2m rev per annum...incredible.If it trades on the same multiple as EML, its 60 cents per share and EML has 60% of it rev coming from the low growth (3%) gift and incentive shopping mall cards, so i think this deserves a massive premium.
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Ann: Strategic Acquisition - Company Presentation, page-5
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Last
8.5¢ |
Change
0.003(3.66%) |
Mkt cap ! $53.35M |
Open | High | Low | Value | Volume |
8.0¢ | 8.5¢ | 8.0¢ | $37.57K | 455.3K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 13000 | 8.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.5¢ | 135500 | 2 |
View Market Depth
No. | Vol. | Price($) |
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1 | 13000 | 0.082 |
1 | 90000 | 0.080 |
2 | 203000 | 0.077 |
3 | 311578 | 0.076 |
4 | 769137 | 0.075 |
Price($) | Vol. | No. |
---|---|---|
0.085 | 135500 | 2 |
0.090 | 165000 | 2 |
0.094 | 14063 | 1 |
0.095 | 144444 | 2 |
0.097 | 20000 | 1 |
Last trade - 16.10pm 03/09/2024 (20 minute delay) ? |
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