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thorndog

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16/12/20

12:44

Post #: 49619204
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Originally posted by Vasso: ↑

I see openpay just released their results for November...Their Total transaction volume (TTV) for November was $35.7m ...Which to me sounds like very similar Merchant transactions to what SPT had in Q3 ( SPT in Q3 did approx $23m per month) .. I know this is still a bit off the $35m for OPY but openpay share price is around the $2.20-2.5.

In addition OPY customer base is "427k" which SPT is not too far of as they have 410K customer.

Out of all the other buy now pay later Open pay is the one that has the closest TTV to SPT yet its share price is double. So I am interested to see if SPT pulls off a TTV of $35m for November will that put the share price in line with open pay.

I know there is a lot more to anaylise like business expenditures and different sales margins but this is just a very simplistic comparison.

I think people will start to realise SPT is under valued in my opinion.

Expand

one massive difference just on share price, below not exact but important if doing a compare which you did:

open pay shares on issue 89m (market cap / share price)

splitit shares on issue 306m

less open pay available means less available to buy off sellers so potential higher demand so the comparison you've made isn't realistic though appreciate this is more analysis over what you noted.

SPT Price at posting: $1.15 Sentiment: Buy Disclosure: Not Held
2 Upvote

0 Great analysis

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