Start you engines, page-26

Just trying to get my head around it
$400m mc
$90m NTA roughly
Layaway they tore up $5m in fair value last 6mths
Happay they invested $10m and technically turned it into $24m current value in 12 months
the other 2 investments are about agreed valuation (no movement yet)

Seems from quick analysis they would need to turn the $90m into say a 22%roi pa to justify today's market cap

they are definitely in the right or very wrong space (bnpl I'm not so in love with but sendle is good)

they get fed potential clients via Afterpay

some big names invested

they also do notes (convertible) which give you a predetermined income with possible share conversion upside

overall I think it's pricey at 57c but then again it's proven it can double an investment inside 12 months which could make it cheap

So I have no idea what to make of it
investing in a listed entity that invests in fintech type businesses with potential huge upside but huge risk

don't know might be worth a dabble and see how it tracks