One interesting point is the dollar value they put on Malaysia for 2021 - approximately $480 million USD (approx 660 million AUD). We are still in our infancy, but this quarter just gone I expect us to achieve approx $10 million TTV. Coming quarters I am expecting minimum 50% increase each quarter. I think it will be more if the rollout keeps going the way it is and Malaysia gets a hold on COVID.
Even based on the 50% increase, that would give us about $70 million TTV for the year - though I believe it will be more than this. That would give us a 11% share of the Malaysian market. For a first year of operation and literally starting from scratch in a new area, I think that would be a good achievement.
Add to that the approx $4 million profit from IDSB(if they pay it out in full) and the moneys from our digital transactions which was up to 27 million a month at last ANN. To put in perspective, this time last year we were doing 17 million transactions a month. There are so many things to look forward to with IOU. I don't think the current share price reflects any of the above as yet and the above is the tip of the iceberg. There are so many things they are involved in, I can't wait to see the next 2-3 quarterly ANNs. I think they will be crackers and the market will finally waken up to what IOU is about and not just be a punching bag for DTers and brokers.
The big one in that article above though is this - US$ 3,571.8 million by 2028.
3.5 billion by 2028. If we could get our share by then from 10% up to 30% or 40% we are talking about over $1 billion TTV and that is solely within Malaysia. Doesn't include any other territories, which hopefully we'll be able to start working on some time next year
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