If the 4C well and truly shoots the lights out, then the sky is the limit. If growth has been subdued then the price will sit idle for a while longer.
I reckon we're going to see some very positive numbers come through in the December quarter. Remember there were larger merchants onboarded which would be active through the December reporting period. We still have delayed mobile banking and digital payment transactions to come through because of the previous lockdown. Plenty of areas that could light a fire under the share price. Maybe we're just seeing some kindling. Technically oversold after the previous run up and now the share price is gaining ground. I want to see profits, profits and more profits. Or at least the clearest pathway to profits which indicates a viable business model. Bring on the 4C!
IOU Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held
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