The money that comes back goes back out again assuming zero BNPL growth.
Unless they scale back their BNPL transactional volumes the $13mil paid out to merchants will stay out of IOU's bank accounts and just get cycled and cycled to different merchants.
Also the $13mil will get whittled down with $500k and $1mil cash costs in marketing and labour expense respectively.
Do you understand the mechanics here?
Ann: March Quarterly Activities Report, page-39
Add OVT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.7¢ |
Change
-0.001(12.5%) |
Mkt cap ! $8.680M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.9¢ | 0.7¢ | $47.64K | 5.850M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 5940815 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 1124804 | 3 |
View Market Depth
| Last trade - 16.10pm 10/07/2024 (20 minute delay) ? |
| OVT (ASX) Chart |