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Ann: Demerger of European Businesses, page-567

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JoeGambler

7,379 Posts.

2117

21/02/24

17:41

Post #: 72519851
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Originally posted by BJReplay: ↑

How much money is the Clearpay business making? I couldn't find anything, but it must be my fading eyesight.

All I could find in the annual report was: "ISXFEU additionally owns 59% of ClearPay Pty Ltd, a start-up venture co-owned 41% by the NSXL, that seeks to enter the clearing and settlement sector, currently monopolised by the Australian Securities Exchange wholly owned subsidiary, ASXClear."

I assume that's called out in the accounts, even if the flykk business isn't. Since you're apparently an insider, according to others on HC (I wouldn't dare allege that you are), you must know.

That win in the AAT, which only took... checks notes... 3 years ("On 5 January 2021, the Applicant filed a Notice of Intention to Defend the opposition.") must have been worthwhile, for such a key part of the business.

It seems like the AAT is the right strategy to avoid disclosures for the Top Hat Prospectus. Shouldn't take long - no more than three years. Or cost much.

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Clearpay was written down to zero in the NSX accounts.

SP1 Price at posting: $1.07 Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

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