Good article about the where the industry is heading and the positive impact on SMP going forward.
http://www.australianbankingfinance.com/new-zealand/bank-payment-monopoly-shifting/
With SMP to become a merchant acquirer, this will be a game changer! Margins with double and share price to take off!
SMP will get a clip of 1-2% every time someone uses a credit card! At present the total fee pool in Oz is $2B pa! SMP only need a slice of that.
Petra have a 30c short term target! On a PE of 8X for 2018.
SMP - Merchant Acquirer
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Last
$1.17 |
Change
-0.035(2.92%) |
Mkt cap ! $282.0M | |||
| Open | High | Low | Value | Volume |
| $1.15 | $1.17 | $1.14 | $10.42K | 9.054K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 39470 | $1.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.17 | 2136 | 1 |
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| Last trade - 15.47pm 05/07/2024 (20 minute delay) ? |
| SMP (ASX) Chart |