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11/09/19
14:08
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Originally posted by thepylee:
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Also, with Xinja getting their APRA ADI license on 9th Sept, the immense coverage they are getting is bonkers. So, imagine that amount of coverage, with mentions of PayPal and also rising earnings and healthy balance sheet with shitloads of potential going ahead. A small sample size is NAB banks exit of high risk merchants worth over $30bil GPTV. A small 10% piece of that pie, at roughly 2% basis points(MSF were getting now) already gives $60mil revenue annually. This is only from that pie that NAB left for the market as they exit. What about the rest?
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Agreed, thepylee. And that's just in Australia. Add in Europe earnings and its easy to see how the company will get to over $100 Million annual EBIT in a few years time.