They had an offer price of $2.70 a few months ago and are sitting on a nice cash position. Even if they have a shocking 12-18 months I can't see how the valuation would drop that much.Interesting that you could not get hold of the stock at $2.75 in the IPO and they came on at around $3.40 in December and then kept going to around $5.40. The total company value is now $774 million (496 mil shares at $1.56) down from over two billion. However, they have growth of around 25-30 % a month in revenue, year on year. A banking license. Revenue of $117 million in the first half. Net assets of $201 million including $140 million cash at Jan 1. They have payments technology which is better ( more effective at accepting more payments and less costly) than any competitor. Many hospitality and accommodation businesses are indeed going to get hammered for a few months by the virus so there has to be a negative effect on some revenue. Also, the delay in getting assigned to market indexes due to S&P stopping all changes until the volatility reduces has delayed institutional demand. Maybe this is a stock to buy when there is a sign of a turn around in the epidemic it will certainly be worth a multiple of its present value in a couple of years IMO. It is a long term growth stock with a short term slow down in revenue growth momentum due to an extreme external event. I think it just is a matter of deciding on your time perspective.
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Last
89.0¢ |
Change
0.010(1.14%) |
Mkt cap ! $466.0M |
Open | High | Low | Value | Volume |
89.0¢ | 89.5¢ | 88.0¢ | $404.2K | 455.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
22 | 65079 | 89.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
89.5¢ | 24255 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
22 | 99056 | 0.890 |
12 | 41856 | 0.885 |
22 | 99356 | 0.880 |
13 | 55594 | 0.875 |
23 | 415054 | 0.870 |
Price($) | Vol. | No. |
---|---|---|
0.895 | 28276 | 8 |
0.900 | 77196 | 15 |
0.905 | 58307 | 12 |
0.910 | 99728 | 9 |
0.915 | 89549 | 9 |
Last trade - 11.30am 07/10/2024 (20 minute delay) ? |
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