This is by far my worst share for 2021. I made a decent return on QFE in 2020 on the run up, sold out and re-entered QFE mid year thinking the share price weakness would end on the back of decent announcements. Man did i get that wrong, the SP just kept going down.
This presentation does give me confidence that things will turn around at some point in 2022. Increasing Merchant sign ups and ISOs being on boarded should drive volume growth in lending and payment volumes in turn increasing revenues. Hopefully a good half yearly will change sentiment and reverse the trend but at this stage BNPL/FinTech industry is one investors are not keen on, just look at APT and ZIP. On the back of a good half yearly and If the SP goes any lower in the meantime i will need to average down. DYOR
QFE Price at posting:
15.0¢ Sentiment: Hold Disclosure: Held
