SMP 0.66% $1.13 smartpay holdings limited

Ann: FY24 Interim Result Presentation, page-2

  1. 5,646 Posts.
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    I hate it when something is clearly affecting performance but there isn't an explanation. They recently had a cyber breach. They now have a whole heap more employees that have seen most of the good increase in revenue eat that up. I would have thought that that deserved a better unpacking in the results.

    If the new employees are for growth and impact to come - then good but if its to fix holes they have in their system then no it isn't growth expenses but a change to the business cost model.

    Over the years I have realized that I don't get a lot of details from this stock.
 
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