$1 Club, page-26564

I agree. The transaction business has not been valued previously and I also agree BNPL is out of favor. Losses posted by APT and Z1P solidified this fact. Couple that with inflation and it's like a fairytale gone very wrong. I see mobile transactions as an offset for BNPL losses. I would also argue that management haven't been fixated on growth and expansion which was the reason for the big losses that I previously mentioned. The IDSB is another move to bolster the bottom line as well. BNPL can be profitable however it's a lot like card transaction fees. They only become economical at scale. A business can't sit around losing money hand over fist and expect to be valued favourably by the market forever.

I respect your opinion @mondyinvest you're a straight shooter and you've made your investment decisions based on research and I don't consider anything you've said to be downramping.