$1 Club, page-31774

Back when it was ICU? That answer is resounding NO. At least back then they were hell bent on growing the transaction side, past 2 years with T levels up just a tad.
However, If you consider the potential and the asset value, the answer is YES, undervalued, but...., recycling the NTV into bnpl TTV isn't going to improve the intrinsic values, yes, it will tick along with ~7% of ~7%, but this underlines the attitude to growth by the market. The market sees there is potential but the company doesn't show much interest at this time, and happy to let the opposition take market share while it procrastinates......just look at the deals like ipay88 they just can't close, 18months of negotiations and zilch, the funding of idsb T2 payment. ($3m escrowed is a good thing as they should only need ~$1m cash) slow.
I jdidnt they seek say $5m recycling funding back in May to at least maintain the bnpl growth? The debt would be easily managed on 7% revenues x4. Seems all the marketing costs are wasted or maybe the market ain't there, the latter l dont believe is true. The other concern is cash burn running at $4.2m per Q.
Despite the concerns l expect to see the SP improving over the near term, however as for undervalued, the market price what reflects on results, not just rhetoric.
Still holding
Stig
IMO only. Not advice just musings