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Phantom77

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29/07/21

06:01

Post #: 54853044
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Originally posted by mrspeculator: ↑

There are a number of tough questions there and they require a crystal ball. At the moment, EML is trapped in the $3.50 to $4 channel, and so far it's holding well. The PFS issue is the reason why its wings have been clipped. Until that issue is resolved, EML won't be out of its "lockdown."
As for Apple, the article seems to infer that Apple will be a disruptor to the BNPL space, and you can see that sector cooling off. I'm hoping some of those holders come to our side.
It did say that Apple may move into the wider fintech space and this may affect EML should they move into open banking, but that's a while off yet. Remember that Apple will only be able to attract a market base that uses their devices, so presumably, Samsung could get into that space too. It's pretty complicated and needs regulatory approval for it all to happen.
As EML already works with ApplePay, further partnerships could arise from Apple wanting further penetration into Australia's fintech sector.
For now, there are too many 'ifs' and at times like this when you're sailing through the fog, all you can do is trust the map and compass
EML has great management. Tom's expertise and knowledge is one reason I continue to hold.

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hi
thanks for the reply.

i was a bit wary of Apple moving into the fintech space.

i am thinking of averaging down as i bought in the high.

As another person said on here - worst case, this drops to $2.50 for a few days and back to $3 plus if it loses the banking licence.

Is there anythng that can derail the sp, apart from the issues mentioned above. I.e. omega variant of cov19

i just see this business expanding but not fully appreciating the risk...that why i like to listen to other people's opinion and view.

EML Price at posting: $3.62 Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

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