SP1 0.00% $1.07 southern cross payments ltd

Unless we have significant off screen selling (like we saw this...

  1. 1,488 Posts.
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    Unless we have significant off screen selling (like we saw this morning at 22), looks like demand will continue to exceed supply and drive it higher.

    30c+ tomorrow unless US takes a big hit IMO. After yesterday's small jump, bought on open today then averaged up as it became clear there was plenty of demand.

    Could very easily be double current price or more. Even at $15m market cap, it's not expensive if they can generate some decent profits from apps. Might take some time but if they can squeeze $1m on bottom line, apply an REA/FLN PE and you get closer to the magic $1.

    Personally I'm not sold on the HomeOpen app yet (having been involved with other developers in this space). It is the other potential apps that they acquire or that "come to them" that excites me
 
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