Australia's largest stock trading and investment forum Australia's #1 stock forum

SP1

Click for more information

0.00%

$1.07 southern cross payments ltd

All good, there's plenty of foreign fintech companies, listed on...

First 183 Last

Share
Profile

Follow
Goldphish

883 Posts.

253

21/08/20

17:53

Post #: 46727758
Share

Originally posted by steve001: ↑

Some quick numbers:

Contracts Lost and AUD equivalent per annum:

Lottoland: 1,227,000 euro per month = approx $2,020,065 AUD per month or $24,240,780 AUD per annum.
Trustly: 1.9M to 2.9M euro per annum (say 2.4M midpoint avg) = approx $3,951,772 AUD per annum
Insight Group: 200,000 euro per annum = approx $329,381 AUD per annum
VGW: 1,410,333 USD per month = approx $1,961,598 AUD per month or $23,239,176 per annum.

Assume existing profitable operation was more than sufficient to cover overheads associated with generating the above income as such it all goes to bottom line.

Total AUD per annum increase profit is just over $52M, less tax is $36.4M use valuation multiple of 60 gives a rise in market cap of $2.184B or close to $2 per share.

From just 4 contracts per above.

Expand

All good, there's plenty of foreign fintech companies, listed on other exchanges, who have no doubt stepped in and serviced these customers. Thanks ASX.

ISX Price at posting: $1.07 Sentiment: Buy Disclosure: Held
12 Upvote

1 Great analysis

Reply

Top Stories

NYR

Nyrada rat study shows no genotoxicity in brain injury drug NYR-BI03

Arika to pump $3.2M into gold exploration at WA's Yundamindra following strong maiden program

CHM

Leukaemia patient shows complete response in Chimeric Therapeutics' latest trial

RCE

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

NEU

Neuren sees FDA greenlight for 3rd trial into children with Phelan-McDermid syndrome

There are more pages in this discussion • 303 more messages in this thread...

First 183 Last

Add SP1 (ASX) to my watchlist