SP1 0.00% $1.07 southern cross payments ltd

Ann: Further Australian card acquiring/processing contracts, page-23

  1. 658 Posts.
    lightbulb Created with Sketch. 27
    not self professed genius - just easily annoyed by people on here (not aimed at you) who feel that if their favourite stock doesn't bounce 20% because a 300k deal was announced, it must be sinister manipulation.

    Perhaps the real reason is that a market cap of A$100m+ needs to be justified by earnings, or forward looking earnings.

    This is a good little business, but it loses money. Once it makes money it may be reweighted, but that would need (as an example) earnings of A$2.5mln to show a PE of 40 x (that is where FaceBook is valued).
 
watchlist Created with Sketch. Add SP1 (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.