A very balanced article in the AFR, I think it captures the key factors to why FXL has not soared compared to other BNPLs. Their strategy In my opinion is sound, but rightly or wrongly, it is not appreciated by the market.
I agree that the new pure play BNPLs are easier to value and the venture into international markets is the differentiating factor. However as pointed out supposedly ANZ market is worth 50b.
https://www.copyright link/chanticleer/the-buy-now-pay-later-stock-that-didn-t-soar-20200623-p555d9
A very balanced article in the AFR, I think it captures the key...
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