Great result. GPTV continuing upwards, MSF pushing well past...

Great result.

GPTV continuing upwards, MSF pushing well past group break even and most importantly the runway keeps getting longer and longer - with merchant and account approvals continuing to grow significantly (with other applications still waiting in line). Massive pipeline. These merchant approvals bode very well for CY20 and beyond.

We now know that EBIT (excluding non-cash items) was -$300k for H1. So this gives us the figure we want for H2. They are forecasting $11mil EBIT for H2 2019. So on a half year run rate they are at$22mil annualised but we obviously expect most of that EBIT of $11mil to fall into Q4. So that will give a greater starting run rate than $22mil EBIT for CY20.

Very good, all is progressing as expected.