9SP (ASX) Ann: Half Yearly Report and Accounts

Originally posted by Scrapper**: ↑

Hi Baldy

Yes mate still around haven't sold any haha, entries and exits probably should have been a focus for me in hindsight but as I have always said I think this is a great hold long term. I haven't topped any on the lull and dip but if we are still here in January I will add another million or so shares. I haven't felt the need to comment or add further discussion as I haven't found anything new to contribute and am happy to not be part of the echo chamber.

In your post you comment that you're thinking BNZ is potentially a subscription model? My comment to that is why are we hypothesising? I think that could be made readily available information by the co as to how the contracts are broken down. We should be able to extrapolate from the financials where the revenue us derived from and why contracts are providing the best source of income. Just a few grey areas that I would like to be clarified and I honestly think the vague nature of where we sit is by design. Whether that be due to NDA's or not wanting to lock in KPI's in the growth phase due to the green field nature of how the VISA deal will be received by its clients and how uptake will go.

I did like the part about the product validation by working with such big names VISA, Microsoft etc and how many doors that would open. I expect new client news flow will be a feature of the 2021 9SP market announcement threads.

Scrapper**

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Scrap I really believe that BNZ being the test case client for the now V2 platform and previously as a sounding board for the original incarnation of the 9SP rollout and the fact they are a kiwi bank as well all know, it would lead me to believe that they are getting the full package but at a reduced rate and the risk for 9SP is telling the market what's going on behind the scenes. it's prudent to maintain a wall at this testing phase, changing the setups for BNZ such as the opt-out , was a sign of the direction this SaaS is going, it's more than likely that this will be the textbook service going forward and the detail of the contracts with every new banking client, which are on the verge of being released to market, will stay under wraps to the frustration of us shareholders but if it's compelling the direction of this platform then it will re-rate. my thoughts only DYOR