It's funny the reaction to this. They're a new finance company.
Compare, SQ2 - since the sale their bad debts have gotten way worse.
disallowed/business/banking-and-finance/afterpay-posts-huge-loss-as-bad-debts-mount-20220412-p5acvr.html
And people are dropping IOU like a hot stone? It makes no sense.
Compare afterpay's 2016 performance - their net transaction loss was higher, 0.9%. They had about 7 times the unique customer base at the time although their revenue per unique customer was much lower.
https://www.asx.com.au/asxpdf/20160825/pdf/439m2kgkdkbcjw.pdf
Again, people are flipping out over this announcement but it doesn't seem to me to be bad news.
Maybe someone can explain it to me as if I was a 12 year old, because I thought the "IOU" hype was due to the "BNPL" offering, which is growing and seems to be performing well. I'm not getting it.
- Forums
- ASX - By Stock
- OVT
- Ann: March Quarterly Activities Report
Ann: March Quarterly Activities Report, page-74
-
-
- There are more pages in this discussion • 328 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add OVT (ASX) to my watchlist
|
|||||
Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.090M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.4¢ | $246 | 61.40K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 4006169 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 7048456 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 4006169 | 0.004 |
16 | 18540116 | 0.003 |
7 | 13730000 | 0.002 |
4 | 18999999 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 7048456 | 9 |
0.006 | 2240000 | 4 |
0.007 | 1691313 | 4 |
0.008 | 1380714 | 3 |
0.009 | 1000000 | 1 |
Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
Featured News
OVT (ASX) Chart |