It's amazing how dumb retail investors are bidding up the stock on the back of this announcement.
As rising interest rates and inflation begin to bit arrears are up 133 percent Q on Q aovend bad debts up fifty percent.
Arrears are a leading indicator to bad debts so expect next quarter to reveal bad debts in excess of 3 percent.
Even before that rise nett transaction margin is still negative before deducting Opex costs.
Dedpite the company bluster they can never make a profit.
It's amazing how dumb retail investors are bidding up the stock...
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