Australia's largest stock trading and investment forum Australia's #1 stock forum

OPY

Click for more information

0.00%

19.5¢ openpay group ltd

let it go mate

First 29 Last

Share
Profile

Follow
AV78

301 Posts.

18

26/02/22

13:46

Post #: 59841731
Share

Originally posted by prosperity: ↑

I like to play a devil's advocate. This company is very risky and has failed miserably to date.
1. Took forever to launch in the US
2. UK was a disaster
3. Increasing facilities has come at 50% dilution
4. The directors self confess they need more capital in the next 12 months
5. You can't believe that the Australian business will be profitable in 12-18 months when the business reports increasing losses and more than 70% of the result is due to Australia. The growth profile is not steep enough to achieve profit in this market and in that time frame.

I don't like seeing people lose money investing in this share. All news to date is depressing, however for the first time I agree with the business strategy to pursue profit. They simply miscalculated their cash needs 12 months ago and are facing huge dilution to survive.

Expand

let it go mate

OPY Price at posting: 38.0¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

SS1

Sun Silver gets that drill to thrill feeling from high grade hits at Maverick Spring

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

RNX

Renegade uncovers large IOCG breccia system at QLD's Mongoose Deeps

AHK

Ark Mines inks 1.5Bt Exploration Target for Sandy Mitchell REE play including NdPr; PFS due in Q4

IBG

Ironbark acquires two Mt Isa projects, notes 2,977 ppm copper at surface

There are more pages in this discussion • 2 more messages in this thread...

First 29 Last

Add OPY (ASX) to my watchlist