SPT 0.00% 7.5¢ splitit payments ltd

Ann: Q2 FY21 Quarterly Activities Report (App 4C), page-37

  1. 270 Posts.
    lightbulb Created with Sketch. 43
    When you have to show a Q2 YoY because it's the better looking stat, that's not good. Shows it's not growing every quarter like a growth stock should.

    And gross revenue is unbelievably slow. Couldn't even reach $3m. If I'm reading it correctly, they're blaming covid for slow growth in revenue - yet most other companies are raking it in due to covid.
    Take 'Temple and Webster' for instance (a perfect partner for SPT due to larger purchases), they posted DOUBLE growth due to covid.

    Very underwhelming report and very reflective in the SP continuing downward.

    Further, with the bigger players allowing bigger spends over a longer term (APT money / Zip Money / Klarna money), SPT is going to feel it.

    Really hoping this turns around for everyone holding, but I'm sticking to my prediction of $0.40-$0.45 trading range EoY.
    Its still a 'sell' for me.

    All IMO.
    Last edited by FicsitMug: 29/07/21
 
watchlist Created with Sketch. Add SPT (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.