the annual report will be interesting. It will be on the expense/cash outflow side that the market either punishes or rewards the share price. With QUBE complete I’m hopeful that expenses will have decrease in HY2. This is being priced at levels that indicates it’s heading for bankruptcy but there’s too many smart people bankrolling this for me to believe that. If you’re willing to do the work I think a few of us can make a pretty penny from taking this business from hopefully effed to an okay business.
On the revenue side this is quite exciting and while FY22 will be an improvement, it’ll be FY23 and FY24 which really send this flying. The lending business has great conditions to be utilised more, and the us paynow biz will become a fantastic asset if it just keeps growing at 40%+ p.a.
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