i agree but it is a slow grind to making some real revenues

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morgo

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17/04/19

16:50

Post #: 38185573
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Originally posted by Timbel: ↑

One of the best quarterly reports posted by Mint, and as expected some good growth in revenues over the quarter as they zero in on revenue growth in recurring revenues and becoming cash flow positive.

They are without a doubt making great inroads in their direct to market strategy especially with travel, and they have set some solid foundations for growth over the short term in Singapore and BNZ.

The new payment product with BNZ is imminent and cant wait to see this rollout with major retailers and businesses across NZ.

Their new website and same day onboarding of customers is proving to be a real game changer.

Some good wins with customers for the quarter as well - Virgin inflight through the Gate Group is a nice win. Impressive is well is the backlog moving into Q4 of $100M in transaction values.

Some solid growth in transaction values and good to see they have cracked over $200M in transactions over the quarter.

The value of transactions that are being posted through the Mint platform does not reflect the market valuation of Mint IMO but I suppose we need to leave this to the larger investors.

I would expect the share price to finally move out of its holding pattern to reflect this positive momentum in growth of recurring revenues and projected growth with opportunities that will be imminently coming online and billing.

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i agree but it is a slow grind to making some real revenues

MNW Price at posting: 2.7¢ Sentiment: Buy Disclosure: Held
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i agree but it is a slow grind to making some real revenues

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