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10/10/20
10:20
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Originally posted by tina25:
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A positive week just completed. Most posters seemed to have missed the real story with SPLITIT. There were plenty of detractors concerning the flat gross revenue, plans initiated and sales on a quarter 3 to quarter 2 comparison was just not to their liking. In actual fact, the summer holidays starting late June and continued to the end of August and is traditionally slow for retail and is always the lowest sales turnover of all quarters (Northern Hemisphere). However, I tried to put forward the comparison between the third quarter and the combined first and second quarters where the numbers pointed out were actually very robust. Detractors 0 SPLITIT 1. To compare Same with Same, so to say. First Half 20 (FH 1); MSV is $89.1 mil: Rev $3.057 mil: New Plans Initiated (NPI) 105.3K Third Qtr 20 (Q3); MSV is $70.9 mil: Rev $2.4 mil: NPI 70.7K Q4 forecast (F); MSV $106.35 mil: Rev $3.6 mi: NPI 106.75K FH 2 (F); MSV $177.25 mil up 99%: Rev $6 mil up 96.27%: NPI 177.45 up 68.5% FH 2 (F) (2020) v's FH2 (2019; MSV $177.25/$42.7 up 315%: Forecast Rev $.891 mil/$6 mil up 573%; Forecast NPI 177.45K/48.1K up 269% Forecast This is not advice but my calculations; 4th Qtr(F); assume growth of 150% in Qtr 4 which I am suggesting would be conservative. The final quarter is expected to be the traditional boom sales period and the numbers expected will knock your socks off. Bead Paterson CEO of SPLITIT stated on the 8.10.20 that ..... “Q4 has started very strong and we are confident in our continuedgrowth trajectory throughout the remainder of the year,” Therefore, if Brad Paterson is correct. The 4th quarter combined with the 3rd quarter (just announced) and correctly compared to the full first half year should silence any confused critics with one devastating announcement; with all the numbers so robust that the trajectory of growth will be compared to a freight train at full speed. Once the Q4 is out, Institutions will have enough confidence to weight part of their portfolio with SPLITIT stock. The 2 cent traders will be bought out as they will not pay up once the stock climbs past $2.25. The shiny new $100 mil in the kitty will be used and will pleasantly surprise many as to what it is used for. Announcement season in the last quarter with plenty to tell the faithful. Watch this space.
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Just to add one point. The company has about A$140Mill + additional funding SPT is currently seeking at the right cost (announcement to be made in the next weeks if that will be secured). So I agree that Brad expects explosive growth in the current quarter (QFE, Visa, Christmas, Black Friday, $3bill new merchants) K