SZL
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I agree that today's SP action was an over reaction to this...

  1. Buddyboy21
    55 Posts.
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    17/08/21
    19:04
    Post #: 55363435

    I agree that today's SP action was an over reaction to this morning's SEC release, especially around the bad debts.

    Whilst i don't like the way the percentage has crept up in the last few quarters, I also think that if SZL had lost the plot on Bad Debts then Discover would not have invested $30M USD recently (and Discover should know a thing or two about bad debts given their core business).

    PS. I like this little tidbit from the investor call announcement - "July represented a new monthly high in Underlying Merchant Sales (US$150.6 million); we crossed over the 3.0 million Active Consumers mark".

    Puts us on target for $2B of UMS (probably more likely $2.5B with current growth) for the next 12 months. Wasn't it only just prior to last Christmas they were spruiking about hitting $1B UMS pa?
    SZL Price at posting: $7.00 Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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