They had an offer price of $2.70 a few months ago and are sitting on a nice cash position. Even if they have a shocking 12-18 months I can't see how the valuation would drop that much.Interesting that you could not get hold of the stock at $2.75 in the IPO and they came on at around $3.40 in December and then kept going to around $5.40. The total company value is now $774 million (496 mil shares at $1.56) down from over two billion. However, they have growth of around 25-30 % a month in revenue, year on year. A banking license. Revenue of $117 million in the first half. Net assets of $201 million including $140 million cash at Jan 1. They have payments technology which is better ( more effective at accepting more payments and less costly) than any competitor. Many hospitality and accommodation businesses are indeed going to get hammered for a few months by the virus so there has to be a negative effect on some revenue. Also, the delay in getting assigned to market indexes due to S&P stopping all changes until the volatility reduces has delayed institutional demand. Maybe this is a stock to buy when there is a sign of a turn around in the epidemic it will certainly be worth a multiple of its present value in a couple of years IMO. It is a long term growth stock with a short term slow down in revenue growth momentum due to an extreme external event. I think it just is a matter of deciding on your time perspective.
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Last
93.0¢ |
Change
-0.025(2.62%) |
Mkt cap ! $487.3M |
Open | High | Low | Value | Volume |
96.0¢ | 96.0¢ | 92.0¢ | $960.5K | 1.027M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 14210 | 92.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
93.0¢ | 11297 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 8177 | 0.920 |
2 | 6328 | 0.915 |
4 | 24959 | 0.910 |
3 | 19523 | 0.905 |
11 | 50439 | 0.900 |
Price($) | Vol. | No. |
---|---|---|
0.935 | 4478 | 2 |
0.940 | 77431 | 5 |
0.945 | 3478 | 1 |
0.950 | 26481 | 3 |
0.955 | 3478 | 1 |
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