OPY 0.00% 19.5¢ openpay group ltd

It is interesting to see their last annual report - by all...

  1. 7,467 Posts.
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    It is interesting to see their last annual report - by all measures they have a diverse product and customer portfolio (much more so than their larger competitors who really only have a single product) which grew exponentially particularly in the last year, but they seem to have a good old fashioned touch of the shorts, plenty of times over. Are they masochists? Why didn't they complete some forecasts and set out what they need and go for it? Some of their competitors have had trouble selling their products, others can but have massive expenses, still others again have no troubles with sales, but massive bad debts - these guys at face value have had none of these problems, only a shortage of capital (and a pile on of losses, which they attribute to closing down overseas while they make money in Aus - they say.)On balance, I'm inclined to think they will get themselves another pile of funding to (chop up lol.) What that does to the SP who knows?
    Last edited by Tekvest: 03/02/23
 
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Currently unlisted public company.

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