I don’t know who has been telling you what but when one boils...

  1. 683 Posts.
    lightbulb Created with Sketch. 286
    I don’t know who has been telling you what but when one boils this down SPX is fundamentally a just a B2B payment service now.

    When we were a Lender and payment facility combined with a debt ware house we were going to be Afterpay for business and way ahead of any other player in the B2B space maybe. But given we have sold that part of the business off and stop developing industry streams which would actually leverage a loan facility like the Ag sector.

    We have literally gone from Afterpay for business and all the opportunities that go with that to PayPal for business. but the sales team can hardly seem to get businesses to swap from eft payments to credit card payments for B2B which is supposed to be the model. And that’s not 20 years ahead of anyone.

    Bottom line as I have demonstrated many times is if 2 bill in payments flow are being paid by eft the max we see is 26c per invoice. The money is in convincing businesses to use credit cards to pay invoices to one another and receive points and incentives to do so and pay the credit card off before the due date but clearly that is not coming to fruition.

    So in short we are not 20 years ahead we could have been but as it stands today we are simply a different service offering to enable payments and that is wholly and solely due to mismanagement by SPX to date.

    As it stands our offering does meet the requirements to be on the tech index so clearly we are not delivering anything earth shattering any more as others have pointed out previously.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
0.7¢
Change
0.001(16.7%)
Mkt cap ! $32.30M
Open High Low Value Volume
0.7¢ 0.7¢ 0.6¢ $3.775K 569.7K

Buyers (Bids)

No. Vol. Price($)
24 11574889 0.6¢
 

Sellers (Offers)

Price($) Vol. No.
0.7¢ 6571053 5
View Market Depth
Last trade - 16.10pm 13/06/2025 (20 minute delay) ?
SPX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.