I can get it cheaper from a typical bank with the same offering far cheaper than this loan shark business.
making a crust out of vulnerable Australian's- taking advantage of people being a loan shark.
Bad debts will smash this offer anyway, why you'd invest is anyones guess.
Already been downgraded majorly from institutional investment companies and they only IPO a month ago.
AFR yesterday-t’s been a mere six weeks since payday lender Beforepay launched on the ASX, to a sickening thud.
Shares in the Brian Hartzer-chaired fintech plunged 42 per cent on its debut and have steadily fallen since. Float investors can presently offload them for a mere third of what they paid a month and a half ago.
Brian Hartzer chairs payday lender Beforepay, which has so far been nothing but a disappointment for investors. Jessica Hromas
Said payments would have been made to the company via Shaw & Partners, whose co-management of the underwritten offer (with Evans & Partners) earned it $875,000 (or 2.5 per cent of proceeds). But now, and a mere 31 trading days after the conclusion of said offer, Shaw & Partners has dramatically downgraded its expectations of the company’s worth, citing the rerating of the entire tech sector as the issue.
In a note to clients, senior analyst Danny Younis noted the fintech’s “continuing momentum in all key metrics” in its first-half results. Apart, regrettably, from the only one that matters. Younis has kept Beforepay as a “buy”, but downgraded his 12-month price target from a near-float price of $3.50 to a mere $2. Which, if achieved, would still offer a 60 per cent upside on Tuesday’s price.
Whether investors are still prepared to take Shaw’s advice on the matter is another question.
- Forums
- ASX - By Stock
- B4P
- Beforepay: the acceptable face of payday lending
Beforepay: the acceptable face of payday lending, page-55
-
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add B4P (ASX) to my watchlist
(20min delay)
|
|||||
Last
52.0¢ |
Change
-0.010(1.89%) |
Mkt cap ! $24.53M |
Open | High | Low | Value | Volume |
53.0¢ | 53.0¢ | 52.0¢ | $12.34K | 23.36K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 62586 | 48.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
53.0¢ | 5352 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | 0.450 |
1 | 9000 | 0.400 |
1 | 1222 | 0.335 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.530 | 3467 | 1 |
0.570 | 20300 | 2 |
0.580 | 25410 | 2 |
0.590 | 1065 | 1 |
0.600 | 20000 | 1 |
Last trade - 11.25am 05/07/2024 (20 minute delay) ? |
Featured News
B4P (ASX) Chart |