SP1 southern cross payments ltd

best comparisons to ala - must read

  1. 351 Posts.
    Guys

    I think this shows how cheap ALA is!

    Look at ATH they are acquiring Fatfish internet group.
    They have almost an identical model to ALA except instead of Aus and the US they are based as an Singaporean incubator.

    So far they have 6 investments most are holding 10% or less and all look very early stage - similar to Home Open and Roster elf. Granted they have one more advanced investment in Dressabale which has revenues but they only hold 15% !

    ATH will be capped at $26m with only $3.5m I'm cash!!

    Mind blowing when we think ALA is $8.5m cap with $5.5m cash and almost the same business model and a tie up with Archimedes.

    Thoughts welcome guys
 
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