They have always been right about the fundamentals of the BNPL business plans but not the share prices as they cannot argue with market sentiment.
The whole business plan of making micro loans to the must unreliable and disloyal cohort on razor thin margins is doomed to fail because the capital requirements are to high and customer acquisition costs will never be recovered due to high churn rates.
Quadpay while preaching credit cards are an evil debt trap are now charging 50 per cent annualised interest on the GameStop partnership and are competing with Klarna who are interest free.
They have always been right about the fundamentals of the BNPL...
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Last
$2.25 |
Change
0.060(2.74%) |
Mkt cap ! $2.860B | |||
| Open | High | Low | Value | Volume |
| $2.20 | $2.30 | $2.18 | $32.16M | 14.36M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 144850 | $2.24 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.25 | 41410 | 9 |
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| Last trade - 14.23pm 19/08/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |