interesting view’s but one needs to pay attention to Ci1’s strengths and weaknesses. BNPL is unregulated and has the potential of a liability as is Singapore private lenders imo for a number of reasons. Governments overseas are backing Big Banks guarantees potentially for all account holders, these have happened facts and serious talks are continuing in the U.S suggesting to be permanent backing for all account holders hence WHY in the U.S people are leaving by the drones from the small banks entering the big banks these are some facts. Ci1’s financial department isn’t a liability ? please Porter plenty to think about. The debt management operation have way better performed here Australia and in Hong Kong to suggest we are more of a financials company I would arguably say then Ci1 is failing, but not yet failed imo in that department. That’s clearly not Ci1’s strength is financials especially on what’s going on around the world imo and I would say others agree.
One of Ci1’s Singapore acquisition has insignificant growth and the other has backward revenue for the obvious reasons called competition, OneStep BNPL a write off and the rest of the BNPL are without big capital for any worth while growth, arguably will get eaten up either by the smaller players or bigger players for reasons having Ci1 not expanded fast enough. ChapterTwo’s last year growth was est 380% to 420% depending on the dates you look at also Ci1 had paid advertisement promoting its growth it was well documented, i could be wrong but never in bout. It was definitely promoted on other platforms also, to suggest Ci1 isn’t interested in big numbers is nonsense and stupid, you need to get a job..
Capital is one thing Ci1 lacks thus far however there’s plenty to sustain them, but for any worth while growth it just isn’t there yet, hence Jims trip to Australia possibly for some joint ventures etc with bigger players or smaller players to access growth for Ci1, why else would you look for opportunities. That would be on Jim’s radar and agendas for significant growth, so the ideas of slow internal growth is just cop out for a shortage of capital. Ci1’s strengths today is without its doubt its debt management operations that’s where the big growth has been and will be given our current environment, and Jim knows it now and I believe acting on it.
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