What a massive overreaction!
The market doesn't understand the Raiz business model. Active customers paying per month is where the revenue comes from. This will largely remain stable even during a market correction. February numbers will likely confirm my thesis.
FUM inflows and outflows which is obviously volatile as the market comes to terms with the immediate impact of the virus minimally affect company revenue.
This is largely a time delay for businesses with operations in Australia.
daily share price, page-3
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Last
43.5¢ |
Change
-0.005(1.14%) |
Mkt cap ! $45.69M | |||
| Open | High | Low | Value | Volume |
| 44.0¢ | 44.5¢ | 43.0¢ | $72.50K | 165.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 95 | 43.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.0¢ | 1796 | 1 |
View Market Depth
| Last trade - 15.58pm 15/11/2024 (20 minute delay) ? |
| RZI (ASX) Chart |