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$1.07 southern cross payments ltd

"but the reason it matters is to try to work out which parts of...

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JoeSalami

2,104 Posts.

364

01/05/24

17:21

Post #: 73614069
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Originally posted by BJReplay: ↑

Thanks for the honest response. Not many around here are honest enough to put their hand up when they get something wrong. I owe you a light bulb, because I've given all three away today, so all I can give you right now is a thumbs up.

That's the key point - as noted in the screenshot you shared - their price took a dive when they said they'd stop reporting numbers, because serious analysts believe that it is necessary to look beyond just one headline figure - to work out how well a company is doing.

And, back to your original question - why does it matter? I was just joking around wtih Benny, but the reason it matters is to try to work out which parts of ISX are making money and which parts are loss making. eMoney is losing money, as far as we can tell from some of the annual reports lodged by UK domiciled businesses. Presumably they're being propped up by Probanx (their banking software).

So they'd trade on the multiple of a software company, not a payments company.

But all of that is theoretical - they have to list first.

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"but the reason it matters is to try to work out which parts of ISX are making money and which parts are loss making" no sh!t Sherlock!

SP1 Price at posting: $1.07 Sentiment: None Disclosure: Not Held
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