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SP1

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$1.07 southern cross payments ltd

I know I said I wouldn't post here much but I have two questions...

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NashaNasha

1,971 Posts.

1975

03/05/24

01:49

Post #: 73641082
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Originally posted by benny211167: ↑

Valuation.
Putting aside my personal opinion of Karantzis’s character. My take on this is:
The last 3 Qtr’s have shown strong growth, particularly the last 2. If this momentum keeps on this trajectory over the next 2/3 Qtr’s the growth is absolutely confirmed. I presume the revenue is mostly from Europe, a little from the UK. You can assume it’s only really scratching the surface so plenty of growth in their home market.
They haven’t entered The US yet or Asia or South America so there’s huge growth opportunities internationally. I think this gives argument to a substantial P/E ratio. Looking forward based on just the local growth, if confirmed it could throw off between €40-60m profit next year. EPS would be approx € 36- 55 cents based on 110m shares. You then apply a P/E of 50 and you get a share price of €18- €27
AUD$ 29.50 - $44.32
In the old $2.95- $4.43 per share.

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I know I said I wouldn't post here much but I have two questions for you

1. Do you think ISX would have had the strategy to try and save what was left and move to Europe with anyone else but Karantzis at the helm? If you can put aside emotion as you did so well in your post, it can be a simple Yes or No if you like.

2. After reading this post on LinkedIn and the Open Banking standard, I would like to know if you have thoughts on both the image and the future of it.

https://www.linkedin.com/posts/hua-li-8b31851b_systemdesign-payments-fintech-activity-7186747826096214016-wf0d/?utm_source=share&utm_medium=member_desktop

SP1 Price at posting: $1.07 Sentiment: Hold Disclosure: Held
23 Upvote

6 Great analysis

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