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$1.07 southern cross payments ltd

You under estimate the nature of the Suspension not to mention...

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having a go

152 Posts.

77

07/03/21

21:57

Post #: 51586007
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Originally posted by JoeGambler: ↑

The company is making a few million a year revenue growth has slowed considerably quarter on quarters. Without credit for growth the stock would trade at a lower multiple of profits. Flykk is a new venture, but as yet unproven. Signing deals is good but not even the company puts a number on it the benefits. Stripping out Jobkeeper and adding back legals, ISX made about 3.3m FY20. It also relied on capitalisation of expenses to get to that figure, something it did not do in the pervious year. At a generous 30 times profit, thats a market cap of 100m, plus about 13.5m excess cash over current liabilities. That would translate to a share price of about 10c based on 1.1B SOI.

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You under estimate the nature of the Suspension not to mention the court proceeding JG.
You stick to your 10c and lets see where it opens and at what price.

Happy to see all you shorts get burnt btw....

ISX Price at posting: $1.07 Sentiment: Buy Disclosure: Held
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