SPX (ASX) It's just the beginning for Spenda!

Originally posted by Notthedart: ↑

Hi Warnie,

If I recall correctly the loan book was only extended like a week or 2 before quarter end so that additional revenue would not appear until the next quarterly (due later this month).

The other point (which to be honest I am waiting to see appear myself) is apparently around 500k missed being processed in time, ironic I know given the very nature of the business but is what it is I guess. So as long as that and whatever should have been paid by December 31 was paid by that particular client on time, would hate for a recurring oh yeah that clients money doesn't come in now until week 1 of the next quarter now becuase that would just suck, but again spectualting based on lack of clarity coming from Management to clearly explain these things when they arise, what tends to occur is a broad brush statement of explanation and all should be good next quarter in relation to an explanation and by the time it comes up again its usually a week or 2 out from the next quarterly and I have forgotten the detail because that was nearly months ago.

As I said earlier today, the issue for me in relation to trying predict revenue is there is no clear understanding of the number of invoices issued for payment and what %'s of those invoices are being paid via credit card vs other methods. If Spenda is issuing 100 000 invoices per month across its client base, but only 5% are being paid via credit card that is all Spenda will get a percentage on, the other 95% will generate 26c per invoice or 25K per month (based on the ratio of 95% of 100 000 invoices are being paid B2B via eft, cash or cheque still).

Obviously there are Commercial in Confidence sensitivities around this, but rather than indicating the volume of transactions processed by SPX, I think a better metric moving forward would be # of invoices issued and % of invoices paid by credit and % paid by other (where the clip is 26c regardless of transaction amount - not to mention there is no way to determine what happens if mulitple invoices are batched into one EFT payment, is that 1 payment for SPX of 26c or 26c per invoice to SPX? - that level of detail has not been forthcoming) but hopefully one can see how if the vast majority of transactions are not being paid with a credit card, then SPX clip is significantly reduced per transaction compared to the potential?

Expand

I believe the .26c( FLAT ) fee is for EFTPOS transactions not CC or debit Visa/Mastercard transactions. this is also law they cannot charge more than .26c for EFTPOS transactions.

My understanding is Invoices ie accounts payable/ accounts rec is part of the software ( SAAS) as most of the large transactions will be via bank transfer, unless its part of the lending services where Airplus will be used for their services, Card blending, using one off cc numbers and function to pay suppliers.

Here is a link regarding cc fees etc and other related information

https://www.rba.gov.au/publications/bulletin/2022/sep/the-cost-of-card-payments-for-merchants.html

The idea is to leverage the software to make money in other channels

Eftpos fees/CC fees
Lending
SAAS fees
Site specific build ( cap software build framework )

Once again this is my understanding and my own opinion

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Last 1.0¢		Change 0.000(0.00%)		Mkt cap ! $43.24M

Open	High	Low	Value	Volume
1.0¢	1.0¢	0.9¢	$8.198K	875.9K

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