Yes, it will be interesting to see if the market appreciates that revenue growth is back loaded to Q3 and even moreso Q4 - growing exponentially as the year progresses. The snowball effect.
The more the EBIT guidance is acheived towards the backend of the year the better it is for the runrate starting position for FY20. If guidance is reaffirmed (or upgraded) and the backending of this FY growth is again clearly communicated, hopefully the market is forward looking enough to pick that up. If not then it may present a short term buying opportunity.
Worth people looking again at some of the target starting positions the company projected for FY20 in the AGM preso last November. The approval rates of merchants so far this year are supportive of those FY20 projections.
Things will also come down to how quickly merchants move from approved status to actual onboarding and revenue generation.
ISX Price at posting:
72.0¢ Sentiment: Buy Disclosure: Held
