Mastercard / Dividends / BNPL ^, page-187

Using baseline figures from 1H2020 Results
BPNL $642m. YOY
AU Cards $708m YOY
NZ Cards $ $800m YOY
Comm & Leasing $586m YOY

humm 12 month return by 1H20 was$642m ......hence I assume $642/4. =. $160 / qtr

282% increase in humm H12020 equates to additional trans volume of $291m

and then 447% increase on $160m in H2-2020 equates to additional transactionvolume of $555.2m

therefore adding additionalsales to argued baselined TTV the new Transaction Volume for

BPNL FY19-20 :- $320m+291m+555.2m= $1.16bTTY

and assume no change for figures for AU/ NZ cards and C&L

total
$1.16b + $708m + $800m + $586m = $3.254b

GROWTH of 32.69%

Forecast scenario (just bnpl)
Current ANZ bnpl profit $30m
Forecast ANZ bnpl profit with 15% growth by '22 = $80m p/a very achievable
PE will be around 25-30 (just bnpl)
Placing MCAP at 80x25= $2b
or
SP $4.00

add ANZ cards and C&L profit to above and you get another higher SP.....yet to calculate that

IMO....DYOR

SHORTERS have 16 days to recover 30m shares......need to recover appox 2m every day form now onwards..........watch the daily volumes now onwards.....