Mastercard / Dividends / BNPL ^, page-78

Allow me to correct you


- what we call "growth";
me: 3% - 10%
you: nothing less than 100% p.a


- what we think is good value;
you: a company which increases cashflow year on year creating shareholder value
me: a company which is paid a dividend last year

- how we think FLEXIGROUP on a gross per annum revenue basis;

me: growing revenue due to HUMM and BUNDLL increased usage
you: declining revenue due to declining cards business division and being on a hiding to nothing with their new products against competitors

-how we think FXL will fund expansion
me: capital raising (but don't realise it)
you: cash flow by not paying a dividend

Thanks for acknowledging the dilemma regarding cash and dividends