I have some comments and theories here:
- why hasn’t the buy back commenced?
- $26m inserted into PFS business to remediate card holder funds which returns to share holder each year until FY26, how much for FY23 (should be circa $4-$5m)
- do we have now have a $6m saving from Trace platform migration yoy
- Is the cost base run rate still on track for $131m annually
- Maybe emma is following through to simplify the business and a sale of part of the business is afoot. Possibly selling G&I segment business whilst rates are rising increases the value of stored float. Last year it delivered $30m ebit but this year it would have to $50m+ (the card Network recently sold for 8-9 x ebit). This alone is worth $1.50 in share price
- Sentenial/Nuapay earn out clause of circa $70m is based on this part of the business delivering $40m in revenue and $20m ebit for the 12 months to 31/12/23. Are they on track? Sentenial delivered $10m pro rate for FY22 so +$30m uplift needed within 18 months
- Interest rate on float update, should be $20m + EU float which we were waiting on regulator approval to invest (should be $30m+ in total and climbing.
- Sentenial fraud event of $7m, how much if any has been recovered? From memory there was $4m or so put aside for 12 months as insurance warranty. Can they make claim against this to offset any of the $7m?
- Irish regulatory update, are we commencing third party validation in Dec, jan or Feb? Noting this would likely take 2-3 months. Surely they can provide some context here
- Pipeline deal, conversion I guess would be less than historical 40% mark given inability to launch programs in certain jurisdictions
- new verticals & partnerships update (blockchain, transit, EU dollar project for instant payments)
- Forums
- ASX - By Stock
- My advice: Wait until the company starts to purchase
I have some comments and theories here:why hasn’t the buy back...
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Last
64.5¢ |
Change
0.045(7.50%) |
Mkt cap ! $243.2M |
Open | High | Low | Value | Volume |
60.5¢ | 65.5¢ | 60.5¢ | $1.108M | 1.739M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 12534 | 64.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
65.0¢ | 26324 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 12534 | 0.640 |
2 | 49370 | 0.635 |
3 | 52534 | 0.630 |
3 | 72534 | 0.625 |
2 | 16301 | 0.620 |
Price($) | Vol. | No. |
---|---|---|
0.650 | 26324 | 3 |
0.655 | 45763 | 4 |
0.660 | 19212 | 7 |
0.665 | 55137 | 5 |
0.670 | 142048 | 5 |
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