"Well this is out of left field. BNPL in RE? Go figure." Left...

"Well this is out of left field.
BNPL in RE? Go figure."

Left field exactly.

I'm not embarrassed to say that I am a shareholder in this company despite not having even a half-clear vision of what it will look like in 2, 3 or 5 years' time.

All I know is that there are some pretty smart people, whose interests are aligned with mine, running this company, and it is an $80m EV company sitting off the side of a multi-billion dollar property industry, with its managers constantly looking for innovative and creative ways to add value to, and thereby clip the ticket off, all and any activities that occur every waking hour of every day across the property market.

Which means that $12m pa of Recurring Revenues is merely one element of the valuation; almost of equal significance is the optionality value that relates to the hitherto non-existent revenue streams of which I am unable to conceive, but I'm certain they will materialise.

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