I am a new comer to this stock, started buying after the FY results came out.
Looking at the metrics, this stock is expensive PE wise at SP 2.04 sits at ~20 PE. To justify the high PE I reckon at least 10% EBITA growth is needed. If no growth, the PE should be closer to 14 to be reasonable.
The risk growth wise are Banking partner/regulatory pressure/No moat to competition, there also seems to be a big fraud/unauthorised issue with their travelex card in Apr-Jun 2015 (going by the travelex card review online).
However the main business is transferring money country to country, and this seems solid so far with a competitive rate and lack of complaints regarding the service.
Personally I am investing in this one with a view I may lose half my money if it doesn't work out, if it does work then this is a sure long term growth stock. I wouldn't put more than 10% of the portfolio in this one.
The IPO price was $2, so current price is a good entry point for first parcel. Personally wouldn't touch it again unless it falls to $1.8 or something (18x 2015PE)
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$2.13 |
Change
0.060(2.90%) |
Mkt cap ! $511.1M |
Open | High | Low | Value | Volume |
$2.05 | $2.16 | $2.05 | $735.1K | 345.3K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 2194 | $2.12 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.16 | 32192 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2194 | 2.120 |
1 | 2194 | 2.110 |
1 | 483 | 2.100 |
1 | 483 | 2.090 |
1 | 483 | 2.080 |
Price($) | Vol. | No. |
---|---|---|
2.160 | 32192 | 4 |
2.170 | 16751 | 3 |
2.180 | 433 | 1 |
2.190 | 483 | 1 |
2.200 | 1483 | 2 |
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