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)
I am a new comer to this stock, started buying after the FY...
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Last
$2.20 |
Change
0.020(0.92%) |
Mkt cap ! $527.9M | |||
| Open | High | Low | Value | Volume |
| $2.19 | $2.20 | $2.17 | $233.5K | 106.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 874 | $2.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.20 | 60050 | 4 |
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| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| OFX (ASX) Chart |