agreed, just trying to see the market for it. Seems like it’s...

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24/03/21

16:56

Post #: 52011189
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Originally posted by ceh2009: ↑

I thought the same thing and asked the question and was very happy that I did. It’s a lot more complicated than that. The Astute business effectively provides the back end infrastructure for recruitment and labour hire. A temp worker might go out to 3 different jobs in a month. They need to be paid correctly, each of the 3 clients needs reporting and billing and the labour hire firm needs to know what’s going on too. It’s a lot different to simple payroll. The main PayAsia business is providing a while raft of HR services to multinationals who need to pay people in different jurisdictions with different awards etc etc. If it was easy they wouldn’t be doing it for Westpac, Volvo, L’Oreal, Siemens etc. When you’re paying 10,000 staff small mistakes become big mistakes very quickly. I think it’s also worth noting that if Xero could do everything then ADP wouldn’t be a $US78 Billion company. I’m sold on this stock and if it does fall back in to the 50’s as someone suggested I’ll be buying more. They keep delivering (exceeding) on plans so what more can you ask for? It’s cheap in my opinion.

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agreed, just trying to see the market for it. Seems like it’s for people who work different jobs? So is the market niche? I understand they have some big clients, hopefully keeping signing some more up. But is that just due to the complexity. So they employ people to pay these wages? Must be quite a difficult job

PYG Price at posting: 67.0¢ Sentiment: Buy Disclosure: Not Held
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0 Great analysis

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agreed, just trying to see the market for it. Seems like it’s...

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Fletcher Building 'exploring options' around construction division sale

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