God give me positivity of Huntingtonne (/\)from $1.2 to 0.65 in...

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sansh1510

1,140 Posts.

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09/04/21

14:54

Post #: 52361475
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Originally posted by Huntingtonne: ↑

I think now is a fantastic buying opportunity for a few reasons.

News coming next week: the Q3 Business Update is expected next week and will highlight strong GMV and customer growth and update on strategic merchant partnerships. I expect this to increase the SP. Low market interest and volume has kept the price down.

I think the fundamentals of this business look great and are on track for continued success which will drive the SP medium/long term.

1. Customer growth increasing revenue

New large retailers (Australian Outdoor Living, Stratco, Into Blinds, and Appliance Plus) will deliver increased customer numbers. Additionally, new technology such as bill smoothing will open up new merchants and customers such as electricity and gas companies. Customers increased 13% quarter on quarter.

2. Future revenue is locked in from existing customers

The half yearly report showed that 80% of GMV from existing customers is yet to be recognised. This means revenue will increase each quarter moving forward and is already locked in.

3. Reduced expenses post IPO will improve operating expenses

This is my opinion and I am looking forward to reading the Q3 Business Update.

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God give me positivity of Huntingtonne (/\)
from $1.2 to 0.65 in 4 months looks like the recovery may take 2 years.

PYR Price at posting: 65.0¢ Sentiment: None Disclosure: Held
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0 Great analysis

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