Stock is way to expensive. floated on a PE of 50 and is trading at a whole lot more, given they repaid loans to AFL, hence lower cash position.
Very expensive and way too much competition in the market, and margins getting squeezed considerably. Optus sales margins (the biggest seller) shrunk from 9% to 5% overnight, and this is just what the retailer gets.
They do not make a great deal of money from thier billing system which they are trying to push and CBA's XPOS system will do all billers and offers more products at a cheaper rate.
TLS is now releasing its own system, hence BXP has missed out on adding them to thier billers list.
Reminds me of the tech boom this stock, will promise alot but..............
BXP
bill express limited
