We've now hit a long-term support line at 31.5c
Since August last year, the business has suffered as a result of its lending revenue being steadily depleted - putting downward pressure on the SP.
Unfortunately, the H2 results, which highlighted a greater loss due to expenses in developing their new software (positive) were compounded by a big correction in US and AUS tech stocks in response to bond yields.
This leaves the business in the current state:
- Market Cap: $77.7m
- Annualised Revenue Run-rate: $9.8 (only factoring growth in platform revenue)
- Cash at the bank: $30.5m
This is one of the most attractive times to buy this stock. Strong growth prospects as lending resume, a lot of money in the bank, 23% QoQ growth in US platform revenue.
Thankfully at this price, I am still green, however, I might reallocate funds to catch the correction.
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Last
6.8¢ |
Change
-0.003(4.23%) |
Mkt cap ! $22.54M |
Open | High | Low | Value | Volume |
7.1¢ | 7.1¢ | 6.8¢ | $22.74K | 323.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 30000 | 6.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.0¢ | 178978 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 30000 | 0.066 |
2 | 85000 | 0.060 |
1 | 5000 | 0.051 |
1 | 38250 | 0.050 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.070 | 178978 | 2 |
0.071 | 98845 | 1 |
0.073 | 10101 | 1 |
0.075 | 10731 | 1 |
0.076 | 1459 | 1 |
Last trade - 15.47pm 28/06/2024 (20 minute delay) ? |
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