We've now hit a long-term support line at 31.5cSince August last...

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.