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MC Camma

10,724 Posts.

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27/08/14

17:53

Post #: 13882684
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Originally posted by Cashley ↑

Except that wrong, it does have earnings.

They have 1500+ merchants and they've done that in ~60 weeks - which suggests to me that they're selling something that people want to buy. (source: prospectus)

Their revenues are low because they're clearly still scaling, its a speculative stock.
BUT they've managed to triple their client base while overheads have only grown ~30% and that ratio is only going to improve as they add clients. (source: prospectus)

There is a big risk that their growth rate will slow or reverse but this is a strong tech play by a guy who has successful built these businesses before, now being backed by a strong board and (following the IPO) a war chest ready to pump rewardle into what a marketplace where they are a dominant provider in Australia with no real competition.

This product is valuable man, an incredibly similar company called Belly: https://www.bellycard.com/business/ exists in the USA and they raised $28M based when they only had 700 clients.

I sent my application today and I'm pretty sure that two weeks from now they're going to be oversubscribed.

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i have no idea but i did ask for some from my broker and was told that all applications were heavily scaled back, so i guess from that we can hope that it will be an ok float
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