Hey Niraj, sorry for the slow reply and happy New Year to you.
Subsequent to my last post was the Q3 result which I was very impressed by. Since my last post they reported a great result and the share price has fallen slightly despite a very strong bounce for BNPLs, and small caps generally. I feel better about B4P today. I’m not in it yet - I’m still cautious of the end of escrow and I want to see what happens. I’m hoping that the additional liquidity creates a great buying opportunity.
Just keep in mind B4P’s business model is very sensitive to any changes in their loss rates. When they writeback credit loss provisions in a quarter it provides a big tailwind to the NTM but it’s not a sustainable driver of the transaction margin. So I like to look at how the transaction margin is trending over multiple quarters to get a better understanding of the underlying.
So long as unemployment rates remains low I think they should be able to keep delivering these strong NTMs, which hopefully drives regular profitability.
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- Slowing momentum and end of escrow fast approaching, but a good business model with high quality management
Hey Niraj, sorry for the slow reply and happy New Year to you....
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Last
59.0¢ |
Change
0.020(3.51%) |
Mkt cap ! $27.73M |
Open | High | Low | Value | Volume |
57.0¢ | 59.0¢ | 57.0¢ | $518 | 900 |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 4538 | 56.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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58.0¢ | 21111 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 4538 | 0.560 |
1 | 13119 | 0.550 |
2 | 6492 | 0.500 |
3 | 29165 | 0.480 |
1 | 100000 | 0.400 |
Price($) | Vol. | No. |
---|---|---|
0.580 | 21111 | 1 |
0.590 | 234 | 1 |
0.600 | 25000 | 2 |
0.650 | 11064 | 2 |
0.680 | 10000 | 1 |
Last trade - 10.00am 14/06/2024 (20 minute delay) ? |
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Last
58.5¢ |
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Change
0.020 ( 15.8 %) |
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Open | High | Low | Volume | ||
58.5¢ | 58.5¢ | 58.5¢ | 124 | ||
Last updated 11.23am 14/06/2024 ? |
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