Good article about the where the industry is heading and the positive impact on SMP going forward.
http://www.australianbankingfinance.com/new-zealand/bank-payment-monopoly-shifting/
With SMP to become a merchant acquirer, this will be a game changer! Margins with double and share price to take off!
SMP will get a clip of 1-2% every time someone uses a credit card! At present the total fee pool in Oz is $2B pa! SMP only need a slice of that.
Petra have a 30c short term target! On a PE of 8X for 2018.
SMP - Merchant Acquirer
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Mkt cap ! $278.4M | |||
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