It's hard to fathom how far the Buy-Now-Pay-Later (BNPL) companies have gone. If I only knew back then I would have left part of the initial purchase of Z1P in this portfolio alone and not trade out of it. It would be worth 12x now or a cool 1200%+ ! Early holders of APT would be sitting on similar % gains.
Anyway, no point being disappointed with gains we haven't made but be proud of gains we have made. In the area of BNPL, both Z1P and QFE made good trades that were profitable in this portfolio in the past.
Rather than chasing the stocks that have already gone to the stratosphere, we would be much more content in looking for early stage opportunities in this portfolio. So I've been hard at work looking through the dozens of asx listed Fintech Payment companies to discover any that haven't run as hard with good future potential. Came across 2 potential candidates and bought both to provide some diversification and to avoid picking the wrong bunny (something I am really good at
)
First is a little firm that is really geared towards business loans as opposed to personal loans. It's been around a long time and used to be called CML group and traded on the asx under the ticker symbol CGR. Now re-branded as Earlypay Ltd (EPY) and re-focused on Small to Medium Enterprise (SME) business needs, I think it's worth adding to this portfolio. It's got a long history in it's making...
Experiencing growth even through the challenging business environment with lockdowns and subdued consumer confidence...
To top it all off, it pays a dividend as well...
The 2nd company is Openpay Group Ltd (OPY), which has both a business loan segment as well as BNPL segment targeting consumers. Here they are side by side...
It's not just following the herd either, it's got a different approach to it's competitors...
And most exciting is the fact that it's about to enter the US and UK markets. We know what happened to the two big gorillas in this space when they did that...
Also experiencing good growth...
Open Portfolio:
