You're on the money Tradinator, it has the capacity to ramp up customer numbers and BNPL turnover, but they also need to speed up their move away from reliance on their BNPL business which remains in danger of continuing to be unprofitable. If they increase their turnover in an unprofitable enterprise they run the risk of magnifying losses and I think it has been proven that economies of scale in BNPL are yet to be discovered.
Humm has just announced the closure of their 'Little Things' (BNPL, up to $2,000) on February 8, and they will rely solely on margin lending. Just as the industry collectively said it was going to be profitable by whatever time it said it would, it is now racing for the exit doors of BNPL. I don't envy them because they have a truckload of competition.
The Bear Room, page-31
-
- There are more pages in this discussion • 2,071 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add ZIP (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.41 |
Change
0.000(0.00%) |
Mkt cap ! $1.554B | |||
| Open | High | Low | Value | Volume |
| $1.40 | $1.41 | $1.36 | $9.712M | 7.004M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 56972 | $1.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.41 | 138239 | 11 |
View Market Depth
| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |