Splitit has been well positioned for the last few years and that position is improving with interest rates going up. They have been disappointing so far in really making anything of their position.
John's excuse when he came on board was big merchants won't onboard over Christmas as it's their busiest time. It's 6 months later and we still haven't heard anything about any significant merchant signings so obviously he was just talking rubbish anyway.
Nandan has talked a big game so far. It's coming up on 4 months since he came on board. It's still early days for a new CEO but the honeymoon period is wearing off. He's yet to prove he's anything but hot air. Splitit needs to execute and make something of their position instead of spinning their wheels and burning cash.
SPT Price at posting:
16.0¢ Sentiment: Hold Disclosure: Held