SPT had a fantastic Q3. And anyone getting impatient and selling...

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KiwiCheek

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25/10/20

10:34

Post #: 48364263
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Originally posted by RagingBu11: ↑

avialpha - it's not so much your English that is the issue here but maybe your impatience and unrealistic short-term expectations imo.

What are you expecting from SPT at this juncture? Are you expecting the company to make announcements every week?
We just had a solid Q3 result released on 8/10 and the AGM has been well flagged to be held on 31/10. Releasing asx announcements for the sake of headlines and attempting to spruik the brand only buys you limited "Goodwill" from investors (take Z1P for example).

You also stated that you've held SPT shares for 5mth now (since May). You should be ecstatic and excited about the future! In that period, SPT has produced a gain of 215% (or 516% annualised) from 46.5c to $1.465, based on my assumptions. I wish i was fortunate enough to have have spotted SPT earlier before the Mastercard announcement in June as you did. To put things into perspective, during the same 5mth period only SZL has outperformed SPT (see below table). So be careful what you wish for. APT is already a goliath and Z1P had to pay up for acquisitions. I have no doubt SPT will be a "Unicorn" next year once everything is implemented.

Have faith in Brad and the business model (or maybe ask yourself why you invested in the first place?)

Disruptive innovation takes time to develop and implement right. Wait for the AGM and you can make a decision after that.

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SPT had a fantastic Q3. And anyone getting impatient and selling now will be missing out on their Christmas present from Splittit.
Literally.

October - February is traditionally the meteoric sales quarter for consumer finance and BNPL.

My view? I'm quite sure the best is yet to come.

SPT Price at posting: $1.54 Sentiment: Buy Disclosure: Held
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SPT had a fantastic Q3. And anyone getting impatient and selling...

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