Top work smartar , personally i think this sector is in a bubble and in this economic climate it is dangerous , just think of this statement from above ,Roy Morgan Research in 2019 found people aged between 14-34 accounted for the biggest pool (55.9%) of Australian BNPL users, of whom most tended to be employed, but earning an average or relatively low wage. in aus alone if these poor folks fall off a cliff when the gov stimulus stops bankruptsies will rise big time so a lot of these BNPL players will be hurt. This is why i like SPT they are aimed at the higher end of the market. My main concern is that SPT need to gain traction before the big washout, right now they are too small and weak to take advantage of the opportunities that i am guessing will arise in this sector. I hope next week is transformational for SPT.
SPT Price at posting:
$1.46 Sentiment: Buy Disclosure: Held
