- According to my calculation in the other post, oh sub 50c is still way overvalued.
- Should have seen this coming miles away. - Just because Spt runs on a different model of business compared with the rest of bnpl doesn’t mean it’s a good business and Number one rule in business is you gotta make money. Spt doesn’t take on debts but for some reason, our overhead costs are always over the top, hence it reduces our margin significantly.
- For some of you out there claim that why didn’t I bring up FY19 figures, I’m sorry but using that figures would make the current share price even more overvalued. Also, market is forwards looking. At the moment, mr market doesn’t seem to think that Spt would make a significant revenue in coming months. Hence the sell off continues not because of lockdown.
If someone out there can enlighten me with some fundamental analysis, feel free to post and shine a torch other than saying “this is cheap cheap. Load the truck up.” Rubbish.