I think the market is realizing that the other BNPL stocks are up 6.5%/ 4.6% / 3.14% and SPT is only up 2.8%. Should be around $1.50.
I reckon the billions of dollars which would have been spent on holidays overseas or domestically this year is all being spent online.
Lets face it for me on a personal level, theres no way I am going to spend my money on a domestic holiday. Country towns and tourist hot spots here always inflate prices, you dont get much for what you pay for. They rip me off. So I am just saving the money to invest and occasionally buying sht I like online. I prefer a asian holiday cheap and your money goes a long way. Why spend money domestically even in New Zealand. I heard thats just exactly like Australia. So the money is staying in our pockets and purchases being made online with the help of bnpl.
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