WZR 8.82% 3.1¢ wisr limited

$WZR Wisr RaaS Update Report 08/01/19

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    RAAS report 08/01/19 (UPDATED BASED ON Q4 FY19) via https://raasgroup.com/our-research/

    Hightlights:

    " Our base case DCFvaluation (WACC 14.0%, terminal value 2.2%) remains at $0.29/share. Thesame discount rate derives an upside case valuation of $1.51/share."

    "Cash burn for Q4 was $4.29m, with total cash burn forFY19 at $9.36m, reflecting the investment the company has made in its new products: WisrCredit (which now has 35,000 active users of its credit comparison product); Wisr App(which allows consumers to round up their spending to pay down debt and which had25,000 downloads in its first quarter); Wisr@Work, (which has secured two significantpartnerships with OC Tanner and Smartgroup Corporation (ASX:SIQ) to deliver its financialwellness ecosystem to their corporate customers and their employees, and Wisr & Co (awhite label service for companies). Marketing costs declined more than 15% to $1.29m,while loan specific marketing spend was flat, showcasing the increasing benefit of Wisr’secosystem on customer acquisition costs (CAC)."

    Thoughts?
    Last edited by shangwlux: 01/08/19
 
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