https://www.nzx.com/announcements/403483
Milford buying more. Added another 3.5m+ shares to the stash.
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https://www.nzx.com/announcements/403483
Milford buying more. Added another 3.5m+ shares to the stash.
Aye Milford have a lot of conviction on the stock - they have been buying from MA Financial.
One of the other major institutional holders, Microequities (whose founder is on Smartpay's board), had this to say post result:
“EFTPOS payments business Smartpay Holdings (ASX:SMP) reported 1H23 results with revenue growth of 68% to $35.4m and EBITDA growth of 116% to $8.1m. All metrics such as new terminal additions, revenue per terminal and gross margins are all outperforming expectations. Marketing spend has been stepped up and in the most recent quarter Smartpay showed accelerating new terminal additions. We remain long term supportive shareholders and believe the business can scale to many multiples”
Yesterday's presentation from Smartpay's CEO below. He has a strong handle on the financials and unit economics which is great.
https://www.youtube.com/watch?v=5_fbqjzxbxI
Just looked into these last week (while stuck home with covid) and I like what I see.
Seems to be particularly illiquid on NZX... wondering whether to just buy on ASX albeit a bit less advantageous for Kiwis. Any suggestions? Have you guys managed to buy them on NZX OK?
Almost $1 for $1, but nz has very little on offer. Interesting stock this and one of my 5 choices to do really well in 2023