wow what is happening with this share? pump and dump?
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wow what is happening with this share? pump and dump?
Well when even the company doesn't think their share price is worth the current amount its pretty grim. They are raising $5.8 million at 34 cents (currently share is 67 cent), thats a 14% dilution on the share register, expect people to sell their current shares and take up the cheaper shares, then dump them on the market after.
Anyone invested in this company?
Does anyone have any interest in PYS?
Market cap down to $48m
40-120% pa growth in different metrics (choose your favourite metric!)
50-60% GM
Interest rates dropping will hurt their earn on "float" (a nice little feature however)
SaaS (!)
Yes I have a small holding in PaySauce. I'm still not 100% convinced but I'm in at 38 cents I'm interested in there next results. They are showing strong growth numbers repeatedly which is encouraging and the next results will show how covid has affected them.
The idea of the company is great, the actual valuation questionable and the share price behavior extremely dodgy. Ran up a couple of times to ridiculous prices and heavily dumped.
Stayed away since, but who knows how they've done capturing the rural sector. I only invest on ASX now so wouldn't touch this because of that and my experience above.
I have bought shares from 35.5 to 36 cents. We should know the impact of Covid to their business soon. Their quarterly updates seems they are coping well. Their Q3 update should be due very soon. Last year's came out around 7th of October since their financial quarter ended 30th Sept. So hopefully tomorrow they will have announcement.
Half Year results out on Thursday? Will it be good news???