Quote Originally Posted by silverblizzard888 View Post
Reminds me of a company that use to be listed called GeoOp that did invoicing software, listed $1, went to a high of $4.49 then traded less than a tenth of that then delisted.
Went up along the tech wave because Xero had been doing really well, but its own numbers were never convincing.

I think the Paysauce business is a good one given the recent changes in PAYE and requirements for employers to report more regularly with the IRD, but I'm not sure it can be a big one and theres a good difference there. When you consider a business like Xero, everyone needed it and there weren't many competitors at the time thinking about cloud accounting.

Payroll software of course everyone needs it too, but it is a bit different, theres many competitors and theres nothing these guys are doing thats a technological advantage.
In reality if we normalise their expenses, they have actually have tripled while there revenue has only doubled. Until revenue growth outpaces expenses I'd be fearful of the financials. They have got a decent amount of cash in the bank to last 2-3 years so thats not too bad, but I still question the valuation, I only saw it been worth 30 odd million, not the $156 million for a business with about $1.6 million revenue and $2 million in losses.
I didn’t believe your $156 million so I looked it up....jeez it is to, wow

Next we know it will be half a billion