from Diamondtendies on H/C
"Theres some really good analysis on SMP on here. I read that they were planning on selling the NZ business prior to COVID but this fell through, is this still on the cards for SMP, and do you think its better to focus solely on the AUS business. Aus revenues are now over 50% of the companies revenues this update. And also seeing a bit of institutional investors.
Highlights:
Revenue $33.8m, a 19.7% increase on the prior year $28.3m
Australian acquiring transactional revenue:
$17.1m, an 80.0% increase on the prior year $9.5m
Monthly acquiring revenue grew to $2.2m / month
EBITDA* $7.6m, a 2.7% increase YOY $7.4m. Run-rate EBITDA at March 2021 $9.8m
Australian transacting terminals fleet grew to 6,754 at March 2021
Continued increase in acquiring margin through the year
Net debt, excluding convertible notes, reduced to $4.7m, $19.4m at March 2021
After Tax Loss of ($15.2m)
This results came from continued effort to grind their marketing and sales activities targeting Australian consumers. Smartpay have mentioned that they expect the Australian side of the business to be running at breakeven when EBITDA rises to between $10-12m. Or revenues of around $20 million, which it is fast approaching.
Smartpay ASX Insider Trading
Over the past year we have seen significant increases from institutional and insider investors;
22 May 21: Moelis 6.33% from 5.33%
29 Dec 20: Anacacia Pty Ltd 9.76% [22.66m] from 0.96%
29 Dec 20: Microquities 14.91% [34.61m] from 16.76% [34.32m] dilution
11 Dec 20: Moelis 5.33% initial purchase
26 Nov 20: Milford 11.08% from 9.92%
Last week Moelis increased their holding in SMP to 6.33% from 5.33%.
Extract From: https://prophet-invest.com/smartpay-share-price-2021.
SMP Price at posting: 76.0¢ "
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Originally Posted by Fiordland Moose
.The jaws of profit are opening up.
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