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  1. #1
    Member Crow's Avatar
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    Default SPY - Smartpay Holdings

    Hi,

    Just wondering opinions on latest share consolidation announcement? Any opinions. Been on my watch list for ages and used to hold them and since then a lot has changed. Now looking at a dual listing and doing a lot more work in Australia just wondering on views.

    Thanks

  2. #2
    Member Tony Two Gloves's Avatar
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    I like this one Crow, I feel they are starting to make some head way and the ASX listing has been on the cards for a while so glad it is finally going ahead and we will hopefully see a lift in the SP.

    Smartpay has required a good deal of patience!

  3. #3
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    Well I've had my shares for a while and been disappointed with the run so far but don't want to bail out just yet. I've had a another look at the management & am happy with the calibre of the team. I'm not happy about the consolidation as it's the second one with the shares I have. I think they may have done the ground work and with the push into Australia we may be on our way up. Only time will tell and it's time they need to make things happen as with anything.

  4. #4
    Member Crow's Avatar
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    Yes definitely a lot to think about as that's why i bailed the last time..too many promises etc. I am just going to watch and see how things go after the dual listing and see major signs of progress across the board and that includes management.

  5. #5
    Member Tony Two Gloves's Avatar
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    What do you make of this Moosie? Has to be a positive right????

  6. #6
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    has anyone read the recent investor presentation?

    No update on financial performance - are they lagging forecasts? Also never appreciated how much debt this company has - $29m or >3x forecast EBITDA. Stripping out intangibles of $20m this company is very indebted.

    I was thinking of investing with the new management - seem smart people, but looking at this I'm not so sure. Its a competitive market, and with that debt burden I can't see these guys being able to invest enough to grow share.

    This could end badly

  7. #7
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    Quote Originally Posted by moosie_900 View Post
    Of course it's positive! I'm interested in how the company is going to use NF technology and to what degree. Mr Gaynor must know something buying at a premium to the market...
    Touch and go was everywhere in Melbourne when I was there recently (with $100 limit). It seems only petrol stations and the warehouse have it in NZ (with $80 limit).

    Even our local New World which has just gone through a multimillion dollar refurb hasn't got new machines.
    Free delivery worldwide with Book Depository http://www.bookdepository.co.uk

  8. #8
    ? steve fleming's Avatar
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    Quote Originally Posted by moosie_900 View Post
    Of course it's positive! I'm interested in how the company is going to use NF technology and to what degree. Mr Gaynor must know something buying at a premium to the market...
    Milford have also recently become a SSH in EML on the ASX. Its kind of in a similar space, offering alternative payment technologies
    Share prices follow earnings....buy EPS growth!!



  9. #9
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    Heard a Smartpay ad on the radio this morning (I think it was top and tailing the news or weather ot traffic or something). It basically said that they are the cheapest payments option around. Got my attention anyway

  10. #10
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    Finally getting some traction. It's been a while. A good team. Patience is a virtue.
    Disc. Held for about 3 years

  11. #11
    Senior Member Bobcat.'s Avatar
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    I can't see why over the past week this company is suddenly worth a lot more. 20% rise in sp today.

    There may be some insider trading ahead of a significant news release but even so I see little point in holding on the off chance of something remarkable happening with technology of which I'm not really a big fan.

    Reuters has them with an NTA of just 11c. Heavy gearing also makes me a bit reluctant to continue holding, and so I've just now taken profit - sold out at 37.

    BC
    To foretell the future, one must first unlock the secrets of the past.

  12. #12
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    Quote Originally Posted by Bobcat. View Post
    I can't see why over the past week this company is suddenly worth a lot more. 20% rise in sp today.

    There may be some insider trading ahead of a significant news release but even so I see little point in holding on the off chance of something remarkable happening with technology of which I'm not really a big fan.

    Reuters has them with an NTA of just 11c. Heavy gearing also makes me a bit reluctant to continue holding, and so I've just now taken profit - sold out at 37.

    BC
    I don't follow this too closely (used to be a shareholder back in the day) but tend to agree with you Bobcat. The rise has been dramatic to say the least, and the only news is that Milford have bought some shares. Not sure the jump is sustainable, so totally get why you would take the profit!

  13. #13
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    Quote Originally Posted by Nigel View Post
    Heard a Smartpay ad on the radio this morning (I think it was top and tailing the news or weather ot traffic or something). It basically said that they are the cheapest payments option around. Got my attention anyway
    Nig, They were making those claims 10 years ago when I was a S Her !

  14. #14
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    Quote Originally Posted by whatsup View Post
    Nig, They were making those claims 10 years ago when I was a S Her !
    I remember I've been out for years. Although I think (?) there's been a big management change and things seem to look a bit brighter now. Whatever happened to the ASX listing? Did that ever happen?

  15. #15
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    yes it is listed on ASX as SMP.....also a good uplift in share price there too

  16. #16
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    Will admit to having bought.. and held.. for many years.. Is in my written off drawer.

    You can not win them all.. Learnt much from that exercise.. Quite slowly to begin with.. Now much quicker :-)
    Only have two others in the same drawer..

    Maybe.. Just maybe..

  17. #17
    Senior Member Bobcat.'s Avatar
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    Last week's presentation to Australian investors seems to have gone down very well. Unclear as to why - having read it I didn't find it very appealing. The financials especially are not impressive.

    Still, who am I to argue with market sentiment? Clearly someone, or several someones, are thinking otherwise and are feeding well this puppy. SMP closed on the ASX at 38c. SPY on the NZX tomorrow will no doubt rise further to at least 40c to match. I still believe at this price, it's a fine time to sell. I've done so (a day too early as it turns out - yep, just like with my AZS stock, when I saw it jump I should've sat on my hands for 24 hrs).

    BC
    Last edited by Bobcat.; 07-10-2013 at 11:30 PM.
    To foretell the future, one must first unlock the secrets of the past.

  18. #18
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    Maiden profit announced and look to be gaining traction in Oz. I've traded in & out of this crowd over the years, but might stick them in my "HOLD" category now.

  19. #19
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    Still got huge debt. Debt to equity ratio is far to high for my liking. That's good news though. I bailed this week. My timing can be absolutely crap sometimes.

  20. #20
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    I notice Microequities - highly respected Australian smallcap manager - have a strong buy on this. Forecast fwd PE 15.5 2017, 6.4 2018
    Wondering if anyone holds shares and/or an opinion based on recent analysis?

    19.12.16
    Investment Opinion
    We retain our STRONG BUY recommendation following the release of the 1H17 results, with a price objective of A$0.24.
    This is a 52.3% premium to the last traded price. The price objective is an average of the DCF valuation of A$0.22 and our relative peer valuation of A$0.26. While the 1H17 results were behind our expectations, we believe that the results also confirmed that SMP’s financial results have begun to inflect, and we expect significant growth in earnings and free cash flow over the next two years as the company moves through a period of heavy investment. We also expect further market share growth in Australia in the general retail market. In the medium term, there may also be additional upside from entering into merchant acquiring, or M&A opportunities that are not captured in our forecasts or valuation.
    Last edited by DarkHorse; 10-01-2017 at 09:49 PM.

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