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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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    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 !

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