SPY - Smartpay Holdings

[Rawz]

https://www.nzx.com/announcements/403483

Milford buying more. Added another 3.5m+ shares to the stash.

[Muse]

Aye Milford have a lot of conviction on the stock - they have been buying from MA Financial.

One of the other major institutional holders, Microequities (whose founder is on Smartpay's board), had this to say post result:

“EFTPOS payments business Smartpay Holdings (ASX:SMP) reported 1H23 results with revenue growth of 68% to $35.4m and EBITDA growth of 116% to $8.1m. All metrics such as new terminal additions, revenue per terminal and gross margins are all outperforming expectations. Marketing spend has been stepped up and in the most recent quarter Smartpay showed accelerating new terminal additions. We remain long term supportive shareholders and believe the business can scale to many multiples”


Yesterday's presentation from Smartpay's CEO below. He has a strong handle on the financials and unit economics which is great.
https://www.youtube.com/watch?v=5_fbqjzxbxI

[DarkHorse]

Aye Milford have a lot of conviction on the stock - they have been buying from MA Financial.

One of the other major institutional holders, Microequities (whose founder is on Smartpay's board), had this to say post result:

“EFTPOS payments business Smartpay Holdings (ASX:SMP) reported 1H23 results with revenue growth of 68% to $35.4m and EBITDA growth of 116% to $8.1m. All metrics such as new terminal additions, revenue per terminal and gross margins are all outperforming expectations. Marketing spend has been stepped up and in the most recent quarter Smartpay showed accelerating new terminal additions. We remain long term supportive shareholders and believe the business can scale to many multiples”


Yesterday's presentation from Smartpay's CEO below. He has a strong handle on the financials and unit economics which is great.
https://www.youtube.com/watch?v=5_fbqjzxbxI

Just looked into these last week (while stuck home with covid) and I like what I see.
Seems to be particularly illiquid on NZX... wondering whether to just buy on ASX albeit a bit less advantageous for Kiwis. Any suggestions? Have you guys managed to buy them on NZX OK?

[Balance]

Just looked into these last week (while stuck home with covid) and I like what I see.
Seems to be particularly illiquid on NZX... wondering whether to just buy on ASX albeit a bit less advantageous for Kiwis. Any suggestions? Have you guys managed to buy them on NZX OK?

You actually get them cheaper on the NZX vs the ASX day to day!

Just put your bids 1c or 2c cheaper than ASX and you should get them.

Classic situation of a NZX stock being appreciated more on ASX than NZX.

[Ggcc]

Almost $1 for $1, but nz has very little on offer. Interesting stock this and one of my 5 choices to do really well in 2023

[nztx]

Almost $1 for $1, but nz has very little on offer. Interesting stock this and one of my 5 choices to do really well in 2023

One of mine too for the 2023 competition

[Ggcc]

One of mine too for the 2023 competition

It should be valued around $1.17nz-1.19nz

[nztx]

It should be valued around $1.17nz-1.19nz

Yes . looks that way

[Balance]

It should be valued around $1.17nz-1.19nz

The buyer(s) allow offers to build up and then, grab everything in sight up to the ASX price. That’s been the case for months and months.

[Ggcc]

The buyer(s) allow offers to build up and then, grab everything in sight up to the ASX price. That’s been the case for months and months.

There were about 30,000 shares sold recently at about $1.10. Where do you see this share getting to?