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  1. #41
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    Any reason you bought on ASX and not NZX? Just for liquidity purposes? @Joshuatree

  2. #42
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    Interesting note.

    The price of Smartpay Holdings Limited Ordinary Shares (“SPY”) has increased from $0.53, being the market open price on 28 January 2020, to $0.645, being the current price at 2.20pm on 29January 2020. This represents an increase of 21.7%. Given this price increase, please advise NZX whether Smartpay Holdings Limited continues to comply with Listing Rule 3.1.1.

  3. #43
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    I put this on the ASX "Who knows thread "

    Im holding
    Smartpay. No news but sale of NZ ops conditions (below ;announced on 28/11/19 for a cool $70 mill) being met may be imminent as well as the 20c div.
    Shareprice jumps 10.3% on big vol." SPY on NZX SMP on ASX

    Download Document 272.8KB

  4. #44
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    little strange this happens now though when that news was known a while ago?

  5. #45
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    Looks like mr market is happy with that result

  6. #46
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    Depth is the dodgiest thing i've seen in my life on this one haha

  7. #47
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    why the sp tripled in 3 months?

  8. #48
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    And down it goes lol

  9. #49

  10. #50
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    There goes $70 mill and a 20c divi.

  11. #51
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    They proposed new terms which would still presumably realise substantial value for those who bought around 20c.

    Cant see another buyer interested other than verifone.

  12. #52
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    Quote Originally Posted by James108 View Post
    They proposed new terms which would still presumably realise substantial value for those who bought around 20c.

    Cant see another buyer interested other than verifone.
    sorry what does this mean for Smartpay?? very bad? I saw the share price dropped so much today. is current 0.39c too expensive?

  13. #53
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    Quote Originally Posted by James108 View Post
    They proposed new terms which would still presumably realise substantial value for those who bought around 20c.

    Cant see another buyer interested other than verifone.
    the only issue was later OIO approval delay wasn't it, or did I miss something .. ?

    This one has been very kind to me over the past 5 months or so with SP volatility up & down which looks likely to continue

    I guess now just waiting time for another lower point to shuffle in for another load up
    ... the fine art of sniffing out debits & credits hidden under the carpet can pay dividends ...

  14. #54
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    The way I read it the oio approval let them cancel the deal, which they probably wanted to do because of Covid-19

  15. #55
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    Am back in @ 32.5c with an initial holding ,after my big portfolio selldown on 4th feb, @ 62c.. Covid is a positive for SMP .The catalyst shift to electronic transactions will benefit big time.

  16. #56
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    Maybe if you ignore the looming deaths of many bricks and mortar retailers and the switch to online purchases. Iím a holder but canít see how Covid is a positive for spy.

  17. #57
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    Quote Originally Posted by James108 View Post
    Maybe if you ignore the looming deaths of many bricks and mortar retailers and the switch to online purchases. I’m a holder but can’t see how Covid is a positive for spy.
    Good point - don't SPY specialise in selling terminals etc into retail ? .. which may be affected in places for as long as C-19 takes to shake out & for growth to occur..

    Now they're back to having exposure in both Oz & NZ in these markets, with no real improvement in their Balance Sheet & facing perhaps temporary retail transactions & equipment sales being down, longer term maybe improving retail trading patterns when things reverse upwards again ?
    ... the fine art of sniffing out debits & credits hidden under the carpet can pay dividends ...

  18. #58
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    Im not looking at anything short term, be crazy to.Im getting back in at a great price (A32.5c) and am hopeful of another bite at a lower price soon. as i jog around my city i see it starting up again albeit in a small contactless way, as well as the tyre guy, the garage, the baker, the sports shop etc etc. This comcom review worth reading, will Verifone be back?

    https://comcom.govt.nz/__data/assets/pdf_file/0016/215611/Verifone-Submission-on-Verifone-New-Zealand-and-Smartpay-Holdings-Limited-Statement-of-Issues-28-April-2020.pdf
    Last edited by Joshuatree; 04-05-2020 at 11:01 PM.

  19. #59
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    Great research note here, its free just register heres a snippet

    "Smartpay avoids industries with prepayment risk such as travel agencies. They are very strong in small-medium enterprises in the hospitality industry. Large businesses demand lower prices from their payments provider. The banks focus on them with the hope of offering other financial products (e.g. debt facilities). Tyro now focuses on banking products rather than pure payments, using their banking licence. Smartpay is the only major operator with a complete focus on the payments business. No significant competitors (other than Square) have entered the market because there is a high moat. It takes at least 6 months of work to connect a new switch so switch providers tend to avoid talking to new entrants if they’re small operators.

    https://insufficientcapital.com/2020/03/31/insufficient-capital-march-update/

  20. #60
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    Raising funds at no discount to s/p at T/H, 42c..

    “Payments terminals company Smartpay is pitching a raising with a nil discount to investors on Wednesday morning. The company was seeking to raise $10 million via a placement of new shares at 42Ę each, which was in line with its last sale price.


    Funds raised were to "strengthen the balance sheet through initial debt reduction and to provide flexibility for post COVID growth in the Australian merchant acquirer market", according to terms sent to potential investors.

    CCZ Statton was managing the offer.It was calling for bids by 4pm on Wednesday and the placement was due to be announced on Friday, the term sheet said.Smartpay had a $73 million market capitalisation prior to the raising. Its shares are listed in Australia and New Zealand. It comes as Smartpay seeks to sell its New Zealand assets. The company had a deal with Verifone, however the agreement was terminated and Verifone made a revised offer. Smartpay's board rejected Verifone's new bid, and is now able to offer the business to other potential buyers.” STREET TALK

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