News: EML EML Payments signs agreement with Betsson Group, page-6

I've taken my profit and will sit and watch. These growth announcements are great - they talk in HUGE GDV dollars, but it translates to little revenue growth. The Fortuna ann might increase revenue by around $1.5m AUD. Then when you look at the USA comparatives of Green Dot and Total Systems Services, their revenues are HUGE compared to our small $58m (718m and $4,170m respectively) which gives one an opportunity to determine where the EML juggernaut will end, massive competition will eventually kick in. I think an NPAT to Revenue of around 7% is about expectation.
On a PER basis the USA companies are in nose bleed territory, we know that. The median PER for these two companies is around 22.5...so that surely is a good yardstick for EML.
Probably P/B is a telling figure Green Dot is now 3.41 and TSS is 5.58. By contrast EML is 3.99. Too high for its lack of eps generation and its "asset light" structure/industry.

Too much risk for a maybe result, particularly when you factor in the dilution for all those in the money executive options. But it is just my observation.