Strong share price performance today. Hopefully we see 4c by the end of the week.
There are a few factors that I think will really push up the share price over the next 6 months - 12 months.
The development of the Wisr app as stated in the investor presentation, could potentially result in the creation of a Zipmoney/Afterpay style service that will have synergies with the current personal loan business.
I would take an educated guess that the Quarterly 4C will report a positive cash flow figure based off the large loan origination growth reported this quarter. This would largely be due to two factors:
1. Management have stated in the 5 July press release that there was a 66% increase in loans. Based off the march quarter 4C, there was $5.5 Million in net loans sold to institutions. This would imply roughly $8-9 Million in loans originated/sold this quarter.
2. It is likely there will be an R&D tax rebate received during the quarter which will help push up cashflow.
Given that the market cap is only $16 Million and the company operates in the Fintech sector (which can be frothy), this has solid potential to run up to a $100m + market cap within 12 Months.
These are all guesses and I could be wrong, so please do your own research.
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Last
2.7¢ |
Change
-0.001(3.57%) |
Mkt cap ! $41.41M |
Open | High | Low | Value | Volume |
2.8¢ | 2.8¢ | 2.6¢ | $54.36K | 2.015M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 705424 | 2.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.9¢ | 27198 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 750032 | 0.028 |
2 | 275337 | 0.027 |
1 | 100000 | 0.026 |
2 | 113413 | 0.025 |
1 | 40000 | 0.024 |
Price($) | Vol. | No. |
---|---|---|
0.029 | 399859 | 2 |
0.030 | 2464893 | 5 |
0.031 | 300000 | 1 |
0.033 | 3257 | 1 |
0.034 | 267613 | 2 |
Last trade - 16.10pm 22/11/2024 (20 minute delay) ? |
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