valuing the stock, page-11

The fourth part of the business is Easy Bill Payments which assists clients paying bills. We are told that it has minimal running costs as its system driven. Customers pay 99 cents a day to use it. There has been a relatively slow build-up of customers. As at 31 December 2015, there were 1589 customers. It only started in 2014.

They claim that they can get approximately 500 new customers a month in the coming years. From my calculations, it’s growing at approximately 145 customers per month when you factor in churn rates.

If they get anywhere close to signing up 500 new customers a month, it will start to have a positive impact on profits.

Let’s hope we are both right on this one @vestro, good to have you on the register. I will be personally taking out a debt agreement if this one turns out like our last punt.