Saw the agreement with ALIPAY today & decided to do more reading
Love what I see as its 35m mkt cap & forecasting the below for the full year
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So this is essentially trading at 3.5x 2018 EBITDA... that's ridiculous IMO.
Also - this is before today's ALIPAY agreement.
Clearly the smarties at Microequities Asset Management have been all over the story, accumulating 16.26% of the register (almost 28m shares)
It's now also clearly being capped IMO with those dummy offers at 23c so someone can accumulate as many as possible under 23c.
I just can't believe how far under the radar this has been given its financial performance to date.
Hopefully this ALIPAY deal brings it in to the spotlight.
Ann: Smartpay signs partnership agreement with Alipay, page-7
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