The only thing that’s makes me interested in the company is sheer negativity around it.
When everyone else is bearish, there’s always an opportunity to look for.
Yes I agree that the valuation might be on higher side but remember a few days back when it rallied from 500 to 900 everyone was talking about 2000 again, that’s how it is.
Recently started adding a very small qty and will add more (as I think share will tank more from here)
PPBL licence will affect that company but the problem is solvable in the long run, there was slight irregularities in the way they used to operate but there’s no sign of the fraud or mismanagement on overall company level.
Positives I am seeing:
Huge customer base
Revenue rich segments like soundbox merchant services
Trading in the range of .15x -.25x compared with ipo price.
Restructuring in loan business.
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