Beforepay Group Limited

ASX:B4P

Beforepay Group Limited

ASX:B4P
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$1.260 (+7.7%)
Last close price
#122
Rank
2
Held by
3
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Pinned straw:
LifeCapital
Added 4 months ago

Another excellent quarterly from BeforePay today.

NPBT of $1.4m for the quarter

NPBT of $3.91 for the financial year.

Equity position increased to $30.2m with cash of $19.2m

Market cap of just $31.6m so trading at around its equity position with almost no value put on the actual business.

Very happy with how this business is going and feel its a strong candidate for a takeover offer, if the market doesn't start to recognise how cheap it is at some stage.

Hard to build a decent position as it is extremely illiquid.


mikebrisy
Added 4 months ago

I thought it was remarkable that their Net Defaults are down! Not what I expect in the current environment.

BTW, this one’s outside my circle of competence,…so I’m not following it. But I always spend a little time reading what other StrawPeople are uncovering, as that’s proven to be a rich gold seam over the years.

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