Splitit Payments Limited (ASX: SPT) Splitit Payments provides payment solutions to the customers for their purchases with the electronic payment (through debit or credit cards) by splitting the total cost into interest-free monthly payments which do not require any additional application or registration. In January end this year, the company completed its IPO and got listed on ASX with total fundraising of A$12 million. In the recent annual presentation, the company discussed the financial performance along with the business updates. Splitit’s payment solution is being used in 27 countries with significant growth seen in merchant transactions which increased to $80.2 million, unique shoppers increased to 118,000, and gross profit increased to $389,793 (all comparisons are done on YoY basis). The company believes that there is an addressable opportunity of $4.5 trillion within the key markets. During 2018 some of the merchants who joined the platform are Nectar, Compex, Simba etc. The company reported the revenue at $789,920 for 2018 which was significantly higher than 2017 revenue of A$260,409. However, the company reported a net loss for the year primarily due to an increase in the operating expenses which rose from $3.01 million to $3.89 million. The outlook for 2019 has been very positive as the company has identified many targets to focus on sales and marketing. The market capitalisation of the company is A$266.96 million. The 52 week high and low of the stock is A$2 and A$0.305 respectively. In the last month, the stock has given a negative return of 29.92%, but the all-time return is 143.42%. The stock closed at A$0.295, down 6.57% (As at 26 April 2019). Afterpay Touch Group Limited (ASX: APT) Afterpay Touch Group is an ASX listed payment solution company based in Australia. The company provides payment services to the global base of customers. It currently holds over 25,000 active retail merchants and 3.5 million active customers. The major sectors to which the company caters are telecommunications, health and convenience retail sectors. The company recently provided updates with respect to Afterpay US Inc. 2018 Equity Incentive Plan, as the company in the US is growing and Afterpay US Inc. is approaching the maximum level of options issuance under the Plan. Under the Plan, it may offer options which give eligible participants a right to acquire common stock in Afterpay US Inc. On vesting and exercise of the US Options, common stock in Afterpay US Inc. will be allocated. Recently, the Director of the company Clifford Rosenberg had disposed off 150,000 fully paid ordinary shares of the company for a total value of $2,969,439.97 (before brokerage). The transaction took place on the market on three days: 1st March , 4th March and 5th March 2019. The company has also performed well in 1HFY19, reporting $2.3 billion of underlying sales/GMV (up by 147%), the total income of $107.7 million (up by 124%) and increase in active customers to 3.1 million (up by 118%). (all comparisons are made on a YoY basis). The market capitalisation of the company is A$5.67 billion. The 52 week high and low of the stock is A$25.85 and A$5.39 respectively. In the last six months, the stock has given a return of 10.9.50%, and YTD return stands at 98.50%. The stock closed at A$23.820, up 0.295% (As at 26 April 2019).
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