Australian (ASX) Stock Market Forum

BXP - Bill Express

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Re: BXP Bill Express

Hi Samsterchan,

This stock has been under lots of pressure ever since a very negative article appeared in the FinReview. The article related to governance and disclosure issues...

You'll have to decide how this negative sentiment (on balance) compare against any positive fundamentals you may have for this business.

I think a run in the short term will be difficult
 
Re: BXP Bill Express

samsterchan said:
Hi all

I reckon BXP is on it's way up. It has been holding around 22.5 firm. The past week has seen it hold steady at 23. Hopefully it is on an upward trend from now on.

I am hoping to sell at 30.

Does anyone have some views?
Click to expand...

What`s your T/A on this stock now?
 
My TA half cent is that there's support at 21c and no trend upwards, but my TA isn't even worth half a cent so ignore that.

What prompted me to post is that I've had a look at their website and it's a shocker from both user and investor point of view. I realise that the website is not a core part of the business, so maybe that's no big deal. OTOH, their business does depend on providing user-friendly software, and the website reeks of developers playing with cool toys and a lack of even rudimentary usability analysis or testing. That makes me suspicious of the company's development culture. Even if they contracted out the website, I'd expect a good software company to demand something that works much better than this before it went live.

Have you tried to use any of their services? What's your experience?

Cheers,

Ghoti
 
My enduring concern about BXP is that their major competitor and near monopolist, Australia Post, which receives the backing of the Federal Government (being 100% govt owned), won't tolerate a sustained loss of bill paying market share to such an upstart. There has been precursors to BXP before and they have been outcompeted by Aussie Post.

My other concern is that BXP is using newsagents for their cash collections, who don't have adequate security protection for the extra levels of cash collected, nor for their staff and nor for their customers in the event of armed robberies, which occur all too often nowadays.

Regards, YN.
 
Sultan of Swing said:
How does a company incease it's revenue by 63.5% but make 3.8% less profit?

Any thoughts anyone?
Click to expand...

Mind dump below .....

BXP loosing money on PODtv which is unlikely to improve because AFAIK there is not a single profitable digital signage company anywhere on the planet.

bopo card is a joke. If it was a profitable business model the banks would have issued a card to every existing customer. I know Suncorp Metway already issues VISA sponsored debit cards, so the concept of a flexible debit card is not new. If the concept does become profitable BXP will get blown out of the water by banks issuing a VISA debit card to every customer. Why would someone see virtue in aiming for customers too poor to have a credit card?

While BXP's existing bill paying business has some merit it is hardly a threat to Australia Post. Notice that Telstra is not on BXP's billers list.

The questions about the parent company On Q have already been covered.

Lets add the weird Islamic financing package they recently arranged. Why bother? Didn't the Australian banks want to touch them?

And the final odd thing is the director called Dugal McDougall. :)
 
I am a holder of BXP am I am debating to sell at a loss or to keep and go for the ride.
I originally bought in because of Harvey Norman being a major holder but am a little concerned with the relationship that the company has with pure fruit Australia and the lack of address the company have had to "that matter".
Still for a company like this to post a profit is rare in its early stage of listed life.
 
Well, after the thoughts expressed on this thread and also after relooking at my criteria (which I'd strayed from :rolleyes: ) I sold out today at 17 cents. I bought for and average of approx. 27 cents a year or so ago :eek: . (1/2 at 31 cents and 1/2 at 24.5 cents when they started to drop and I THOUGHT they'd bottomed.)

For me, an expensive lesson about catching falling knives and not putting a stop/loss in place. :(
 
If a person wants to put their proverbials on the chopping block by having exposure to BXP then the funky thing to do would be to buy the parent company ONQ.

ONQ owns 43% of BXP with a value at today's close of $29mil

Mkt cap of ONQ is $13mil. Therefore you can buy $1 worth of BXP for 45c

In fact, you could buy effective control of BXP by buying half ONQ and topping up with 8% of BXP. Controlling ONQ which itself controls 43% of BXP plus 8% gives 51% control. Total cost - only $11.5mil to control a $68mil company. (Keeping the numbers simple)

Fire both boards (fire the same people twice). Sell all technology into BXP. Dissolve ONQ (which may even return some spare cash) Sit on now 30% holding of BXP with a market value of $20mil. Total return of 77%

This would the first stage of my plan to take over the world. Anyone got a spare million? I need about 12 of you.
 
Vainglorious said:
This would the first stage of my plan to take over the world. Anyone got a spare million? I need about 12 of you.
Click to expand...

hmmm, you've got me thinking. I'm a little short in dollars to be able to invest in it, (about $990,000 short, give or take :rolleyes: ) but hey, a little leverage can go a long way.

the world huh..... :grinsking
 
Sultan of Swing said:
Well, after the thoughts expressed on this thread and also after relooking at my criteria (which I'd strayed from :rolleyes: ) I sold out today at 17 cents. I bought for and average of approx. 27 cents a year or so ago :eek: . (1/2 at 31 cents and 1/2 at 24.5 cents when they started to drop and I THOUGHT they'd bottomed.)

For me, an expensive lesson about catching falling knives and not putting a stop/loss in place. :(
Click to expand...

Sultan,

You may have been a bit premature with the selling. It has been in a range for a while now 16 to 17 cents. It has rejected 15 cents on higher volume and a high close indicating some bullish bulls and it has finished on the high recently. It will be interesting to see which way it breaks out; up or down.

Snake
 
Should be an interesting long term investment, I have had a rough ride on this stock but seems to of hopefully found support around 16c.
We need more positive news from this company, posting a profit is a good start.
 
Snake Pliskin said:
Sultan,

You may have been a bit premature with the selling. It has been in a range for a while now 16 to 17 cents. It has rejected 15 cents on higher volume and a high close indicating some bullish bulls and it has finished on the high recently. It will be interesting to see which way it breaks out; up or down.

Snake
Click to expand...

Thanks Snake

I'm still keeping an eye on it.

Cheers
 
Seems to be some positive support behind BXP at the moment.
Anybody have any thoughts on the late support.
You may be right Snake, it may be looking for a bullish run.
Seems to be a few punters having ago at it.
 
Interesting read from the age. Could see some signs of life in this stock yet.
Lindsay Fox may have read your post VAINGLORIOUS.

TRUCKING magnate Lindsay Fox has emerged with a substantial shareholding in On Q Group, a company that owns a software system designed to support electronic financial transactions.
Linfox Share Investment, controlled by Fox Holdings, has purchased 6.2 million shares in the company from Raywood Communications.

The off-market transaction ”” which occurred while the company's shares were suspended from trading while it gets its audited accounts together ”” gave Fox a 9.4 per cent stake in the group.

On Q, which used to be called Australian Pure Fruits, and licenses its technology to Bill Express, has a market capitalisation of just $10 million. The purchase cost Fox $868,000.

While the rationale behind the purchase is not clear, Fox may have bought at a very interesting time. Bill Express, which is part-owned by On Q, has been the subject of recent takeover speculation. The word is industry rival E-Pay Asia is believed to be interested in a stake before launching a takeover offer.

Bill Express shares have soared this week on heavy trading volumes after recently floundering.
 
vicb said:
Seems to be some positive support behind BXP at the moment.
Anybody have any thoughts on the late support.
You may be right Snake, it may be looking for a bullish run.
Seems to be a few punters having ago at it.
Click to expand...

Some interesting action for sure here vicb!

Today's action on lower volume appears positive.
 

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