PIL - Peppermint Innovation

[frugal.rock]

Noticed a market reaction on this last week from the Fed rate rise.
Decent volume spike, no price movement to speak of though.
Waiting patiently to hear about market penetrations and other progressions this year.

Macro conditions probably panning out well for a new micro lender to be entering into. By that I mean, things may get a bit tight, what with rising inflation, rising rates, covid & other unknown related medical issues still around etc creating an environment where micro loans would probably be in demand, to make ends meet when required, and for those wanting or needing stuff in advance to help get back on their feet etc.

Have added a little at these lower prices recently.

 

[frugal.rock]

It would seem the new hire is good for the SP ?

ASX ANNOUNCEMENT
24 March 2022

Global finance innovator Neal Cross appointed to Peppermint board.

PERTH, AUSTRALIA, 24 MARCH 2022: Peppermint Innovation Ltd (ASX: PIL) (“Peppermint” or “the
Company”) is pleased to announce Mr Neal Cross will join the Company’s Board of Directors as a Non- Executive Director.

Mr Cross has a long-distinguished career in finance innovation across brands like Microsoft,
Mastercard, DBS Bank and is currently the Chairman of PictureWealth, a role he will retain.
His significant experience living and working throughout Southeast Asia make him an excellent addition to the Board.

As Peppermint continues to expand its finance offering across the bizmoto platform via bizmopay, Mr Cross will be critical in guiding the Company's innovation strategy to become a super App that combines employment opportunities with finance products that betters the lives of the underserved population throughout the Philippines.

 

[frugal.rock]

Doing a hold on this with a
bit of residual after last pop.
Rounding bottom, hopefully a sustainable move up from here.

 

[frugal.rock]

P
PERTH, AUSTRALIA, 18 AUGUST 2022: Peppermint Innovation Ltd (ASX. PIL) (“Peppermint” or “the Company”) has signed an exclusive five-year agreement with Visa allowing Peppermint to significantly expand its digital financial offering around the world, focussing initially on the key markets of the Philippines, Singapore and Australia.

Peppermint was invited to partner with Visa as part of Visa's FinTech Fast Track Program. Under the partnership agreement, Visa has an exclusive right to provide Peppermint with credit, debit and pre- paid cards in the Philippines, Singapore and Australia for a period of five years during which time Visa
will also provide Peppermint with financial incentives to assist with marketing costs, licencing and
implementation fees, and ongoing issuer fee rebates (we note these incentives while important are not at a level material to the Company's operations).

 

[frugal.rock]

Not sure why the big move today?
Meh.

 

[frugal.rock]

Chart update

 

[frugal.rock]

Market Release
Oct 17, 2022
PEPPERMINT INNOVATION LIMITED
Security Code: PIL

Pause in Trading

Trading in the securities of the entity will be temporarily paused
pending a further announcement.

Just before the bell?
Please be good news! ?

 

[frugal.rock]

Oct 17, 2022

REQUEST FOR TRADING HALT

Peppermint Innovation Limited (“Peppermint”) requests an immediate trading halt of its securities, pursuant to ASX Listing Rule 17.1 pending the release of an announcement regarding the signing of an important agreement for the Company in the Philippines.

The trading halt will operate until the announcement is made or the commencement of trading on Wednesday 19 October 2022, whichever occurs sooner.

Peppermint is not aware of any reason why the trading halt should not be granted.

Peppermint is not aware of any other information necessary to inform the market about the trading halt.

 

[frugal.rock]

 

[peter2]

Selected for the Nov23 comp. This little Philippines fintech has been progressing nicely. Recent corporate activity reads that PIL has been upgrading it's financial licenses to expand it's services.

Frugal has been keeping us updated with the price charts and they're looking promising.

 

[frugal.rock]

In support of @peter2 in the comp.

 

[frugal.rock]

 

[peter2]

The price chart of PIL continues to look bullish. Today's HVBB adds to its promising outlook.

 

[frugal.rock]

I sold the previous lot of PIL early December at $0.018 after it bounced around from 17 to 19.

I've stayed out of it until today. They've raised funds, SP went for a run, and I'm back in again now.

Might claim this for the April fools comp.

Looking/ hoping for it to breach that upper resistance area of $0.025

 

[frugal.rock]

April fools

I've abandoned this trade at 0.014
Have accepted the loss.
@finicky would you like me to supply the vinegar and salt for you also?

 

[finicky]

I see you've pulled ahead on the comp ladder though.

 

[frugal.rock]

I've abandoned this trade at 0.014
Have accepted the loss.

Good thing too.
It's dumped this morning.
I might win a wooden spoon after all !
Had thought as they had raised funds at $0.015 last month that it would hold around there?
Not to be. Live and learn.