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SPX - Spenda Limited

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o_O

Surely profits would be taken after a bounce?

If not for the continued trend now, you'd think that the market reacted to the news negatively. So unless something's changed between now & the announcement(s)??
 
I get what you're saying, but come on, as if they're just going to coincidentally sell off on the day a whole bunch of announcements are made.

C'mon dude, it's not a coincidence. Something else is afoot.
 
The main takeaway point repeated below. From observation.
Anything else is heresay and conjecture and I won't discuss it further.
frugal.rock said:
Recent PB, still showing good uptrend and volume.
Click to expand...
Not saying I am right, it's always a wait and see game.
When I assess conditions to be satisfactory, I back my assessment financially, if a position or suitable rotation is available.
Either way, if it gets over 5 cents, that's when the confirmation starts.
Screenshot_20200903-151220.png
 
I was asked about my thoughts on CRO as I've a spec position in it.

It's in the fintech sector. I know nothing of the business details and have no view on the company outlook. I treat fintechs like biotechs and min ex companies, they're fodder for trading because their prices move significantly.

Weekly chart: Price is in a strong trend up and currently in it's second pause. I'm always wary of the third move up if it's starts immediately. In this case the trading range has extended over 8 weeks and I prefer trading BOs after long sideways consolidations.

I bought a spec position using the 1stBB and HVBB shown on the daily chart, just before their recent suspension for a late lodgement of annual fin report. Red flag: a fintech not lodging a required fin report. Mgt is clearly sus.

Since their reinstatement price has been quite bullish as it traded within the range. I've been able to raise the initial exit trigger a little and price has never threatened it since. Today's BO-NH is very bullish for further moves higher. My initial target is the BO level plus the height of the range (0.045 + 0.015 = 0.06). This level coincides with my +2R level so I'm comfortable holding on to see if price gets there.

CRO2810.PNG


Note: Market dips are good for indicating which stocks are in demand. CRO didn't fall with the market (-1.8%), The volume was below average indicating that not many holders sold in the bearish day.
 
frugal.rock said:
You say nosedives, I say retraces with profit taking.
Current up trend intact...
Click to expand...
CIRRALTO ENTERS INTO BUSINESS PAYMENTS SOLUTION PROVIDER AGREEMENT WITH FISERV AND VISA

Key Highlights
● The BPSP agreement incorporates a discounted merchant rate that will increase Cirralto’s profit margins on credit and debit card payments by up to 40%. The discounted merchant rate reduces the Company’s interchange cost price to process card transactions.
● Significant efficiency improvement in AML / KYC compliance and approval times.
● Significant Business Model improvements for Cirralto and its customers.


out of lockdown with an element of exuberance, today
1607337282079.png
 
I hold some parcels of this one and also pick this stock for Jan-21comp.

Some highlight from recent announcement:
-CRO enters into a Business Payment Aggregator (“BPA”) agreement with Fiserv and MasterCard to extend its Business Payments services -offering.
-Building on the Business Payments Solution Provider agreement (BPSP) Cirralto announced on 7 December 2020 with Fiserv (NASDAQ: FISV) and Visa International Limited (“Visa”, NYSE:V), the BPA agreement improves Cirralto’s payments margin by 40% and enables Cirralto to process card payments as the merchant of record.
 
So it hit it's 5 cent early November, but holders antsy to take profit.
Chart looking ripe again.
Hmmm,
hhka said:
I hold some parcels of this one and also pick this stock for Jan-21comp.
Click to expand...
you are likely to have an entourage following you into this pick.... Great choice of CPH for December... that one should have reduced my debt, but alas.
 

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frugal.rock said:
So it hit it's 5 cent early November, but holders antsy to take profit.
Chart looking ripe again.
Hmmm,

you are likely to have an entourage following you into this pick.... Great choice of CPH for December... that one should have reduced my debt, but alas.
Click to expand...
I've got fish on my hat.

1612103378237.png
 
frugal.rock said:
So it hit it's 5 cent early November, but holders antsy to take profit.
Chart looking ripe again.
Hmmm,

you are likely to have an entourage following you into this pick.... Great choice of CPH for December... that one should have reduced my debt, but alas.
Click to expand...

You were a little early, but it got there eventually.

Exactly why is a bit of a mystery. The ASX is asking questions and the company says the BNPL bull and social media is responsible.

CRO_170221.png
 
On February 8th, 2022, Cirralto Limited (CRO) changed its name and ASX code to Spenda Limited (SPX).
 
Spenda has over 20 years experience in delivering a broad range of B2B payment services, digital trading software and integrated solutions.
Spenda’s product suite delivers our customers an integrated digital business platform that manages transactions flow from quote to pay and on-demand lending. This enables us to create a network of connected businesses transacting up and down the supply chain. Spenda delivers a fully integrated digital payment and business software solution that enables businesses to transform with fast, error-free digital efficiency.
Click to expand...
We are consolidating our operations under a new structure that solidifies our journey towards being an international software vendor, payments services provider and non-bank lender.
Click to expand...

- so much jargon in the Update (weaponise software? debt warehouse?). Ten years and where are the earnings?
 
hey big Spenda,

M/C of $50M, jumping around all over the place
Screenshot_20231018-221817_CommSec.jpg

.
but what do you do?
Screenshot_20231018-221648_CommSec.jpg

.
is that it? jargon I can understand, please.
 
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