大乐透开奖 www.pdv8.com The Splitit Ltd (ASX: SPT) share price is up 11% today to $1.50 and up an incredible 750% since hitting the ASX boards back in January 2019 after an initial public offering at just 20 cents per share.
No doubt subscribers to this IPO will be punching the air at the stag profits earned on this IPO as the buy-now-pay-later runs hot with hype.
However, Splitit’s 750% return is below that of AfterPay Touch Group Ltd (ASX: APT) since its IPO, with AfterPay being on the ASX boards far longer and boasting a credible operating history.
While another rival in the space is Z1p Co Ltd (ASX: Z1P) that is also growing strongly thanks to the sector’s popularity with retailers and consumers.
Splitit is reportedly headquartered in New York, but has research and developments operations in Israel and offices in London, alongside its stated intention to expand into Australia.
According to its financial report for the year ending December 31 2018 it had revenue of just $790,000, across 205 active merchants and 118,000 shopper accounts. These kind of numbers are not likely to have AfterPay’s management quaking in their boots, but Splitit share owners won’t be worried given it now boasts a market value around $260 million. As you can probably guess, I’m not a buyer of Splitit shares at today’s valuation.
NEW! The Motley Fool’s team of crack analysts has just released a timely report revealing the names and codes of their top 3 dividend share recommendations for 2019. Be among the first investors to get access—FREE, for a strictly limited time. You’ll discover the names of 3 hefty dividend paying companies with what our analysts consider to be solid growth prospects for the year ahead…
The first two currently offer fat, fully franked yields and the third is a surprising REIT offering you the chance to become a landlord with none of the hassle! If you’re looking for hot new ideas, look no further. But you do need to hurry. Snap up your free copy now, before supplies run out!
- NEW: Free report names top 3 ASX dividend shares to buy for 2019
- Top analysts name their top 3 ASX blue chip shares for 2019
- Richest man alive issues dire warning
- 3 quality dividend shares to boost your income
Motley Fool contributor Tom Richardson owns shares of AFTERPAY T FPO. The Motley Fool Australia owns shares of AFTERPAY T FPO. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
The Motley Fool's purpose is to help the world invest, better. Click here now for your free subscription to Take Stock, The Motley Fool's free investing newsletter. Packed with stock ideas and investing advice, it is essential reading for anyone looking to build and grow their wealth in the years ahead. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson. 2019