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OPY - Openpay Group

Discussion in 'Stocks I-P' started by System, Dec 11, 2019.

  1. System

    System Administrator

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    Openpay is a payments technology company that offers a buy now, pay later (BNPL) product and is headquartered in Melbourne, Australia.

    Openpay provides a payments platform that facilitates seamless, secure and swift payments between customers and merchants. The Openpay platform allows customers to make in-store and online purchases, and effectively split the payment for these purchases into multiple repayments over time, while attracting no interest.

    Openpay operates in the payments technology industry and currently provides its platform to merchants and customers in the consumer retail, automotive, healthcare and home improvement sectors.

    At present, Openpay provides services to customers and merchants predominantly in Australia and New Zealand, and recently began offering services in the United Kingdom.

    Openpay generates revenue from fees charged to both merchants and customers in exchange for the use of its payments platform.

    It is anticipated that OPY will list on the ASX during December 2019.

    https://www.openpay.com.au
     
  2. frugal.rock

    frugal.rock

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    So this one opened at $1.65 for the first day of trade.
    Prospectus was at $1.60, page 111.
    Down to 1.325, or - 17.2% on a day when the XFJ got up 1.9% and closed at 1.7%
    Not a great start for the investors.
    F.Rock
    PS; only new about this one has it has been entered in the 2020 comp.
    Will be an interesting one.
     
  3. frugal.rock

    frugal.rock

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    So has been trending all week to a double low yesterday afternoon testing around $1.10, but sitting in an apparent bowl trend/inverse.
    Showed some strength signals today and had a minor break/spike up to 1.29 around 2pm.
    It ran back to 1.19, shortly before close of 1.21.
    Final close today 1.25. I hold.
    F.Rock
    PS, how are back tests on stocks 4 days old? Would be interested in hearing someone's results. See if it matches an inverse theory.? Cheers
     
  4. barney

    barney

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    Not sure exactly what to make of this one after it got sold off immediately on listing. Todays price action was definitely more positive however.

    $1.14 looks the short term support level and back above $1.30 would make holders a lot more comfortable. All still to be revealed though.
     
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  5. frugal.rock

    frugal.rock

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    I'm not sure about it either. Can't be sure about any trade.
    At least there's only 4 days of data to look at.:D
    The sell off conductor must be proud of themselves, it rolled on down well. Grabbed by the shorties I suspect, with a good push and shove to get it moving, momentum did the rest, all after a pump and dump open.:cool:
    Will be keeping a sharp eye on it tomorrow. :2twocents
    If it looks like a duck...
    Who buys at IPO and dumps straight away? Hoping for the Santa rally... tomorrow please! settled Tuesday. Would be nice.
    Cheers
     
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