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PHL - Propell Holdings (1 Viewer)

System

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Propell Holdings Limited (PHL) is an Australian incorporated, digital only, customer centric FinTech focused on payments and lending for the small to medium enterprise segment.

Propell provides its Customers with an intelligent, digital financial Platform with multiple financial products to help them manage and optimise their cashflow.

Current financial products include a lending product which provides business owners with funding all facilitated through Propell's proprietary credit technology and a Transactional Product to enable businesses to accept a variety of emerging payment methods online and instore.

The Platform also provides users with real time actionable insights to manage and optimise their cashflow. Propell's purpose is to help SMEs manage and optimise their business with simple financial solutions.

It is anticipated that PHL will list on the ASX during April 2021.

 

Dona Ferentes

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Listing date9 April 2021 #
Company contact detailshttps://www.propellholdings.com/
Ph: +61 428 130 447
Principal ActivitiesFinancial Technology
GICS industry groupTBA
Issue Price$0.20
Issue TypeOrdinary Fully Paid Shares
Security codePHL
Capital to be Raised$5,000,000
Expected offer close date26 March 2021
UnderwriterNot underwritten. PAC Partner Securities Pty Ltd (Lead Manger)
 

greggles

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Propell Holdings "partners" with Zip Co in an announcement released today. The reason I put the word partners in quotes is because it looks less like a partnership and more like a normal business relationship where PHL is a customer of Zip Co.... but whatever.

It's certainly turned the PHL share price around. After getting as low as 10c earlier this week, it is now back to 17c. My guess is, after the excitement about this "partnership" wears off the share price will slowly drift back towards 10c.

big.chart-PHL.gif
 
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My guess is, after the excitement about this "partnership" wears off the share price will slowly drift back towards 10c.
Spot on.
Am wondering if the bottom is in now... new listing, not a lot of data but a big discount to IPO

I am wondering about how many SME's are willing to take on finance in current climate.
I would think many would dig in deeper if they can get it... presenting a potential junk debt/ loans default scenario.

But then again, debt has been a part of Australian culture going back to gold rush days.

Screenshot_20210715-124632.png
 

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