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Bullboard - Stock Discussion Forum Banxa Holdings Inc V.BNXA

Alternate Symbol(s):  BNXAF

Banxa Holdings Inc. is a Canada-based company, which provides a financial technology platform. The Company’s principal business activity is being a payment service provider to global cryptocurrency exchanges. The Company’s products include On & Off Ramps, NFT Checkout, OpenRamp and Token Listings. It offers extensive global and local payment options resulting in conversion rates up to three... see more

TSXV:BNXA - Post Discussion

Banxa Holdings Inc > Wowzers. Over $100M just for April, global scaling
View:
Post by PennyWise416 on May 05, 2021 10:30am

Wowzers. Over $100M just for April, global scaling

Huge recruitment of employees. Banxa is the real deal. Already well established and partnered with the top exchanges. Further N.Am, Eur, Asia expansion will be a lock.
Comment by AverageJoe on May 05, 2021 12:36pm
What would be your best guess on revenue off of TTV of $100M?  Am I missing something, Rocketing TTV, low float, little debt, low shorts %.  Forward guidance of $15 per share?  This thing should be trading at an ATH.  Is it just a visibility thing???
Comment by Averagewhiteguy on May 05, 2021 1:14pm
Definitely part of the problem. I just treat it like an opportunity though.
Comment by BCdude on May 05, 2021 1:45pm
With $310 million TTV, that suggests ~$10-11 million of revenue in Q1. As for why the share price isn't reposnding more favorably? Who knows? I care about underlying fundamentals, not share price movements. If value is being created it will evenutally show up in the stock price.
Comment by Averagewhiteguy on May 05, 2021 1:50pm
I don't believe I am special or more intelligent then the Robinhood, WSB guys but I believe that's what separates sophisticated investors from them.  the fundamentals are there, the company is growing quickly and management is competent.  Just a matter of time.  "the stock market is a device for transferring money from the impatient to the patient" ...more  
Comment by Tuco110 on May 05, 2021 11:54pm
April is the first month of Q2, so this is a great start. Perhaps we do $140M for May then $170M for June, that gives us $420M for Q2. Revenue averages between 4% and 5% ot TTV so maybe we're at $9M for Q1 and $18M for Q2.
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