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Payments and software plays in Africa are lekker competitive right now, and AXX sitting at R1.85 doesn't exactly scream confidence. The software segment needs to show proper revenue traction, not just Dashpay promises. Unless they nail profitability soon this could grind lower, been burned by too many fintech stories here before.
spent some time on the latest results and honestly the cash burn on the software side is the thing keeping me out. payments division doing ok but software and services is losing money faster than they're growing revenue, which is fine if you're VC-backed but they're a JSE listed company burning through cash. comparing to other fintech plays locally, the unit economics just aren't there yet.
payments division carrying too much dead weight, software side barely moves the needle. until they show dashpay actually converting users to revenue, hard to see where the growth comes from at r1.85. comparable fintech plays locally are doing more with less.
Do you think they can actually turn African Resonance and Dashpay profitable before the cash runs out. The payments game is brutal and neither segment seems to have real revenue yet, just losses stacking up. Not sure how long the market patience lasts at R1.93 if nothing changes in the next few quarters.
Araxi sitting at R1.93 with payments and software legs still finding their feet. African Resonance and Dashpay need to show real traction, not just promise. Risk/Reward is very compelling at these levels if management can execute on the fintech angle, but patience looks like a real good idea until we see some proper catalysts move the needle.
Been digging into the payments segment, and the rand weakness is actually a tailwind for African Resonance if they're pulling fx gains on cross-border txns. But the real question is whether dashpay's traction is enough to justify the software revenue dip we saw last half, feels like they're still in that slog phase before scale kicks in. Might be a 2-3 year hold if the unit economics actually work.
African Resonance and Dashpay doing proper work in payments but the market's sleeping on the software side, reckon that's where the real margin is. At R1.93 the thing's trading on what, maybe 0.3x revenue if you back out the cash. Compare that to any proper fintech play globally and there's room to run, long-term view hasn't changed.
Araxi sitting at R2.00 is interesting numbers given what's happening in fintech locally. African Resonance and Dashpay combined are processing decent transaction volumes but the real question is margins on those payments, fwiw. Could be wrong but if they can scale software services segment without diluting shareholders further, could have something here. Worth noting the rand weakness actually helps exporters in their ecosystem.
read through the latest sens on dashpay's merchant onboarding, numbers are actually decent for a fintech at this stage. payments segment revenue still lumpy but if they can scale the software division without bleeding cash it changes the thesis entirely. at r2.00 the market's basically pricing in zero upside from the african resonance stake, which feels conservative given comparable fintechs trading on revenue multiples. long term play but the runway matters.
AXX sitting at R2.00 is proper value for a fintech play with African Resonance and Dashpay in the mix. Payments segment should scale nicely once load-shedding chaos settles and digital adoption keeps climbing. Got a decent position already but good day to top up at these levels, not selling at these prices.
AXX down half a percent today but the stock's been range-bound for months now. Is anyone holding this waiting for a catalyst or has the industrial weakness put you off the story entirely?
AXX down 1.90% today but I'm curious if anyone's looked at the fundamentals lately. Given the current valuations in industrials, is this a case of the market overreacting or should we be concerned about earnings momentum heading into year-end?
AXX pulling back 0.94% to R210 feels like noise given the industrials cycle we're in, but I'm waiting for clearer earnings momentum before adding here. The valuation needs to justify the capital when there are competing opportunities offering better risk-reward across the board.
AXX holding steady at R212 today, but compared to peers like Optimal Group, it's looking relatively undervalued on a P/E basis given its industrial exposure to drought-affected supply chains. The flat trading suggests the market hasn't fully priced in how water scarcity could imp
AXX +2.4% and vol is picking up. R210.00, watching the close.
Added to my AXX holding at R192 despite today's minor pullback, as the 4.2% yield remains attractive relative to the industrial sector average and the dividend cover of 2.1x suggests management has room to sustain or grow distributions without compromising capital expenditure.
Araxi down a tiny bit today at R192 but honestly that's just noise when you looking long term. Our stokvel been holding these industrials for the dividend income, not the daily jumps up and down.
AXX up 3.72% to R195 feels like relief buying on no real news. Earnings haven't justified this valuation since Q2.