Araxi (JSE: AXX) share price, discussion & sentiment

AXX down 1.60% to R1.84 today, bit of profit-taking after the recent run but nothing alarming at these levels.

AXX up 3.85% to R1.89 today, but at those levels the P/E still looks stretched for an industrial with slowing revenue growth. Need to see some earnings surprise before jumping in here.

Picked up a small parcel of AXX at R1.75 last week and today's 3.5% pop is encouraging, though the stock's still trading below that 2021 high so there's room to run if they can deliver on the logistics expansion.

Picked up more AXX at R1.75 this morning, reckons the sell-off is overdone given the industrials aren't exactly collapsing and the dividend yield is still lekker attractive at these levels.

AXX down half a percent today but the market's being too pessimistic on this one. Their industrials exposure isn't as weak as the recent tape suggests, and at these levels the risk-reward skews nicely in the bulls' favour if they can stabilise revenue.

Payments fintech plays always pop ngl. R150 this week minimum.

AXX sitting at R1.91 but the fintech angle here is proper undervalued imo. Dashpay and African Resonance have real traction in payments, software side is steady cash. Compare to other JSE industrials with tech exposure and this trades at a discount. Holding for the next SENS update, think there's meat on these bones.

Worth reading their latest SENS on the payments side, some movement there

dashpay unit barely moving the needle on revenue but the payments thesis could work if they actually scale it. software side is where the real margin is though, african resonance just needs to not lose clients. at R1.91 you're getting decent book value and not much downside if they keep the lights on.

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.

where's the revenue actually coming from

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.

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.

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.

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.

R150 this week minimum, LFG

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.