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VersaPay Corp (VPY-X)
CVE:VPY
2.69
Financials
Technical Analysis
$1.060
Owned
Thinks this is going to take a little bit longer. Had a CEO change last year. The new CEO has good experience in building out the software pieces. Have built partnerships with TD Merchant Services and Century Payments (?) in the US to resell their e- wallet. That is just starting to get traction. The sales cycle is quite long, but the revenues, once they start achieving it, are recurring in nature. It will probably be a year before you start seeing real revenue momentum in the partnerships.
(A Top Pick May 27/13. Down 13.79%.) Sold his holdings, but is now back in and feels it is time to start looking at this one again. Valuation is attractive. Still likes the product and the core thesis of helping small companies pay their bills electronically. There is a big market for that. Feels there is a lot of growth to come.
Still likes the company. CEO has changed in the past year. He wanted to wait and see how execution was. Potential is still there. Still holds the debentures, but not the stock.
This was a big winner for him in prior years. Growth kind of flat lined in the past year and he has exited the bulk of his shares. Still likes the company and feels there is strategic value to it in its partnership with MasterCard (MC-N) and TD Financial. There is more competition coming into the space. Wait to see how the new CEO is going to take the business to the next level.
You are going to start to see big deals announced out of their white labeling. On a take-over it could get from$1 to $3.
(A Top Pick Jan 27/12. Up 27.28%.)
MasterCard (MA-N) is going to co-brand this company’s e-wallet on their B to B side. This was a big win for them. MasterCard’s sales reps are out pushing this company’s product as well as their own. Feels that their business could double in the next 18 months.
(Top Pick Nov 24/11, Down 16.05%) Pairs Trade with DH-T
(A Top Pick Aug 30/11. Up 23.66%.)
VersaPay Corp(VPY-X) Rating
Ranking : 1 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 0
VersaPay Corp(VPY-X) Frequently Asked Questions
What is VersaPay Corp stock symbol?
VersaPay Corp is a Canadian stock, trading under the symbol VPY-X on the TSX Venture Exchange (VPY-CV). It is usually referred to as TSXV:VPY or VPY-X
Is VersaPay Corp a buy or a sell?
In the last year, there was no coverage of VersaPay Corp published on Stockchase.
Is VersaPay Corp a good investment or a top pick?
VersaPay Corp was recommended as a Top Pick by on . Read the latest stock experts ratings for VersaPay Corp.
Why is VersaPay Corp stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is VersaPay Corp worth watching?
0 stock analysts on Stockchase covered VersaPay Corp In the last year. It is a trending stock that is worth watching.
What is VersaPay Corp stock price?
On 2020-02-26, VersaPay Corp (VPY-X) stock closed at a price of $2.69.
Great management and great Board of Directors. They just finished a raise. Doesn’t think there are any headwinds anymore. With a fully loaded balance sheet, they’ve got a great growth in their client base, having gone from zero to 42 with 17,500 payers in the last year. Just signed on an ERP Vendor news cycle, so they have 437 clients, and it is a very natural channel. Thinks they can have exponential growth this year. They don’t need any money, so there are no capital market headwinds.