RE: ๐ GST: The Calm Before the Storm! ๐2 Apr 2025 09:26
I know LTH stating the BOD deliver on what they are doing, but are they? BAKE was never part of the plan, was it that GS20 was failing, multiple failed takeovers, no news on Nasdaq listing this year.
So lets put some realism on this supposed non-deramp.
The plan was always to grow the business via acquisition. The Bake opportunity was far better than Easysend, with more customers and better geographies. The acquisition was paid for from internal cash so how anybody could draw the conclusion that it wasn't on strategy or done by a failing business is beyond stupid. Bake has also been inytegrated with GS20 in a phenomenally short period of time.
Another key part of the startegy was to grow the digital neo banking arm. Thats why the business successfully bought paypoint to create Angra global and recruited Lord Wellesley.
So the only business they have failed to successfully buy was the Spanish non revenue generating one. Which they no longer need to due to the reach of Bake
Thats probably why the sp is up over 100% in the last six months.