OPINION
Openpay Group (OPY) $1.95
OPY is correcting in a far more gradual and constructive manner, technically the stock looks to already be in an ideal zone to accumulate although it’s going to be a big ask to rally significantly in an environment where tech is struggling. Read moreOpenpay (OPY) $2.45
OPY moved to raise capital early last week and launched a subsequent share purchase plan for retail holders as at 30 March. Read moreOpen Pay (OPY) $2.41
The BNPL company with a UK focus was in a trading halt yesterday raising capital, new shares were being offered at $2.03, a 15.8% discount to last. Read moreOpenpay (OPY) bolsters healthcare offering $2.63
Openpay has today announced a deal with St John’s Hospitals to launch a BNPL option for elective surgeries in 3 of the Catholic healthcare provider’s hospitals in a first in the Australian BNPL space. The partnership will initially launch as a 6 month trial before a decision is made on a full roll out. Read moreOpenpay (OPY) $2.51
Openpay (OPY) -1.95%: BNPL names were mostly lower today. The UK overnight announced it would seek to regulate BNPL products under the FCA. The move means lenders would have to perform credit and affordability checks before accepting a loan, while also needing proper hardship procedures in place for struggling customers. Read moreCATCHING MY EYE
Buy Now Pay Later (BNPL): the hot sector went from strength to strength today with the smaller players getting the bulk of the attention as investors looked past Afterpay (APT). The biggest stock of the lot fell marginally but the smallest stock of the sector, Openpay (OPY), stormed ahead to close at an all-time high, up 38.7% on the day. Read more
