Bill Express share price watch
Watching the share price tumble of Bill Express has become a popular sport among newsagents. Today’s 28.5% drop in their share price have been cause for considerably commentary.
It didn’t need to be this way. Had Bill Express treated newsagents differently they could have relied on their key retail network for support rather than today’s game of guess how low the share price will go.
One of my newsagencies was advised today that we are now ranked 35th in Australia for bill payment transactions. That’s 35th out of around 3,500 newsagents. We’re in the top 1%. We’re not making money from bill payment, nothing.
Bill Express could turn newsagents around if they act quickly: reinstate the $250 a month marketing subsidy; start actively promoting the network; make the IT infrastructure more reliable; improve Help Desk support; and, make running Bill Express cost less. While these are not new suggestions, maybe the new low share price will focus the attention of the Board of Bill Express.
Click here for some background on the frustration newsagents feel toward Bill Express.