The leading payment network for cross-border payments.
31-Oct-2017 – 19.38p – £117.3m – PER n/a
Final Results For The Year Ending June 2017 – Revenues up by 33% to £30.3m in-line with market expectations. And yet again, they manage to announce an increase (47%) in Loss Before Tax. I’m out!
Seems good at increasing Revenues (CAGR is over 50%). However, it cannot stop making losses. Revenue in 2016 was up 10x 2011 Revenue yet the Loss was -£8.2m, more than in 2011. Shares in issue also almost 3x in the same 5 years. Not for me.