A leader in advanced payment technologies.
18-Jan-2018 – 311.5p – £457.5m – PER 17.8
Trading Update For The 12 Months To End December 2017 – In-line with market expectations, Revenues in the range of US$111-112 million and Adjusted EBITDA in the range of US$33-34 million. “With robust current trading, a strong sales pipeline and new clients set to join the platform, the Directors look forward with confidence to the 2018 financial year”.
I currently hold a long position here and will continue to do so.
14-Mar-2018 – 307.5p – £453.5m – PER 18.2
Results For The 12 Months To End December 2017 – Revenue up 7% to $111.7m ($104.1m last time) but Profits and EPS are down. The total annual Dividend will be just 3% up on last year.
I hold a long position here but have to say, I am not overly impressed with these results. Will keep an eye on the market reaction.
13-Jul-2018 – 328.5p – £486.6m – PER 21.9
I remain long for now although I am not entirely convinced in-line is good enough here – I will again keep an eye on the market reaction to this update.
Subsequent Note: On a freeing up some Cash exercise I also sold out here on 19-Jul-2018 – Takeover potential remains but on forecast EPS Growth of +6.64% (2018E) and +10.5% (2019E), on a PER of 22.0, preferred the Cash instead option.