Updates

Fonix Mobile

April 2022

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Fonix, the UK provider of mobile payments and messaging services, announced strong first half results. Total payments volumes (TPV) grew 12% to £138m with record levels of business in November and December. Gross profit as a percentage of TPV increased from 4.7% to 5.1% as it moved away from relatively low margin TPV from voice services. Gross profit increased 20% to £7m driven by 18% growth from mobile payments and 43% growth from mobile messaging. Good cost control meant EBITDA increasing 20% to £5.5m.Fonix has continued investing in its platform to expand internationally including better functionality for multi-currency reporting and automatic direct-to-consumer refunds, which can fuel expansion into transport and ticketing. ...

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Lords

TMI Trader Portfolio 2 - April '22

Fonix Mobile - Eps up 21% to 10.8p (December 2024)

Fonix Mobile (September 2024)

Fonix Mobile (May 2024)

Fonix Mobile - Shares surge above 250p (March 2024)

Fonix Mobile (January 2024)

Fonix Mobile (November 2023)

Fonix Mobile - Upgrade to forecasts (October 2023)

Fonix - Shares hit new high of 231p (March 2023)

Fonix Mobile - 2021 NAP has gained 38% (January 2023)

Fonix Mobile (October 2021)

Fonix Mobile (April 2021)

Fonix Mobile (March 2021)

Fonix - UK mobile payments provider has the tools for major eps upgrades (February 2021)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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