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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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FireOne - Payments processor good value again

March 2006

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.

  • Epic Code:
  • FPA
  • Price:
  • 388p
In spite of media attempts to dismiss the amazing growth in internet gambling as a passing fad, this fledgling industry continues to confound the critics and the latest round of trading updates showed that virtually all the quoted players are in a rude state of health. This success has also spilled over to those who supply them with online payment processing solutions and while we’ve extracted huge gains out of market leader NETeller, 750p, (a TMI portfolio constituent at just 251p), we now believe that its smaller rival, FireOne, looks poised for a big spurt upward. When FireOne was established in 1997, it originally provided online payment services through credit card processing but this has since been superseded by its Fi ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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