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Fonix Mobile - Shares surge above 250p

March 2024

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.

Shares in Fonix Mobile jumped to new highs when its half year update revealed trading ahead of expectations with gross profit and adjusted EBITDA growing almost 18% to £9.2m and £7.3m. This was driven by an increase in total payment transactions of 15.3% to £158m with December a record month in the UK and overseas. Its key business segments of payments and messaging both grew in the period and it retains a growing pipeline of client prospects going into 2024. Fonix highlights “high levels of repeating income, continued growth from existing clients and opportunities for expansion internationally as reasons for confidence in future prospects”. With Fonix planning to pay out at least 75% of earnings per share, there’s a growin ...

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

Fonix Mobile (September 2024)

Fonix Mobile (May 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 (April 2022)

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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