Updates

Paysafe - Shares hit a new high

May 2016

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.

After the stomach churning lurches ahead of its main listing the shares inched to new highs of 439p helped by results slightly ahead of expectations. Helped by a five-month contribution from Skrill and 10 months from Meritus turnover, pretax profit and eps rose 68%, 60% and 15% respectively to US$613m, US$108.7m and 26 cents. Net debt was US$431m.Within payment processing, revenues grew 15%, but excluding its major customer in Asia (now just 15% group revenues) organic growth was 29%, helped by benefits from principal membership of MasterCard and Visa Europe. Gross profit increased 23% to US$138.5m, although gross margin fell from 40.9% to 36.9% reflecting bigger contribution from Meritus.The digital wallet side (NETeller &am ...

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Paysafe - Re-rating ahead of more acquisitions (May 2017)

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Paysafe - Barclays lifts price target to 560p (February 2016)

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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