Updates

Paysafe - Beats expectations again

October 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.

Paysafe’s interim results continued its happy knack for beating forecasts, with full year revenues now expected to be between US$970m-US$990m (from US$950m-US$970m) while EBITDA is now expected to be US$287m-US$293m (from US$270m-US276m).Those results showed sales, EBITDA and eps increasing 118%, 189% and 91%, respectively, to US$487m, US$144m and 20 cents.Looking at its three divisions, payment processing achieved 28% sales growth to US$231.2m. Growth would have been 32% excluding its major customer in China, which accounts for 15% of group sales. Gross margin rose 1.3% to 38.4%.Highlights include the launch in May of multi-currency cross border acquiring capability in Europe enabling it to offer full service pro ...

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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.

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