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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Fonix Mobile

October 2021

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:
  • FNX
  • Price:
  • 161.5p
Fonix said revenues and profit remain “comfortably in line with management’s expectations.” Total payment volumes rose 10% to £233m in the year ended June while gross profit and EBITDA increased 13% and 14%, respectively.Customer numbers increased 13% at over 100  while it has maintained 100% client retention.Encouragingly, it established its first overseas operator connections in Austria and is in advanced discussions to launch into one additional European territory in coming months.Unchanged forecasts from FinnCap are for 9% EBITDA growth to £9.6m in the year to June ’22 for eps of 7.6p.Its price target is 200p based on a 4% FY’22 free cash flow yield. I am cont ...

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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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