Updates

Fonix Mobile - Upgrade to forecasts

October 2023

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.

Mobile payments business Fonix is focused on leveraging its highly scalable cloud-based IT platform to expand with existing clients and win new ones and its full year update for the period ended 30 June is bearing this out nicely. Total payment value (TPV) is now expected to rise from £258m to £268m this year before spiking to over £300m in 2024. That has led to a 4% rise in EBITDA profit to £11.6m in H1 ‘23. Encouragingly, this year’s launch into Ireland has made strong progress with 16% of the Irish population already using the platform while three new Tier 1 clients have “gone live”. Encouragingly, Fonix has also retained 100% of its existing clients while there’s been no churn for major customers in seven years. Broker ...

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CVS Group

Hill & Smith - Shares highest since last autumn

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

Fonix Mobile (September 2024)

Fonix Mobile (May 2024)

Fonix Mobile - Shares surge above 250p (March 2024)

Fonix Mobile (January 2024)

Fonix Mobile (November 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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