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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Fonix Mobile

September 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.

  • Epic Code:
  • FNX
  • Price:
  • 244p
A sparkling full year trading update from Fonix showed gross profit grew 28% to £17.9m, beating expectations by 6%. The momentum reflects both growth from existing customers and winning new ones, and total payment volume of mobile payments processed in the year grew by 12.8% to £302.4m. Meanwhile, investment into international expansion has led to several TV and radio broadcasters being lined up to trial services in a new country, with management hopeful of unveiling more details at its final results in September. Broker Cavendish has upgraded this year’s EBITDA forecasts by 5% for new eps of 10.3p. Its price target is 300p. A main buy back in February ‘21 at 141.5p, the shares have gained 72%. I am holding on for more. ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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