Updates

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.

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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Card Factory - Long-term seller finally exits

Babcock

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

Fonix Mobile (May 2024)

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

Fonix Mobile (January 2024)

Fonix Mobile (November 2023)

Fonix Mobile - Upgrade to forecasts (October 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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