Updates

Optimal Payments

April 2014

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 volatile month with the shares coming off on profit taking from the highs of over 500p, where they were a six bagger since our tip at 76.25p in October'12. Revenues were up 41% to US$253m and EBITDA was up 89% to $52.2m. Adjusted eps were up from 12 cents to 26 cents. The big swing factor was its Neteller e-wallet, where revenues were up 54% to $59.8m. Chief executive Joel Leonoff says daily membership is running at around 2,200, up 44% year-on-year. Neteller makes its money when money is transferred into the wallet and then to/from gaming sites and with most of the activity performed electronically, gross margins went from 78% to a blistering 84%. Most of the income was in Europe and Asia but the US is the big fish and N ...

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EKF Diagnostics - Three acquisitions in a month

Regenersis - Step up in cost base to accelerate growth

Optimal Payments - Skrill trading ahead of expectations (September 2015)

Optimal Payments - Buying rival Skrill (April 2015)

Optimal Payments - Meeting notes (March 2015)

Optimal Payments - Profits in-line with increased forecasts (February 2015)

Optimal Payments - Strong H1 trading continues into H2 (December 2014)

Optimal Payments - Third forecast upgrade since June - new high - gain now 557% (October 2014)

Optimal Payments - 29% upgrade to 2015 forecast (July 2014)

Optimal Payments - Profits "materially ahead" (June 2014)

Optimal Payments - Trading ahead of expectations (February 2014)

Optimal Payments (December 2013)

Optimal Payments (October 2013)

Optimal Payments - Will achieve 2015 forecast this year (June 2013)

Optimal Payments - Neteller e-wallet 2,000 new users a day (April 2013)

Optimal Payments - Three states legalise online gaming (March 2013)

Optimal Payments - Shares go into orbit (February 2013)

Optimal Payments (January 2013)

Optimal Payments - July and August trading set records (October 2012)

Optimal Payments - US to legalise online gaming on a state-by-state basis (September 2012)

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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