Updates

Paysafe

April 2017

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.

Paysafe moved to recent 52 week highs following 2016 results. These reflected a full 12 month contribution from Skrill (five months last year) helping sales top US$1bn versus US$613.4m (21% organic). Helped by integration cost savings ahead of schedule, pretax profit doubled to US$241m. Adjusted eps was 41 cents, a rise of 65%.All three divisions performed well with sales split payment processing 47%, digital wallets 31% and prepaid 22%.Payment Processing grew sales 25% to US$467.8m. Excluding the big client it doesn’t like to mention - its Asian business, which is processing gaming for Bet365 in China - this was organic growth of 20% (H1 growth 32% versus 10% in H2). Reported gross margin improved to 40.6% from 36.9% m ...

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Fusionex

Shawbrook - Significant profit upgrade

Paysafe - 590p cash bid approach (August 2017)

Paysafe - Confirms 31%+ EBITDA margins (June 2017)

Paysafe - Deutsche Bank raises target to 600p ahead of CEOs bold acquisition (February 2017)

Paysafe - US$0.5bn headroom for deals and soon-to-be prospective PE only 10.8 (December 2016)

Paysafe - Trading ahead of expectations (September 2016)

Paysafe - Will beat even upgraded expectations (June 2016)

Paysafe - Shares move to new high following results (April 2016)

Paysafe (February 2016)

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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