Updates

Safecharge

April 2018

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.

Shares in payment processor Safecharge are back to the top of their range following strong results. Revenues in FY17 increased 7% to US$111.7m but would have been higher were it not for a conscious decision to reduce exposure to the digital goods and financial services segment, replacing it mostly with services for 888, Plus500 and Paddy Power.During the year, Safecharge added additional sales and marketing personnel and opened offices in Singapore, the USA and the Netherlands but these costs ate into profits with pretax profit flat at US$29.2m. Eps were 17.8 cents. The gross margin decreased slightly to 57.8% due to mix but was offset by savings from client acquiring operations moving in house. Berenberg’s eps forecast for t ...

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Alfa Financial

Growth Portfolio 3 - April '18

Safecharge - Bid at 436p; gain 76% (June 2019)

SafeCharge (February 2019)

Safecharge (August 2018)

SafeCharge (September 2017)

Safecharge (January 2017)

SafeCharge (June 2016)

SafeCharge (September 2015)

Safecharge - Set to launch pay.com digital wallet (April 2015)

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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