Updates

FairFX

August 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.

The shares went sharply higher after FairFX said H1 had seen substantial growth with sales up 146% to £1.1bn including the acquisitions of Cardone Banking and City Forex. On a like-for-like basis, excluding acquisitions, turnover was up 23% driven by prepaid cards up 9% to £181.7m and international payments up 39% to £334.6m. With growth momentum continuing to build, scale economies kicking in and SME forex/banking launched successfully, the board reiterated its confidence in achieving market expectations for a massive jump in profits for the full year. Cenkos forecasts £7.7m pretax profit this year and £16.2m next. Corresponding eps is 4.9p and 9.1p. Strong hold. ...

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Superdry

Swallowfield

FAIRFX - Disintermediation strategy ahead of plan (April 2019)

FairFX (February 2019)

FairFX (November 2018)

FairFX (July 2018)

FairFX - Buys City Forex for £6m cash (March 2018)

FairFX - Fast growth forecast from a non economic driver of supply chain rationalisation (November 2017)

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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