Updates

Paysafe - Deutsche Bank raises target to 600p ahead of CEOs bold acquisition

February 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.

Ahead of reporting on 7 March, Paysafe has said it expects the full year to beat market expectations. Having already raised guidance twice since the start of 2016, this third upgrade means revenues are expected to surpass US$1bn. EBITDA expectations have risen to “at least US$300m” with a pretax profit of US$243m in this time. Even better, Deutsche reckons that the organic growth of 20% seen in H1 may have accelerated towards the low 20%s in H2.As a first shot for 2017 Paysafe says it expects to see “organic sales growth in low double digits and to maintain ebitda margins at 30%” (despite substantial investments in Know Your Customer infrastructure investment to comply with the European Union’s fourth anti-money laundering dir ...

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Horizon Discovery

Styles & Wood - Eps forecasts upgraded to 54.4p and 59.4p

Paysafe - 590p cash bid approach (August 2017)

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

Paysafe (April 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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