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FairFX

July 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.

  • Epic Code:
  • FFX
  • Price:
  • 114p
The shares flip-flopped to a new high after the AGM last month, flipflop being the operative word since it has historically focussed on providing travel money. But 2017 was a transformational year for FairFX as it made two acquisitions that move it into the digital banking sector. Progress so far is encouraging with continued strong growth. In addition, the group is already reaping the benefits of the acquisition of City Forex in February since when it has migrated its international payments business onto the transaction processing platform developed by City Forex, thus driving efficiencies.  2018 is the year when scale economies will kick-in, with a seven fold increase to £7.5m adjusted EBITDA in broker forecasts. M ...

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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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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