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Optimal Payments - Will achieve 2015 forecast this year

June 2013

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:
  • OPAY
  • Price:
  • 175p
At the AGM, Optimal said that the first four months of the year have gone with a bang and it is trading “significantly ahead†of market expectations.  Numis has increased its forecast by 36% to a level almost that for 2015!The broker has increased its growth forecast for the Netbanx side to 25% from 20% and that for the Neteller e-wallet to 35% from 15%. Their full year sales forecast rises to US$227m, an increase of US$15m, and EBITDA rises by US$8m to US$43m, demonstrating the man-sized operational gearing in both divisions. Numis forecasts eps of 17.8 cents for this year and 22.8 cents next. The broker sets a 210p share price target, which would be a gain of 175% on the 76.25p recommendation last September. ...

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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.

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