Updates

Safecharge - Bid at 436p; gain 76%

June 2019

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.

I always thought Safecharge, which facilitates mobile online payments, would be a predator as it had a cash pile of US$85m but this month the company is being swallowed up by Texas-based payment firm Nuvei, which has made a recommended cash offer of US$5.55 per share (436p a share). The deal values the company at £699m.Safecharge’s obvious attraction is that it is a business with increasing scale with a total transaction value processed in 2018 of US$13.9bn, up 45% year-on-year from merchants that are mostly in Europe. Safecharge was a main recommendation in April 2015 at 247.5p. Accept the offer; gain 76%. ...

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Solid State

Dialight

SafeCharge (February 2019)

Safecharge (August 2018)

Safecharge (April 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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