Primary Recommendation

FairFX - Fast growth forecast from a non economic driver of supply chain rationalisation

November 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.

In the July issue of SCSW I recommended two very different businesses making money in the currency markets, Alpha FX (AFX; 490p) and Ramsdens (RFX; 172.5p). Another company I came across when I was looking at these two was FairFX, an international payment service provider, and following a meeting with chief executive Ian Strafford-Taylor, I think it’s time for SCSW to alight on it.FairFX is expected to grow profits at a phenomenal rate. For the current year it is only expected to be modestly profitable, but Strafford-Taylor has laid out a plan to grow its annual revenues and EBITDA “to in excess of £30 million and £15m respectively by the end of 2020 and to achieve a targeted increase in net profit margin t ...

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Altitude - Second bite at the cherry

Softcat

FAIRFX - Disintermediation strategy ahead of plan (April 2019)

FairFX (February 2019)

FairFX (November 2018)

FairFX (August 2018)

FairFX (July 2018)

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

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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