Equals Share Discussion Threads

[qs99] 06/7/2023 12:08

Anon12345 that is a cracking post thank you for that analysis

They are nearly at £100m annualised T/O in my view, so your £150m over 2-3 years with EU growth could look v. conservative....

At c.£50m EBITDA and cash stacking up, what market cap for that then?!! you get the drift.

A high growth, highly scalable, hasn't touched the surface IMO of the TAM yet business, cash generative, possibly yield in future and its on low single digit EV/EBITDA multiples.....DYOR

[66fingers] 05/7/2023 20:45

Will be happier when it's reflected in the share price...

[anon12345] 05/7/2023 19:02

The most interesting piece of info in that trading update is the explosive growth in Solutions - Solutions revenue run rate in the 7-week period since the prior trading update nearly doubled. Solutions is the highest quality revenue stream they have (large & sticky customers) and the fact it's growing this fast - even before Europe is open - suggests very significant runway.

Even if the rest of the business stands still, and in Europe they replicate the Solutions success they've had since launch two years ago, this will be generating about £150M revenue annualized and EBITDA margins should be pushing up to the mid-20% range. That's why I think EBITDA could easily double (from about £20M currently) in the next 2-3 years - puts the stock at something like 4-5x EBITDA at 2yr forward multiples, which is unsustainably low.

[jias] 05/7/2023 18:13

I’ve learnt something too. I’d assumed that cryptic post was referring to the Sunday Times.

[66fingers] 05/7/2023 17:40

Thanks petewy

[petewy] 05/7/2023 17:23

Simon Thomson in the IC (Investors chronicle) Never heard on the BBC (British...

[66fingers] 05/7/2023 17:15

Sorry for my IGNORANCE, who's ST?

[techtrader5] 05/7/2023 09:32

Wait for ST’s article prob at w/end

[big7ime] 05/7/2023 09:25

I can buy 10k at 99.01

[big7ime] 05/7/2023 09:21

mesb I think mms trying to obtain stock before final push thro 100 which could be steep
Good volume break of this significant level (all very childish imo) expected

[techtrader5] 05/7/2023 08:51

The next technical move to 130p now seems assured with that news this morning
The license Oonex has to open up business for EQLS cannot be under emphasised and is a master stroke to gain markets quickly.

[smithie6] 05/7/2023 08:50

earwacks

I think you read the RNS incorrectly

it said
"and represents 102% of FY-2021 revenue"

2021 revenue not 2022 revenue

but agreed, impressive growth.

[mesb48] 05/7/2023 08:43

Clearly a seller shifting decent size blocks whenever there’s any news/liquidity. Guess it shouldn’t be a surprise after a decent run. Getting a bit tedious though.

[adorling] 05/7/2023 08:29

Superb set of financial results and Europe now open for EQLS business.

[qs99] 05/7/2023 07:42

Brilliant update, as I have said, holding on for that $1bn company this can really be....DYOR....Cracking growth, must be getting "well known" now in the industry, now opportunity to take on Europe....can't be long now before we are c.£500k revenue per day the rate it is going.....Then £1m and 20% margins etc.....DYOR

[brummy_git] 05/7/2023 07:35

Another cracking trading update from B2B international epayments & fintech platform
Equals today.

Reporting record H1 sales, up 43% YoY to £45.0m and +21% sequentially vs H2’22.

All the details here.

[earwacks] 05/7/2023 07:29

Revenue for six months exceeds the whole of last years revenue and completion of oonex acquisition . Brilliant well done guys. Anyone still think this is full of hot air? Lol GL all

[ashleyjv] 05/7/2023 07:23

lots of news today

[66fingers] 04/7/2023 20:52

Perhaps that's why HSBC are pushing me to open a global currency account. Equals update tomorrow.

[big7ime] 04/7/2023 17:41

HSBC hardly a new business and can’t compete imo with the Eqls offering. EQLS IS one of the new businesses taking it off the banks

[66fingers] 04/7/2023 17:20

There seems to be a stampede of companies moving to provide people and companies with currency services. I've been contacted by HSBC about their new product HSBC Global Money. Hope Equals are not going to be overtaken by companies rushing to offer foreign currency services...

[qs99] 28/6/2023 09:23

Any views on this daily drop off?

[colinroberts] 23/6/2023 09:24

Under 'important dates' on their website.

[dicktrade] 23/6/2023 09:23

its on company investor relations website

[squeakeasy] 23/6/2023 09:16

Where did you read about at trading update?