Equals Share Discussion Threads

[74tom] 13/9/2023 08:19

There is seemingly a desperation from the marker makers to block the rise here - Peel sat on an imaginary ask from 4pm yesterday and continued this morning - nothing to buy, but they won't move the online offer up. Shocking manipulation and avoidance of creating a fair market.

[qs99] 12/9/2023 21:39

👍👍

[anon12345] 12/9/2023 19:00

Another tidbit from today's IMC presentation was the ambition for Solutions to hit 50% of revenue in 2025. If we assume non-Solutions revenue grows 5% p.a. it'd do about £70M in 2025, thus implying overall revenue in 2025 of ~£140M (with Solutions also being £70M).

Their incremental EBITDA margins are running about 30% so that'd ballpark FY25 EBITDA around £35M...

[alter ego] 12/9/2023 17:55

“I suppose those qualities make them unemployable in any of the major banks.”

I doubt they would the least bit interested. Big corporates stifle entrepreneurs

[qs99] 12/9/2023 16:41

As I said, billion dollar/maybe pound business if they get this right.

DYOR, have stocked up again today and buyers look like they are piling in at the end there. More to come DYOR.

[anon12345] 12/9/2023 15:26

Agree that the £50M EBITDA ambition inside of 5 years is the key piece of new info from today. That doesn't appear unreasonable if they can get Europe Solutions up and running anywhere near as effectively as they've done with UK.

If they execute on that aspiration, they'd be a 25-30% EBITDA margin business growing about 30% per year - I'd expect a teens EBITDA multiple for that sort of growth profile. This could comfortably be a 3x total return over the next 3-4 years.

[qs99] 12/9/2023 12:42

Who's to say that EBITDA and revenue in 3-4 years won't be surpassed judging on how the company under promises and over delivers?

AS they start to unpick the European market as yet untapped?

Add in Trackers as the company gets bigger, squeezing share price .....

AND cash pile and yield...

DYOR

[jias] 12/9/2023 12:29

How refreshing to see a CEO and finance director that that actually value their employees, investors and customers and still manages to deliver stellar performance.

I suppose those qualities make them unemployable in any of the major banks. 😂

[earwacks] 12/9/2023 12:14

It’s the ‘long aspirational goals that interest me.’as we saw with Niox the capital reduction took time to effect any meaningful share price movement. I suppose the court application to release some money for shareholders is a formality and can’t see any shareholders objecting. Like Paul’s adjustment to 1.70 on the stock. Maybe next spring? After that if they crack Europe would hope for a bit more than that

[qvg] 12/9/2023 11:54

i topped up at 8.01 a.m. Regrettably, not 1.5m shares

[shallwe] 12/9/2023 11:11

Someone topping up - 1.5m shares bought just before 11am :)

[carcosa] 12/9/2023 10:54

I preferred the EBITDA 50m on 200m revenues in 3-4 years time...

[wooster4] 12/9/2023 10:41

yes - been mentioned several times

[froggyranger] 12/9/2023 10:11

No one picked up on this yet?

The Board intends conditional, inter alia, upon the completion of the proposed capital reduction, to pay a maiden dividend of 1.5 pence per share in respect of the financial year 2023. A further announcement will be made in due course following the conclusion of the capital reduction process.

- Ends -

[longshanks] 12/9/2023 10:07

Quality outfit. What a stonking H1!!Dividend, totally unexpected but can see that they will now be throwing off plenty of surplus cash and little other use for it given the strong operating leverage of this business model.

[qs99] 12/9/2023 09:17

Thanks Paul, always good to listen in to your interviews.

[johndoe23] 12/9/2023 09:06

Lots of sellers around unfortunately

[brummy_git] 12/9/2023 08:50

After today’s rip-roaring 1st half results & upgraded outlook, Equals' CEO & CFO take me through:

Key top & bottom line growth drivers.
European expansion strategy.
Progressive dividend policy, and
Long term 'aspirational' goals

[johndoe23] 12/9/2023 08:25

More than likely will wait until 52 week/ATH is breached. Confirmation of breakout either than risk of being range bound

[masurenguy] 12/9/2023 08:08

You're wise to wait until the market settles - some profit taking already over the past 5 minutes.

[johndoe23] 12/9/2023 07:41

Look good. Will get marked up so investors with no position like myself might have to be patient!

[redartbmud] 12/9/2023 07:37

Interesting move from Alpha

"Alpha Group International plc

("Alpha" or the "Group")

Acquisition of Cobase

Leading Multibank Platform joins Alpha Group

Alpha Group International plc today announces that it has entered into a conditional agreement, pending approval by the Dutch Central Bank, to acquire circa 85% of Financial Transaction Services B.V., trading as "Cobase", a leading multibank connectivity platform. The initial consideration for the acquisition is €9.4m (£8.0m) in cash, with the remaining stake to be acquired via a performance-based earn-out between 2025 and 2028.

About Cobase

Founded in 2017, Cobase is an innovative, cloud-based provider of bank connectivity technology that enables corporates to manage their banking relationships, accounts, and transaction activity via one single interface. In doing so, the company unlocks significant operational and financial efficiencies, especially for international businesses with multiple banking counterparties across the world."

A bit more competition

red

[brummy_git] 12/9/2023 07:17

Better than expected H1'23 numbers & upgraded guidance today from Equals - a leading B2B international e-payments & fintech platform.

All the details & revised estimates here.

[ashleyjv] 12/9/2023 07:10

Excellent results and a dividend too

[masurenguy] 11/9/2023 13:48

Looks like some speculative buying before tomorrows interim announcement.