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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Fairfx Group Plc | FFX | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 124.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 124.50 | 124.50 |
| Top Posts |
|---|
Posted at 21/5/2019 17:03 by epicsurf Fairfx write up and video on proactive investors today |
Posted at 11/5/2019 16:46 by 57eady eddie It's broken through the 200 day moving average (117.8p) now which is a great sign. Hopefully this will give it a further push north on Monday as investors take note |
Posted at 08/5/2019 12:43 by podgyted S Thompson in Investors Chronicle yesterday:-"I also note that investors are warming again to currency payment group FairFX (FFX:117p) and bank note printer De La Rue (DLAR:446p), and justifiably so. De La Rue is rated on a forward PE ratio of 10 and offers a 5 per cent-plus dividend yield, and FairFX has one of the lowest PEG ratios on the London stock market, suggesting the potential for the company to double EPS to 9p between 2018 and 2020 is being undervalued by investors given the shares are still only rated on a forward PE ratio of 13 for 2020. These two holdings account for 31 per cent of my estimate of Crystal Amber’s spot NAV, and I view both investments in a positive light." |
Posted at 07/5/2019 20:05 by 57eady eddie On 15th May last year, FFX released it's annual report with the notice of the AGM. I'm interested to see if they might do something similar this year, but maybe give an update on how the partnership with New York Met Bank is going, which they anticipated to be operational in the first quarter of this year. There wasn't too much mention of this in the last trading update, but it is something that I feel could bring significant upside potential. On another point, I noted that the 200 day moving average on the chart is 117.8p so if this is broken, I feel it could bring a new wave of investors in, as they see it as a very positive upward trend. |
Posted at 28/4/2019 14:32 by 74tom Thanks for context APAD, one of the main reasons I cancelled my investors chronicle subscription was there reluctance to tip growing small cap shares before it’s too late.Bar Simon Thompson’s column of his favourites, they play it safe on far too many occasions & also contradict themselves, the Fairfx extract below being an absolute classic; “Shares in FairFX are trading comfortably below their two-year average price to earnings ratio, relative to peers, but we remain on the sidelines until admin expenses fall as a proportion of revenue. Hold.” Fairfx shares are 33% lower than they were last September and they have just released a really positive statement for Q1 2019, yet they remain on hold... Watch them tip when shares are 150+ later this year! |
Posted at 28/4/2019 13:00 by lomax99 IC comment:FairFX reassures with solid growthIncreasing competition in the payments market, along with the heightened uncertainty surrounding the UK's departure from the EU, have weighed on shares in FairFX (FFX), now well adrift of their high point in October last year. But the latest full-year results have reassured investors, judging by a double-digit rise in the share price on results day.After moving into statutory profitability in 2017, the group expanded an already sizable gross margin to 78.5 per cent. Adjusted cash profits were up sixfold to £7.5m, which management said reflected operational gearing "with a significant retention of revenue growth flowing down to profits". FairFX signed up its millionth customer in the year, and more than doubled the gross value of currency transactions and deposits to £2.3bn Progress appears to be holding up in the current year - revenues were up 43 per cent to £7m in the three months to March 2019, ahead of expectations.Broker Canaccord Genuity is forecasting adjusted cash profits of £12.9m in 2019, giving EPS of 6.5p, up from £7.5m and 3.9p in 2018 IC ViewThe group has agreed on commercial terms with Metropolitan Commercial Bank in the US, giving it access to the "latent demand" from US citizens and entities, which will undoubtedly raise expectations. However, competition has stiffened as the sub-sector continues to garner new entrants, even though the market is consolidating. Shares in FairFX are trading comfortably below their two-year average price to earnings ratio, relative to peers, but we remain on the sidelines until admin expenses fall as a proportion of revenue. Hold. |
Posted at 26/4/2019 08:07 by its the oxman Market seemed to have priced in the worst. Fears largely overdone so this should see a nice relief rally in the weeks ahead as company meetings take place and give a further opportunity to reassure investors about progress etc. Importantly 2019 has got off to a strong start. |
Posted at 17/4/2019 20:52 by mrnumpty My last post of today ( I promise ! ) . In my first post today , at 11.01 am , I referred to the flotation of Finable , which trades as Travelex . If one looks at the opening page on the website of Fair Fx , it seems that they offer far better currency rates than Travelex : whereas Fair Fx offers 1127.50 Euros for £ 1000 ( with no transaction fee ) , Travelex merely give 963.90 Euros ( with a transaction fee of 5.75% ) . Another reason to be cheerful : Crystal Amber have raised their holding on various occasions to the point that , according to the latest RNS on Fair Fx's web site ( dated 29/3/2019 ) , Crystal Amber now hold 24.07% ( I can't remember the point at which a major shareholder has to make a takeover bid , but 24.07% cannot be much below that , in other words Crystal Amber is now fully loaded ) . As I wrote earlier , I suspect that the recent selling is because , by pushing the share price to just below the psychologically important level of £ 1.00 , which many private investors would have chosen , the market makers have forced the automatic operation of stop losses . |
Posted at 13/2/2019 12:47 by mcljeremy Hopefully the addition of another broker will help enlarge the shareholder list. It seems the company has 2-3 large institutions and the rest are small investors. It requires a far greater number of institutional investors as it's at the mercy of these guys, hence we often see exaggerated and random moves. |
Posted at 12/2/2019 17:08 by sphere25 Slightly odd one this.The trading action doesn't correlate with the price movements and the the trades are so biased to the sell side, that it's not a scenario you see very often on a market maker only stock. It's the type of action that scares private investors into selling, because all they see is a barrage of selling. Crystal Amber are on the bid and willing to buy in size. It's almost like they are taking on the market and mopping up all the sellers from 90 up to 94 so far in this more unorthadox manner. The oversold bounce is in play. It just looks more of the same in clearing out the weaker sellers whilst raising the bid. The interesting part is IF the sellers get exhausted, the line of stock dries up and then buyers take over. I suspect we get a big rally then because only small amounts of buying pressure will cause the stock to rally quite ferociously. It'll be interesting to see if the private investors who have been frightened out by the sell side trades buy back in realising what is actually going on. |
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