Fairfx Share Discussion Threads

[quepassa] 26/3/2015 17:04

All gone quiet here.

The share price is now below the 45p IPO price last year.

This does not necessarily surprise me.

One notes that FairFx will be advertising on Sky. I do ask myself when they claim they are following in the footsteps of Rolex, Santander and Shell in so doing, how the advertising budget of Fairfx compares to these elite global companies.

ALL IMO. DYOR.
QP

[sharesoc] 21/3/2015 12:31

FAIRFX are presenting at our next growth company seminar on April 21st, investors and potential shareholders may be interested in attending. More details and registration at...

[errollc] 20/3/2015 07:18

Interesting sponsorship deal announced today....

[quepassa] 10/2/2015 14:52

The market bid price is showing as 46p today versus the float price of 45p.

That's not good.

The graph looks to be in a firm downwards trend.

One cannot rule out the possibility that this share may or may not fall below the ipo price in fairly short order.

ALL IMO DYOR.
QP

[quepassa] 30/1/2015 10:28

Looks to me like a steady decline in share price has set in. The graph above illustrates.

ALL IMO. DYOR.
QP

[errollc] 26/1/2015 08:53

worth a listen..not that anyone looks at this company, yet.

[errollc] 19/1/2015 07:44

Heading in the right direction....think the new offices will produce good results too.

[errollc] 21/11/2014 07:46

Good news indeed....

[errollc] 20/10/2014 07:47

The business has 300,000+ customers ...the customers will grow as a result of UK expansion plus overseas expansion in the coming years. Corporate transfers are also increasing and will continue to grow. Any bank would give their right arm for these customers and I suspect the business will be sold...one day!

[quepassa] 16/10/2014 22:15

...you display an unhealthy interest.....
....only wish I had enough spare time to do the same.....


???


curious statement for a curious chap.

QP

[charlieej] 16/10/2014 21:16

I have now sold as with global concerns I can see a growth potential company like FFX being dragged down due to the high risks involved. However I still believe in the potential of the business and remain a watcher.Quepassa I think you display an unhealthy interest in a business in which you have no vested interest. I only wish I had enough spare time to do the same.

[quepassa] 07/10/2014 10:18

I hear what you say. You are very much entitled to think what I say is unfair.

However let us just compare the market valuation of Fair Fx to another ( financial services ) AIM -listed Company. This will, I believe, illustrate the stratospheric valuation which in my opinion is currently being enjoyed by Fair Fx.

Fair Fx was brought to the market by its AIM-listed NOMAD, the highly respected Cenkos plc.

Like Fair Fx, Cenkos plc just came out with its half-year figures:-

Profit before tax £23.5m
Profit After Tax £18.8M
Interim dividend declared 7p
Net Assets/Net Worth of Company £41.2m (mainly cash)
Market Cap £138m
Yield 5.5%++

Since Cenkos floated on AIM in 2005, they have paid 84.5p in dividends

The half-year figures for Fair FX are the following

LOSS before tax £583,000
Interim dividend ZERO
Net Assets/Total Equity £216,000
Market Cap £48million.
Yield zero.


Personally, I can see no rationale whatsoever ( even with the most blue-sky optimistic growth forecasts/assumptions ) for Fair Fx to be valued at 33% of its NOMAD. In my opinion only, nothing supports a current market valuation of approaching £50m for this Company.

ALL IMO. DYOR.
QP

[superhotchilli] 04/10/2014 11:10

Quepassa - I don't think that's fair but respect your opinion. The company is still in its infancy and they have an expanding customer base and are increasing their market share rapidly. They could really start to clean up here as it's a huge market. Surely what investors are interested in most of all is growth.

[quepassa] 03/10/2014 10:09

What a dreadful interview.

Not a single mention made of the Company's performance. No reference to the loss-making interim results or the fact that the Company is valued at £50million but has a Total Equity ( NAV ) of less than a quarter of a million pounds.

How can a financial interviewer not talk about or make any reference to the underlying financial situation and performance of a Company? - That's a new one to me.

It's a cut-throat business. Fair Fx bumped up their revenue by 40% or so . Big deal! The margins are so tight/competitive on what they do, that a big increase in revenue still couldn't throw up a profit, even if they did spend on advertising and some IT upgrades.

ALL IMO. DYOR.
QP

[kloos2] 01/10/2014 11:38

radison56: What are they saying about FFX?

[radison56] 01/10/2014 10:19

Mentioning FFX on tip tv now

[quepassa] 01/10/2014 07:59

Anyone who bought at or near 45p just last month in August has done extremely well with the share price now at 75p. Must perhaps be tempting to sell and bank a 66% gain in just a few short weeks, especially after the Company came out with yesterday's loss-making figures.

Fascinating multi-page feature in this week's Shares Magazine which reviews in great detail recent IPO activity. The feature is titled: IPO Secrets. - How to pick the best and avoid the worst.

With a 66% gain FairFx are almost at the very top of the gainers list. But it is surprising how even some well-known names like Poundland and Royal Mail initially shot up so dramatically but have now equally fallen back a long way.




ALL IMO. DYOR.

QP

[quepassa] 30/9/2014 09:00

LOSS-MAKING.

MARKET CAP OF £50Million.

TOTAL EQUITY HAS F A L L E N from a dimunitive £798,000 as at 31/12/13 to a paltry £216,000 as at 30th June.

High market valuation of £50m for a loss-making Company whose Total Equity has fallen to less than a quarter of a million pounds.

ALL IMO. DYOR.
QP

[microscope] 30/9/2014 08:39

Market seems to be reacting very positively to the growth performance and strategy outlined in the interims this morning, hopefully will translate to net profits before long too(link to interims under the share price graph in my header post).

'...Top ranked by consumer ratings companies...' ;)

Extract:

'...Key Financial Highlights

-- Revenue up 68% to GBP223 million (H1 2013: GBP133 million)
-- Gross profit up 42% to GBP1.82 million (H1 2013: GBP1.28 million)

'Key Operational Highlights

-- Retail Customer numbers increased in the first half by 44,094 (H1 2013: 26,175) to a total of 362,407, a growth rate of 68%, principally fuelled by increased and targeted marketing spend

-- Growth in each multi-payment and single-payment category
-- Continued investment in technological R&D - P2P matching platform provides major edge
-- Top ranked by consumer ratings companies
-- Significant upgrades to website, mobile and Apps expected by year end...'

[quepassa] 30/9/2014 07:07

Interims:-

Loss-making.

QUOTE

The Group incurred a loss for the period of GBP0.58 million (H1 2013: GBP0.16 million), reflecting the increased marketing and IT spend as well as the growth in headcount to support the Group's aggressive customer acquisition strategy.

UNQUOTE

ALL IMO> DYOR.
QP

[microscope] 29/9/2014 12:43

Up again today.

Thing about these 'soundbyte sites', they bring up some negative stuff about most companies it seems, (as well as positive of course), happened across some negative comments about Caxton too, not all good comments! (dyor) ;)

Anyway more relevantly my opinion is that a lot of companies on AIM seem often only to move significantly on newsflow, this company hasn't yet had any after day one, but continues to do very nicely, thank you! Hopefully any good newsflow might see the share price continue to improve.

[quepassa] 29/9/2014 11:27

Mkt cap. circa £50million.
Around 68million shares in issue

Figures 31/12/13 from Admission Document.


PBT £129,000
Total Equity £798,000.



It may be interesting to consider the following .



Earnings per share

Price-Earnings ratio

NAV per share




ALL IMO. DYOR.

QP

[quepassa] 25/9/2014 16:31

Oddly similar.
Yes , good way of putting it. So many different forums highlight questionable customer service. Coming from such a variety of places, it is surprising how oddly similar they are. More of a common theme
An article comparing Caxton FX to FairFX of which this is an extract "We tried to contact both companies and unfortunately Fair FX fell at the first hurdle thanks to a combination of not having a general enquiry number, lots of conditional small print & an unhelpful site layout"



ALL IMO. DYOR.

QP

[microscope] 25/9/2014 16:08

Had to laugh at the 'no phone numbers' comment from the first bunch! Took me 2 clicks (approx 4 seconds) to find one, one onto the website and one more, from where I'm sure, if necessary, I'd be redirected.
Have to be so careful with trusting hearsay! :)