Share Name Share Symbol Market Type Share ISIN Share Description
Fairfx Gp LSE:FFX London Ordinary Share GB00BLS0XX25 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.00p -0.79% 125.00p 124.00p 126.00p 126.00p 124.00p 126.00p 94,075 14:00:03
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Retailers 15.5 0.2 0.4 337.8 128.90

Fairfx Gp Share Discussion Threads

Showing 351 to 373 of 375 messages
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DateSubjectAuthorDiscuss
17/7/2018
18:18
Section on BBC news at six about large credit card charges abroad - with a mention for FFX who compiled the report.
xajorkith
16/7/2018
11:24
ST in the IC on 10 July - 'For example, FairFX’s first-half trading update revealed that total transactions processed for clients through its e-banking and foreign exchange services platforms surged by 146 per cent to £1.1bn, or by 22 per cent on a like-for-like basis once acquisitions are stripped out. If anything house broker Cenkos Securities may be conservative in its forecasts which point to an eight-fold rise in full-year pre-tax profit to £7.7m on revenue up from £15.5m to £28.7m. Moreover, with the business operationally geared, if FairFx can maintain its heady progress and lift revenues by half to £43.4m next year, then pre-tax profit could more than double to £16.2m. This implies the shares trade on a 2019 forward PE ratio of 14 and a PEG ratio of less than 0.2, so the growth potential is hardly being overvalued. Indeed, if FairFx delivers on forecasts then the share price could easily rise by half again, or more, which makes Crystal Amber a smart way of playing the upside.'
gersemi
14/7/2018
13:39
Rave review from ST in weekly IC column he thinks this is 200p share price company in waiting. Surprised this hasn’t registered with ST usual following. RM
rampmeister
14/7/2018
07:05
https://investegate.co.uk/fairfx-group-plc--ffx-/rns/half-year-trading-statement/201807060700047919T/ FAIRFX Group PLC Half-Year Trading Statement RNS Number : 7919T FAIRFX Group PLC 06 July 2018 06 July 2018 FairFX Group plc ("FairFX" or "the Group" or "the Company") Half-Year Trading Statement Continued Strong Growth with Turnover exceeding £1 billion FairFX, the low-cost multicurrency payments and banking service, is pleased to provide the market with a trading update for the six-month period ended 30th June 2018. The Company has enjoyed a strong first half of trading, with substantial growth and new products launched. Against this background, strong margins have been maintained and rationalisation of the supply chain is delivering results. Turnover* for the first half was up 146.2% year on year to £1.1 billion (2017: £434.1 million), in line with management's expectations. On a like for like basis, excluding the acquired entities of Cardone Banking ("Cardone") and City Forex, turnover for the first half was up 22.8% to £532.9 million (2017: £434.1 million). Like-for-like turnover from prepaid cards and international payments rose 8.5% to £181.7 million and 39.1% to £334.6 million respectively. International payments turnover for the Group increased 131.6% year on year, supported by additional volumes from City Forex, which also achieved year-on-year turnover growth of 39%. Since acquiring City Forex in February, the successful migration of FairFX's international payments to the City Forex platform has given the Group increased opportunities to scale through the platform's straight-through-processing capability. Usage of the Company's corporate card platform rose 28.3% year on year. A strong focus on sales and marketing of the corporate product is now gaining traction and forms a key pillar of our overall offering to the SME customer base. On the retail card and travel money side of the business, the focus remains to grow turnover whilst maintaining margins through targeted marketing and improved user experience. The incorporation of the City Forex travel cash division into the Group is helping achieve this through maximising cross-selling opportunities. In addition, as the Group now controls the entire supply chain for the travel money business, we are extracting synergies and efficiencies. Within the Banking division, the Fair Everywhere business account was recently launched and brings together the expertise of FairFX in international payments and Cardone's banking capabilities. The account is designed to make global business banking easier, faster and cheaper for those who don't want borders to limit their business ambitions. The launch of Fair Everywhere marks the start of a number of banking products planned for release in the coming months. The focus for the second half of 2018 will be to continue the strategy of extracting efficiencies via scale whilst evolving the banking products for SME's. In addition, the Group will be continuing to identify and maximise the numerous cross-selling opportunities. The strong first half gives the Board confidence that the Company will achieve market expectations for the full financial year. FairFX CEO, Ian Strafford-Taylor, commented: "The performance of FairFX during the first half of 2018 demonstrates the execution of the Company's strategy to scale its core FX services whilst evolving the digital banking offering. The substantial growth in turnover has also been achieved without reduced margins and this gives us great confidence for the prospects for 2018 and beyond." * Turnover is defined as gross value of currency transactions sold plus gross value of deposits into bank accounts. Contact: FairFX Group plc Ian Strafford-Taylor, CEO +44 (0) 20 7778 9308 Cenkos Securities plc Max Hartley/Callum Davidson +44 (0) 20 7397 8900 Yellow Jersey Charles Goodwin Katie Bairsto +44 (0) 7747 788 221 +44 (0) 7946 424 651 About FairFX FairFX is a leading challenger brand in banking and payments that disintermediates the incumbent banks with a superior user experience and low cost operating model. This enables personal and business customers to make easy, low-cost multi-currency payments in a broad range of currencies and across a range of FX products all via one integrated system. The FairFX platform facilitates payments either direct to Bank Accounts or at 30 million merchants and over 1 million ATM's in a broad range of countries globally via Mobile apps, the Internet, SMS, wire transfer and MasterCard/VISA debit cards. FairFX provides banking and payment services to both personal and business customers through four channels: Currency Cards, Physical Currency, International Payments and Bank Accounts. The Currency Card and Physical Currency offerings facilitate multiple overseas payments at points of sale and ATM's whereas the International Payments channel supports wire transfer foreign exchange transactions direct to Bank Accounts. For Corporates, FairFX has a market-leading business-expenses solution based around its corporate prepaid platform and card that can yield significant savings on a Corporate's procurement through better controls and improved transparency and also streamline the procurement process thus saving administrative costs. Through the recent acquisition of CardOne, FairFX now has the capability to offer retail and business Bank Accounts with all the functionality you would expect from a Bank, namely faster payments, BACs, direct debits, international payments and a debit card. This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
189189188
13/7/2018
16:59
I just saw my first FFX tv ad-during Tour de France on Eurosport
nfs
12/7/2018
10:24
Did anyone attend the Sharesoc investor presentation yesterday? Any feedback? Thanks.
lomax99
09/7/2018
13:27
Can't buy....not even 500 shares.
11_percent
09/7/2018
13:21
Trades @ 135p - going higher this afternoon.
its the oxman
09/7/2018
12:45
Are there any new analyst price targets?
eh9
09/7/2018
12:08
Agree Oxman it's always been about whether they could execute in line with ambitious forecasts. T/U suggests that racy 2018 forecasts could now be exceeded. Note eps growth forecast for this year now at 1224%. My prediction is share price north of 200p by early 2019. Topped up first thing at 126.95. RM
rampmeister
09/7/2018
10:35
One way bet to c.150p short term , think market previously doubted the forecasts, but things are changing.
its the oxman
09/7/2018
08:29
Added a few more first thing.
lomax99
09/7/2018
08:21
Back into 130s today
its the oxman
06/7/2018
22:14
my fourth biggest holding now - after share price growth and adding a couple of months ago Will look at adding again if the chart continues its positive momentum
malcontent
06/7/2018
11:00
I missed the RNS this morning - very nice
panic investor
06/7/2018
10:47
Thanks for the info
amrishbhim
06/7/2018
10:41
Amrishbhim, people are selling because the Chart says it is overbought. RSI is way over 70,it is trading outside the Bollinger Bands, etc,etc. It will fall back short term. Buy back in when it falls to normal trading range.AIMHO. GLA.
callmebwana
06/7/2018
10:17
Quality company, wish I had more...
blueflame
06/7/2018
09:50
The FFX Appreciation Society is starting to build, as the word spreads. Today's news is too late for a mention in the next SCSW mag, which is due tomorrow, 7th July. However, the mag was very positive on FFX, with their last mention in the recent March 2018 edition along with a clear BUY tag. All this is no bad thing for new buyers as there will be a month's window for folks to accumulate ahead of any likely mention of FFX in the following SCSW edition - early August. gla, f
fillipe
06/7/2018
09:31
A massive jump in profits will happen because of 3 things: 1. huge growth in revenues, combined with 2. maintaining very healthy gross margins. 77% in FY2017 , combined with 3. enormous operational leverage by using their technology platform. In FY17, revenues grew by 52%, but admin fixed costs rose by only 28%. A large proportion of the growth should now flow directly into the bottom line.
ramridge
06/7/2018
09:31
This should be worth £2.50 for starters
eh9
06/7/2018
08:59
I don't get how people are selling here when the result could mean a price target of £3 or more in short term
amrishbhim
06/7/2018
08:54
Cenkos FFXH1 turnover was up 146% year-on-year to £1.1bn including the acquisitions of Cardone Banking and City Forex; and on a like-for-like basis was up 23%, driven by 39% like-for-like growth in international payments. With growth momentum continuing to build, scale economies kicking in, and Fair Everywhere integrated SME forex/banking launched successfully, the board reiterated its confidence in achieving market expectations for a massive jump in profits for the full year.International payments turnover was up 132% overall, boosted by additional volumes from City Forex; there are cost synergies to come from this as well, because FairFX has successfully migrated its international payments systems onto the City Forex platform. Turnover in the corporate card platform was up 28%; we see this and the Fair Everywhere global business banking platform becoming key drivers for medium-term growthThe reaffirmed confidence in achieving market expectations is worth noting; we are expecting a massive jump in profits, from adjusted EBITDA of £0.95m in 2017 to £8.3m in 2018. This is FairFX's year of transformation, from being a foreign currency payments provider to becoming a global forex/banking services provider. At a 2019E P/E of 12.5x with 85% EPS growth expected (ie a PEG of 0.15) this prospective growth is not reflected in the share price. Buy.
lomax99
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