Fairfx Share Discussion Threads

[lomax99] 28/5/2018 11:23

Yes, it's SCSW.

[greenroom78] 28/5/2018 10:35

Sorry, who are sharewatch? Is that SCSW or a different one? Thanks

[montynj] 25/5/2018 20:18

Another sharewatch tip, Footasylum shs have drifted on lack of news since January...Foot Locker's stonkinly awesome results in USA today, sending it's shs up 20%, gives us a v good lead indicator for footasylum results due next month...sector is obviously doing incredibly well. Sharewatch tip sheet, highly regarded, made FOOT a major buy earlier this year...time to buy whilst market in london hasn't woken up yet

[nurdin] 04/5/2018 07:57

Successful integration of City Forex Platform



FairFX, the e-banking and payments group, is pleased to confirm that it has successfully migrated its international payments business onto the innovative proprietary platform developed by City Forex within only 10 weeks of the acquisition of the business on 21 February 2018.



The migration of the FairFX international payments business, which processed over £500 million in foreign exchange volume in 2017, required the transfer of over 100,000 records. The platform now gives FairFX payments customers access to a 7-year history of their transactions and also the ability to trade their foreign exchange directly on the platform if they prefer.



As previously stated, one of the key benefits of the acquisition was the City Forex platform, which processes foreign exchange trades and settlements with a high degree of automation and efficiency.





Ian Strafford-Taylor, CEO of FairFX commented:



"The project to move the FairFX international payments book onto the City Forex platform has been a tremendous team effort. It was a major achievement to complete the migration in only ten weeks from closing the deal, which demonstrates the Group's ability to successfully integrate new businesses."



ends

[payno1989] 27/4/2018 11:57

That’s me in the green T : ) James also went up on the main stage for one of the ‘dragons den pitches’ alongside 4 other companies - 2 of the 3 chairs went for FFX

[douglas fir] 26/4/2018 10:08

hxxps://www.shareprophets.com/views/35622/uk-investor-show-2018-video-james-hickman-of-fairfx

[toyin] 26/4/2018 08:51

Video on Share Prophets, James Hickman FFX from UK Investor show.

[lomax99] 26/4/2018 08:11

IC comment:

FairFX eyes digital banking expansion

FairFX (FFX) detailed a “milestone year of development”, in addition to its first full-year of profitability since floating in 2014. The e-banking and payments specialist expanded its digital banking services with the help of two acquisitions. Q-Money, purchased in January 2017, brought the company an e-money licence, while CardOne, purchased in August via a £26m share placing, brought in £185m in gross deposits. Acquisitions aside, FairFX’s core segments also traded well: currency card turnover and international payments turnover climbed 17.9 per cent and 19.5 per cent, respectively, which meant that gross transaction volumes rose 41 per cent to over £1.1bn.

For now, amidst heightened regulation around data protection, the group is focusing on internalising parts of its supply chain, removing intermediaries and ultimately improving margins. As part of this strategy, FairFX bought City Forex in January this year (the business has partnered with FairFX since 2007, providing its travel currency service).

Prior to these results, Cenkos forecast adjusted pre-tax profit of £7.1m for 2018, with EPS of 4.7p, against £0.41m and 0.4p in 2017.

IC View

Against a crowded and competitive payments and digital banking landscape, it’s encouraging to see FairFX finally reaching profitability. Momentum continued into the first quarter of this year, with transaction volumes up 126 per cent to £440m and sales up 85 per cent to £4.8m. True, the shares trade on a demanding 23 times forecast earnings; but adjusted operating profits (less marketing expenses) are given a compound annual growth rate of 117 per cent between 2016-19. And Cenkos reckons 2018 will see economies of scale “really kick in”. Buy.

[douglas fir] 23/4/2018 13:40

hxxps://www.stockopedia.com/content/small-cap-value-report-mon-23-apr-2018-zoo-ffx-utw-sfe-lok-355908/

Important-sounding developments are taking place, in particular the new permission from Mastercard to issue its own cards.

FairFX is too early in its development to have shown good returns on capital, but I'm curious to discover whether the business model might be capable of doing this in future. An initial inspection of forecast earnings for 2018 suggests that it might be.

I don't own either of these, but I might mention in passing that both Visa (US:V) and Mastercard (US:MA) look like spectacularly good companies to me. Their shares offer a simple first step to gain exposure to the ongoing growth in the payments industry worldwide.

[dibs61] 23/4/2018 07:45

French - no div - that’s because it’s a very much a growth stock at this stage of its development which I am sure you realise.

As for remuneration, in this case management have delivered have they not?

[frenchfry] 23/4/2018 07:38

Decent results, but no divi prospects, and note directors wedge of £1.3 m

[metis20] 23/4/2018 07:23

FairFX, the e-banking and international payments group, is pleased to announce its audited full year results for the year ended 31 December 2017.

Financial highlights:

· Group turnover(1) in excess of £1.1 billion (2016: £0.8 billion), an increase of 41%

· Group revenue of £15.5 million (2016: £10.2 million), an increase of 52% (33% on a like for like basis)

· Gross profit of £11.9 million, up 60% (39.1% on a like for like basis)

· Adjusted EBITDA(2) of £1.0 million (2016: loss £1.5 million)

· Adjusted PBT(3) of £0.9 million (2016: loss £1.6 million)

· First full year of profitability

[alan@bj] 18/4/2018 16:55

All that excitement last week, and now the share price is back where it started, if not slightly lower.

[lomax99] 16/4/2018 12:48

Small top-up, results due shortly.

[saucepan] 13/4/2018 16:28

Indeed, the small market capital is arguably indicative of the multi-bagger potential here.

I note that ShareScope is showing a forecast 2019 P/E of just 10.9 and a minuscule Slater PEG of 0.07.

[modform] 13/4/2018 12:46

Ah thanks
It's actually 165m mcap if you count no of shares and current sp, but took the easy option and looked at advfn app which is reporting the wrong mcap.

[carcosa] 13/4/2018 12:17

155m mkt cap

[modform] 13/4/2018 12:03

Once the growth becomes visible, expect more ii to become more interested which will drive up the sp, it's only a 100 mcap company

[11_percent] 13/4/2018 09:36

Still going.....thought it might come back a bit, but no.

[11_percent] 13/4/2018 09:24

100p did not show much resistance...lol.

[blueflame] 13/4/2018 09:17

Me too, only wish I'd bought more at 73p.

[lomax99] 13/4/2018 09:14

Lovely, and all the better for that welcome dip in early February enabling me to top-up sub 70p. Ssssh!

[saucepan] 13/4/2018 09:09

Such a significant move, and no comment here. FFX must indeed be off the radar! Nice.