Fairfx Share Discussion Threads

[its the oxman] 09/7/2018 13:21

Trades @ 135p - going higher this afternoon.

[eh9] 09/7/2018 12:45

Are there any new analyst price targets?

[rampmeister] 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

[its the oxman] 09/7/2018 10:35

One way bet to c.150p short term , think market previously doubted the forecasts, but things are changing.

[lomax99] 09/7/2018 08:29

Added a few more first thing.

[its the oxman] 09/7/2018 08:21

Back into 130s today

[malcontent] 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

[panic investor] 06/7/2018 11:00

I missed the RNS this morning - very nice

[amrishbhim] 06/7/2018 10:47

Thanks for the info

[callmebwana] 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.

[blueflame] 06/7/2018 10:17

Quality company, wish I had more...

[fillipe] 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

[ramridge] 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.

[eh9] 06/7/2018 09:31

This should be worth £2.50 for starters

[amrishbhim] 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

[lomax99] 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.

[xajorkith] 06/7/2018 07:29

Strong trading & looking very positive going forward:

"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."

[metis20] 06/7/2018 07:14

Half-Year Trading Statement - from today's RNS:-

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.

[lomax99] 03/7/2018 08:29

There was a half year trading update on 5th July last year, so we may get an update later this week, or perhaps early next week.

[sharesoc] 01/7/2018 15:35

FairFX present at our London growth company seminar on the 11th July, which may be of interest to shareholders and potential investors:

[xajorkith] 27/6/2018 09:29

Another very positive development for FFX as they continue to expand the "Fair" brand into new markets.

[lomax99] 27/6/2018 09:27

Cenkos FFX this AM"The launch of Fair Everywhere delivers on management's promise of extending FairFX beyond forex payment services into full global business banking. As we have opined earlier, we believe that paying a fraction of the 10-15% of all-in forex charges from high-street banks will prove popular with many businesses – particularly with exporters where an extra 5-10% in margins for international sales can give a major boost to their profitability""We do not expect Fair Everywhere to add significant revenues this year, we do think this is a major step forward for FairFX on its way to becoming a global banking services provider. A 2019E P/E of 12.6x with 85% EPS growth expected in 2019E (following 5x expected EPS growth in 2018E), ie a PEG of 0.15x, is a low price for the prospective growth. We reiterate our Buy"