Fairfx Share Discussion Threads

[gerihatrick] 02/5/2019 11:13

I wonder if this is in anticipation of the partnership with NY Metropolitan Bank being activated-was predicted to start in Q1

[jarega85] 02/5/2019 10:47

She is moving again! Lets see if we can crack 120

[tomg23] 30/4/2019 14:09

It's still 110.25 to sell so bid/ offer a little deceiving

[11_percent] 30/4/2019 13:52

Let it settle back, before buying more.

[discodave4] 29/4/2019 19:14

Be happy with 120 first.

[its the oxman] 29/4/2019 16:13

Good chance of breaking 120p near term

[growthpotential] 29/4/2019 15:19

Will come way before then

[onjohn] 29/4/2019 15:18

Indeed 150p will come before Christmas

[jarega85] 29/4/2019 15:13

And both are good and will come soon!

[lomax99] 29/4/2019 14:19

So's Christmas...

[onjohn] 29/4/2019 13:53

150p coming

[onjohn] 29/4/2019 07:09

o/t upgs wow just wow



INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 JANUARY 2019

Strong trading with normalised revenue increasing by 20.8%, driven by growth across all channels

Interim dividend increased by 39.8%

Ultimate Products, the owner, manager, designer and developer of an extensive range of value-focused consumer goods brands, announces its interim results for the six months ended 31 January 2019.

Financial and operational highlights

-- Revenue up 36.0% (or GBP17.4 million) to GBP65.8 million (H1 FY18: GBP48.4 million), driven by growth across all four of the Group's channels:

o UK and European discounters revenue up 34.6%

o UK supermarkets revenue up 32.1%

o Online revenue up 85.2%

o International retailers revenue up 173.0%

[74tom] 28/4/2019 14:32

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!

[apad] 28/4/2019 13:25

"we remain on the sidelines until admin expenses fall as a proportion of revenue.'"

Thanks, Iomax.
The comment is about these numbers:
Revenue
26,092,392 (15,460,735)
Administrative expenses
18,109,624 (11,435,841)
A significant increase in proportion.

So is possibly fair, however the reduction of processing costs is ahead of schedule.
I would have thought that waiting for the costs to fall would mean missing out on the growth potential.
Also there is no comment on Revolut's problems.

Maybe just easy copy for a busy journo. Maybe just playing it safe?

apad

[opodio] 28/4/2019 13:08

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.



nice

[lomax99] 28/4/2019 13:00

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.

[onjohn] 28/4/2019 10:46

Very nice
Was article in telegraph recently saying a bid very likely as is so cheap against other company recently bought by mastercard

[rampmeister] 27/4/2019 20:13

Understand Canaccord have initiated coverage with 135p tp.
RM

[martindjzz] 27/4/2019 16:55

My average cost of acquisition is 121p so I’m obviously pleased with yesterday’s results and bounce. But it is worrying that the Board is already talking about Adjusted EBITDA rather than real profits. Let’s hope that the 5 different categories of cost said to be one-off do not reappear next year.

[74tom] 26/4/2019 18:00

Yep, if you’re talking about the £526k trade @105.25 at 2.30pm, I’d say that’s an insti buy, if it was a sell there is no way the share price would have risen to 107.4 into close, the market makers would have dropped us to 100 or lower to try and generate buying to fill the sell.

Personally, I expect we’ll be back over 130 in the next couple of weeks, there was so much to like about today’s update!

[saucepan] 26/4/2019 17:44

You could just as easily say "some chunky blocks of shares being bought today". Whatever stock was sold today, found a home.

Should anyone be into the "O'Neil Disciples", Morales and Kacher, today's volume and candle action created a classic "pocket pivot", which can be a tell-tale footprint of institutional buying.

[tomg23] 26/4/2019 17:27

Some chunky blocks off shares being sold today. Hopefully the rise today will have cleared alot of the overhang