Fonix Mobile Share Discussion Threads

[rivaldo] 09/8/2022 07:28

Good to see FNX will have an Investor Meet presentation on 23rd September at 12.30 pm after the prelims the day before:

[rivaldo] 27/7/2022 11:31

Great write-up hastings, thanks. The Bauer and Nuvei deals certainly sound like they should be the base for further roll-outs and contracts. Interesting to see the German expansion via both Bauer and Gauselmann plus the likelihood of news from Austria in the next few months - that area of Europe is proving particularly fruitful.

[hastings] 26/7/2022 12:37

Following on from rivaldo's post, my latest offering following a catch up with the CEO.Https://martinflitton1.wixsite.com/privatepunter/post/fonix-looking-well-connected-26-07-22

[rivaldo] 26/7/2022 12:07

Great news just posted by FNX - a partnership with the German global conglomerate Bauer across Ireland.

And this must have been in development for a while as it's now properly launched so will benefit the current year.

This alone should be lucrative for FNX, but the real golden goose is the likelihood of extensions of this partnership around the world with the mighty Bauer, who have €2.2 billion annual revenues:



"Jul 25

Fonix announces launch into Republic of Ireland and partners with Bauer Media Audio Ireland

We’re excited to announce we’ve launched this month in Ireland.

Across Ireland, our clients can now collect payments for in-app content, games, competitions and digital services from more than 5.1 million mobile subscribers by charging purchases to their postpaid phone bill or prepaid SIM card.

The expansion has started with Fonix managing the mobile interactivity for Bauer Ireland. Bauer Ireland is the country’s largest commercial radio group with five radio brands including the national stations Today FM and Newstalk, two SPIN youth stations and 98FM in Dublin.

Heading into Ireland is another step to achieving our strategic growth plan. We are always looking for new ways to innovate; this is just the start to help us magnify our efforts and strengthen our vision.

Fonix provides a secure, instant and frictionless experience for consumers while also ensuring first-class mobile payment technology, delivering efficiencies for brands.

We look forward to driving growth across this market; our partnership with Bauer Ireland is a first-class example of our connectivity in Ireland being brought to life."

[rivaldo] 26/7/2022 08:52

RNS : FNX have a new major shareholder.

Charles Stanley have just turned up with 10.11% of the company, or 10.1m shares.....a very nice commitment indeed (the last I can see they had only 5.23m shares):

[hastings] 22/7/2022 17:04

Just fixed up a call with the CEO for next week.

[doctor888] 22/7/2022 09:56

hxxps://www.investorschronicle.co.uk/ideas/2022/07/21/riding-positive-earnings-cycles/

[rivaldo] 22/7/2022 07:44

News of a partnership with Nuvei for online gaming direct carrier billing. And interesting to see the comment about extending into Germany too.

Nuvei are NASDAQ-quoted with a $5 billion plus market cap.....



Extracts:

"Eyas Gaming extends its partnership with Nuvei
Nuvei is enabling Eyas to accept all relevant payment methods across its entire UK brand portfolio, including carrier billing

July 21, 2022 09:00 ET | Source: Nuvei

London, July 21, 2022 (GLOBE NEWSWIRE) -- Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), tomorrow’s payment platform, announces today it is extending its partnership with online gaming business Eyas Gaming, to provide the operator with a full payment solution across all its iGaming brands. Nuvei has also partnered with UK-based direct carrier billing provider Fonix to enable Eyas Gaming players to bill deposits directly to their mobile.

Building on a successful partnership that launched in October 2021, Nuvei is now enabling Eyas Gaming to accept payments via its industry-leading cashier technology across its popular gaming brands including the Merkur Slots and Merkur Casino in the UK."

"Fonix CEO Rob Weisz added: “Fonix is focused on facilitating conversion and expansion for partners through our carrier billing technology. Integrating Fonix's carrier billing solution means Nuvei can allow Eyas Gaming to turn on carrier billing with the flick of a switch. We're excited to launch our partnership to offer carrier billing to Eyas Gaming's players across the UK, with a future vision to make an impact across Germany too.”

[rivaldo] 21/7/2022 09:13

Finncap have retained their 230p target price.

They've increased their forecast for the year just ended to 8.1p EPS, and have retained their "conervative" forecast of 8.8p EPS for this year for the moment.

They forecast 6.1p and 6.6p dividends respectively. And they see an underlying net cash pile of £7.2m rising to £9m.

They summarise:

"After upgrading our FY22 and FY23 gross profit and adjusted EBITDA by +5% in January, we conservatively leave our FY23 forecasts unchanged at this point, ahead of further detail at the FY22 results. We reiterate our target price of 230p based on 20x FY23 EV/EBITDA, and at a price of 153p, Fonix is trading on 12-month forward multiples of 13x EV/EBITDA, 5% EFCF yield, and 4% dividend yield, which compares to finnCap Tech 40 peers on 12x EV/EBITDA and 4% EFCF yield.

As it continues to deliver upon its investment case by expanding with existing clients, and winning new clients from a growing UK and international pipeline, we look forward to FY22 results on 22 September, further updates on its international launches, and the announcement of new contract wins.

- Fonix’s robust investment case –

As we explained in depth in our 23 September report, Fonix is focused upon leveraging its highly scalable, cloud-based platform to expand with existing clients and win new clients as mobile commerce and mobile payments continue to scale. The structural strength of its platform is demonstrated by it experiencing no churn from major customers in six years, and it is diligently expanding its market-leading technology outside of the UK when it is led by its existing clients. The successful execution of its strategy has driven Total Payment Volume (TPV) to £259m in FY22 from £125m in FY18, adjusted EBITDA to £10.3m in FY22 from £3.3m in
FY18, and underlying EFCF to £7.3m in FY21, as management explained in more depth at the FY21 results. We conservatively forecast adjusted EBITDA growth of +8% in FY23, and we expect that any upside to our forecasts will be returned to shareholders through Fonix’s dividend payout ratio of 75% of adjusted EPS."

[rivaldo] 21/7/2022 07:29

Excellent year end trading update this morning.

In particular £10.3m EBITDA is nicely above £10.1m forecast, so should result in around 8p+ historic EPS.

The number of customers is growing well and the outlook is very confident:

"Outlook:

With high levels of repeating revenue, a strong exit run-rate for FY22, particularly in newly established international markets and a growing pipeline of client prospects across all sectors and markets, the Board continues to be confident in the growth potential for Fonix going into FY23 and beyond."

With around a 6p forecast dividend, and say 9p-10p EPS this year, FNX looks very good value at these levels imo.

[rivaldo] 01/7/2022 14:50

News - FNX to power mobile donations to the Bob Willis Fund fighting prostate cancer, with a new price point added this year:

[kennewil] 23/6/2022 15:49

Does not really explain the discount. If that desperate to hold they should be paying a premium. I hold BTW.

[hastings] 23/6/2022 13:24

Because they couldn't buy that amount in the market!

[nk104] 23/6/2022 13:15

If there's institutional demand why can't they buy shares in the market like anyone else. Why do they deserve a discount?

[lennonsalive] 23/6/2022 08:35

Institutional demand? Jeez.

[rivaldo] 23/6/2022 08:05

£10m placing by directors, shareholders and employees of shares at 150p due to "strong institutional demand".

That's a pretty small discount achieved in these markets and bears out the "strong demand" aspect of the RNS.

Never great to see such share placings, but given the rosy fundamentals and prospects I'm inclined to believe that there's genuine strong demand for shares out there, and it's not often that opportunities come up for management and employees to reap the rewards of strong performance.

[rivaldo] 06/6/2022 09:17

Cheers, appreciated as Singer's note isn't on Research Tree. Good to see more awareness of FNX and that that 195p target is "very conservative".

[doctor888] 01/6/2022 18:08

@rivaldo: 11 May. 2 articles - 9 pages and 38 pages (comparing Boku and Bango). 12-month TP 195 p (very conservative). 2023 EPS 9.0p, 2024 EPS 9.5p. My DCF comes out north of 600 p. Re repeated post, saw my reply on the phone later and thought it had not sent - now deleted.

[rivaldo] 01/6/2022 14:53

Doctor, did you see my question above about Singer (not sure why you repeated your post)?

[doctor888] 01/6/2022 14:47

repeated post

[rivaldo] 01/6/2022 14:44

Hi Doctor888. Singer do publish their research on Research Tree, but there's nothing from them there - the last note was Finncap's on 5th May. When did Singer publish, and do you have any details (target price, EPS etc)?

[doctor888] 01/6/2022 14:17

Should surpass the ATH easily. Nice writeup by Singer if you can access it. Wonder why the huge volume of over 1m shares did not generate TR1. Perhaps no threshold passed?

[rivaldo] 01/6/2022 13:13

Consistent buying still coming in, including a 5k at 178p. Nearly at those all-time highs now.