No -they should be privy too more information than any other investor. Having said that they have been invested here from the outset and their relationship with the company will be close along with their understanding of it. If they were 'inside' to anything then they are not allowed to deal in it. Supposedly.
Looks good to me - and certainly not paying too much. Quite. amused response with the SP. Maybe Crystal Amber selling some more into the news? It will be a real positive once they have pushed off altogether.
My picks for 2018
For 2018 I have added the following to my AIM portfolio:
FairFX Group (FFX +
), a payment, foreign exchange company with a strong prepaid card business through cloud enabled banking platforms, now launching a multi currency bank account with a focus on the business sector. Turnover of £1.1 billion in 2017, an increase of 39% on 2016 and profits for the year are expected to beat market expectations. With forecast profits for 2018 giving a price-earnings (PE) ratio of 14, reducing to nine in 2019 for a 0.2 price-earnings to growth ratio, the shares look good value. The acquisition and growth aspirations could be very rewarding.
Strong Growth with turnover exceeding GBP1 billion
FairFX, the e-banking and international payments group, is pleased to provide the market with a trading update for the year ended 31(st) December 2017 ("FY17").
Full year turnover for the Group was in excess of GBP1.1 billion, an increase of 39% on the prior year (2016: GBP798 million) and in line with management expectations.
On an organic basis, excluding the effects of the CardOne Banking ("CardOne") acquisition, which completed in August 2017, Group turnover was up 17.3% at GBP936 million. Underlying growth in turnover (excluding the effects of lower margin business for Leicester City FC) was up 27% for the year. As a result of this strong performance, the Group expects revenues and profits to be ahead of market expectations for FY17.
Growth was driven by the Group's continued focus on its core products of International Payments (up 19.5%) and Prepaid Cards (up 18.0%). In keeping with the Group's stated strategic objective of growing the Corporate segment of the business, usage of the Company's corporate card platform rose by 61.9% compared to 2016. Furthermore, during FY17, 68,136 new UK domiciled retail customers were acquired, bringing the total to 701,206.
The integration of CardOne into the Group has been successful and the planned synergies have been realised during 2017 with more expected to follow in 2018. As a result of the CardOne transaction, there will be further focus on optimising the combined marketing spend. The appointment of Ben Wynn as Chief Product and Marketing Officer means the Group is now well placed to refine an integrated marketing strategy for 2018 and beyond.
The Company's focus in 2018 will be based on the two core themes of rapid product innovation and extracting increasing economies of scale.
On the product innovation side, a key focus in 2018 will be on rolling out new products in Banking by building upon the technology acquired as part of the CardOne transaction. In this regard, the Group will be rolling out the Fair Everywhere multi-currency bank account product in the first quarter of 2018 with a focus on the business sector and more specifically, SME's. In addition, the Group has development pipelines for the corporate expenses platform and the retail FX card offerings. All product roll-outs will be accompanied by an integrated marketing strategy across both digital and traditional channels.
Regarding the realisation of economies of scale, as previously announced, the Group will be using its Mastercard membership to enable it to issue its own cards and has a number of initiatives in progress to rationalise its supply chain and minimise costs.
FairFX CEO, Ian Strafford-Taylor, commented:
"The performance and evolution of FairFX during 2017 gives us great confidence for the prospects for 2018 and beyond. The Company grew consistently through the year and did not miss a step through the acquisition of CardOne Banking, which is testament to the management depth we now possess. We have a clear roadmap internally to achieve our 2018 goals, which will see the business continue its growth, further broaden the product offering and improve margins."
This announcement contains inside information.
FairFX Group plc
Ian Strafford-Taylor, CEO +44 (0) 20 7778 9308
Cenkos Securities plc
Max Hartley/Callum Davidson +44 (0) 20 7397 8900
Charles Goodwin +44 (0) 7747 788 221
Katie Bairsto +44 (0) 7946 424 651
Abena Affum +44 (0) 7555 159 808
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
Still holding above 75. Needs something to push it and create some distance from the 2014 high http://invst.ly/5m76z
Hope this is helpful. It's just my opinion based on what I think the chart is suggesting. This is always a balance of probabilities so my opinion can be wrong and other analysts may have differing views.
Important message from the Financial Conduct Authority:
Posting inside information that is not public knowledge, or information that is false or misleading, may constitute market abuse.
This could lead to an unlimited fine and up to seven years in prison.
If you have any information, concerns or queries about market abuse, click here.
The content of the messages posted represents the opinions of the author, and does not represent the opinions of Interactive Investor Trading Limited or its affiliates and has not been approved or issued by Interactive Investor Trading Limited.
You should be aware that the other participants of the above discussion group are strangers to you and may make statements which may be misleading, deceptive or wrong.
Please remember that the value of investments or income from them may go down as well as up and that the past performance of an investment is not a guide to its performance in the future.
The discussion boards on this site are intended to be an information sharing forum and is not intended to address your particular requirements.
Whilst information provided on them can help with your investment research you need to consider carefully whether you should make (or refraining from making) investment or other decisions based on what you see without doing further research on investments you are interested in.
Participating in this forum cannot be a substitute for obtaining advice from an appropriate expert independent adviser who takes into account your circumstances and specific investment needs in selected investments that are appropriate for you.