claude reins
17 Mar 2015
Re: Safecharge Mmm. Agree about excitement. SafeCharge a competitor to OPAY though?Taking customers especially in gaming sector that OPAY should be having?Would be interested in others views.
charlie51
17 Mar 2015
Safecharge More than just a solid set of results announced this morning- exciting area to be in just now:SafeCharge International Group Limited ("SafeCharge", the "Company" or the "Group"
Full Year Results Record financial results with strong momentum flowing into 2015 SafeCharge (AIM: SCH), the global provider of payments services, technologies and risk management solutions for online and mobile businesses, is pleased to announce its maiden preliminary results for the full year ended 31 December 2014. Financial highlights Revenues up 78% to US$76.9 million (2013: US$43.2 million)Gross Profit up 79% to US$44.5 million (2013: US$24.9 million)Adjusted EBITDA* up 119% to US$24.7 million (2013:US$11.3 million)Adjusted net profit* up 122% to US$21.3 million (2013: US$9.6 million)Cash flows from operations US$20.8 million (2013:US$10.8 million)Reported profit after tax US$14.4 million (2013: loss US$1.3 million)Cash balances at year end of US$146.5 million (2013: US$11.8 million)Recommended final dividend of 5.28 US$ cents per share, giving total 2014 dividend of 8.16 US$ cents per share *Adjusted EBITDA and Adjusted net profit are calculated after adding back certain non-cash charges and cash expenses relating to professional costs incurred in respect of the Company's Initial Public Offering and terminated projects, acquisition costs, goodwill impairment and share-based payments charge (See Consolidated Statement of Comprehensive Income). Current trading The strong trading and momentum generated by the Group's core business in the last quarter of 2014 has continued into 2015 with January and February proving to be very strong months. Operational highlights Successful, oversubscribed IPO in April 2014 raising US$125 million before expenses Attained Principal Membership of VISA Europe Granted approval for Issuing Activity by MasterCard Europe Achieved authorisation as an Electronic Money Institute Signed 250 new customers (2013: 185) Launch of significant new customers, including Sports Betting operator Ladbrokes, Game developers JoyFun and Gaijin as well as FX brokerages Finsa and FXDD Successful launch of an innovative automated onboarding solution Winner of Payments Company of the Year at the eGaming Review B2B Awards Completed acquisitions of 3V Transaction Services Limited and CreditGuard Limited after the year end. Roger Withers, Chairman of SafeCharge, said: "It is a privilege to present such an outstanding set of results in our first year as a public company. I congratulate David Avgi and the whole of the SafeCharge team, for an excellent performance during a landmark period for the group. We entered the year trading strongly with financial strength to pursue our stated M&A strategy." David Avgi, CEO of SafeCharge, said: "After a transformational year of progress, December saw record monthly revenues and earnings. This momentum has continued into the first three months of 2015 and we have enjoyed very strong trading. In 2015, we will continue to develop our technology and products and grow the business into new market and industries, enabling us to benefit from operational leverage." Recommended final dividend Subject to shareholder approval of the final dividend at the Annual General Meeting, to be held on 19 May 2015, the dividend will be payable on 26 May 2015 to those shareholders on the Company's register as at the record date of 8 May 2015. The ex-dividend date is 7 May 2015. In order to facilitate simpler settlement, shareholders will be paid their dividends in sterling. The dividend will therefore be subject to a conversion exchange rate from US dollars based on a GBP/USD rate of 1.48, being the rate at 4.30pm on 16th March. As a result those shareholders entitled to the final dividend will receive 3.57 pence per share.
wokwok wokwok
11 Mar 2015
Fantistic upgrades - in 8.5 months ,forecast up 41% There is high confidence in Optimal’s earnings and share performance. Sincethe transaction at the end of March, trading has been ahead of Optimal’s and themarket’s expectations and the company announced a highly accretiveacquisition. Over the last eight and a half months, we have upgraded 2014 EPSby 36% and 2015 EPS by 41% over three earnings upgrades. (See overleaf.)•
janebolacha
11 Mar 2015
From "Motley Fool" [link]
wokwok wokwok
09 Mar 2015
Very exciting must read Very exciting read from this months scsw, Optimal Payments - Meeting notes (Sharewatch) The shares have made some headway following investor meetings in London by chief executive Joel Leonoff last month. We also took up the opportunity to meet with him and some of our key notes are below:As Leonoff notes the company plans to complete further M&A and to quote verbatim, “double the present ebitda in the short to medium term from the expected US$110m run rate in 2015.” There’s also a plan to transfer from AIM to the Full List to attract new institutional investors and as part of this course, the finance director was “upgraded” in January (ex-Telecity) and it is hoped that “the move will be announced simultaneously with an acquisition on the STP side.” As always timing of acquisitions is hard to pin down but “one could come by the end of Q2.”The article is much longer but for copyright reasons im not posting the whole of it[link]
wokwok wokwok
08 Mar 2015
Results in 15 days time - Broker target £7 £7 here we comedyor imh
wokwok wokwok
07 Mar 2015
i think this is going up monday, great scsw update today [link]
jh2704
06 Mar 2015
Re: Whats driving this annual results due mar 23rd...pre-announced 2 weeks ago as being good
KEEPING CALM MIKE
06 Mar 2015
Whats driving this Ticking up well of late and up 20p today , whats driving this, any one any views ?
janebolacha
02 Mar 2015
A cautionary note for 2015 results Gambling revenues in Macau have been badly affected by the Chinese Government's crackdowns on money-laundering and corruption. Gambling revenues there during the recent CNY were down by 53.5% from 2014:[link] I know that the two acquisitions made last year have contributed to reduce, as a percentage of total revenues, OPAY's dependence on its biggest customer in the Far East. The company has announced that that merchant now accounts for 25% of revenues as opposed to 41% the previous year, a way of expressing it which actually reveals, I think, a fall of about $12m in revenues from that customer in 2014, something not expressly revealed by OPAY:2013: 41% of revenues of $253m = $103m2014: 25% of estimated revenues of $364m = $91m.An important question is what the likely further fall will be in 2015.Now the two acquisitions and the reduced tax charge and the tax losses brought forward will undoubtedly produce a higher nett profit for 2014 but, imo, the results wil need to be carefully scrutinised to understand exactly what are the prospects for 2015.I am a holder but a wary and cautious one.
gretel
02 Feb 2015
More M&A to come? The share price is extremely undervalued imo on current activities, let alone allowing for any growth at all in US gaming - but OPAY are preparing for massive growth in that area anyway per this coverage. And note the emphasis on further M&A...[link] "Operator Talk: Optimal Payments targets US expansion Friday, January 30, 2015ƒU Posted by Totally gaming Despite the ongoing uncertainty over the future of the US online gaming market, senior executives at Optimal Payments have told TotallyGaming.com that the company is hoping for wider regulation of such activities in order to expand its presence in the country.etc"
wokwok wokwok
26 Jan 2015
£7 target results weeks away, in March. we are soon in February...nice
pendil
15 Jan 2015
Re: Disappointing RNS Agree with you both Willow and Claude. Unless the market expectation was for revenues or EBITDA ahead of market expectations, the market reaction seems churlish. A low tax rate is not to be sniffed at. Assuming the structure is robust then the low tax rate should continue, and that means higher EPS and higher cash.This was Edison Research's take: (it's paid for research of course but I have found Edison to be pretty fair and certainly factually accurate)"Optimal is trading at a discount to peers on an EV/EBITDA (2015e 7.6x vs average 10.2x) and P/E basis (2015e 12.1x vs average 17.2x), despite higher than average revenue and earnings growth. The discount to Optimal’s closest peer, Wirecard (FY15e EV/EBITDA 19.0x, P/E 30.8x), is even larger. In our view, yesterday’s share price reaction appears overdone – further detail on revenue and EBITDA progress from the US acquisitions should provide additional confidence in the company’s growth prospects. Although the trading update did not lead to upgrades, it does confirm that there are organic growth drivers (existing customer base, US online gambling, principal membership of Visa/MasterCard) plus increased access to the US STP market via recent acquisitions, to take momentum forward in FY15."
claude reins
15 Jan 2015
Re: Disappointing RNS Agree with you Willow. I really dont know why OPAY SP went up this morning and then significantly down this pm, other than the market tanked on mineral share disappointment.Maybe there is still some hang around about the CEO and his 'lending shares' back in April 14. Maybe not. Trust takes a long time to rebuild. Certainly a very strong hold for me. Maybe add at these prices.
Willow67
14 Jan 2015
Re: Disappointing RNS The content and disclosure of this RNS is entirely consistent with last years, so if you were expecting more at this stage, you were expecting too much. The y/e accounts will of course show much more of the direct business comparisons and the most important thing for me, the cash generation.On organic growth. Meritus and GMA had combined revenues of $82m in 2013, so assuming 25% growth and 5 months contribution to these numbers, that's $42m, leaving sales growth of $60m in the old OPAY, or 25% - that's below previous years but still very healthy. You can't expect them to grow at 30-35% organically forever.They said in November revenues from the largest customer in Asia were annualising at only 25% of total, down from the 40's. Organic revenues for Opay were +25% yoy but revenues from their largest market by your admission were down significantly in the same year, making their results especially creditable.I think this is excellent performance. They will grow further this year organically and make another acquisition most likely this year or next, again without using significant equity. The forward PER is around 12 with a PEG of 0.6. I remain very optimistic.
