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Thanks for that link Ian.B
Those cards carry some hefty somes of cash esp. the corporate card - WOW
Emex was sold to John Botros for £2mil . Its now used for non conforming clients - seedy world i think, gambling porn etc. Although the agreement means SJH still get the income.
The payment processing platforms ate now done through market access and Another. See links
Found some interesting reads (in house material)
wouldnt suit SJH model*
heads tired and a few too many gins lol.
some of the useful uses i can think of;
-bad credit rating
-holiday topup cards
-replacing gift cards. why send a gift card only to be spent in one shop. load up the card for somones birthday and spend anywhere whatever you like
- prepaid cards for kids apps/games. the ones where you buy coins and add ons whatever the game involves. without running up huge bills for parents credit/debit cards.
pocket money for school so the kids dont get robed or loose money at shool. simply load it up every week for their lunch or sweets allowance or whatever the young pups spend their money on nowadays lol
-under aged kids who parents what them to learn the value of money but not old enough to open a bank account with debit account functions.
i understand that a few of these would be one off kind of gifts which would suit SJH's model for monthly subscriptions or revnue but def ideas on uses out there
p.s. Sorry for the typo's (so much work to do "working fast")
Check out the bottom of their website "pricing" their premium account £7 per month
Hi there again,
Ian.B, I will apologise on my recent view with regards to who the cards would appeal too. I stumbled upon this adverrt whilst looking at news on MSN
I can now fully understand the appeal the cards would have for Company and its staff . The old way was/ is reasonably unfair when a comapny expects employees to paid for items and claim back via monthly expences etc.. The pre-paid cards ofter that level of fairness for both parties.
(the link below is for a pre-paid card [not ours sad to say], but give great insight)
cheers ian. i have to be honest i know very little of SJH and only caught my attention after big move on RNS day. have been waiting for the retrace qhich has now happened and looking for an entry level. going to read up on them over the weekend. judging on last rns then good value at current sp in my eyes.
Hi scotlouie market access part of SJH mate. As is ANOTHER.
Times move quickly Mitch, did you read the link? Companies issuing them to employees for expenses, parents to kids for spends... etc. But i appreciate what your saying. I wouldn’t need one as i use my debit card but i think now its more than just those who cant get a bank card.
It’s Friday normally a selling day and it seems the selling has dried up and the sp has stayed roughly 40 % above where it was before the contract announcement and the mcap is now Only just over £1mil - £1.2m I think
The rise was largely very short term traders and a few piggy backing. Who have all sold now, the early ones got a profit, the late ones sold at a loss.
This company does not have a good record on past delivery of potential lucrative schemes thats a fact. A few years ago they were doing well and were clearing £600k net profit before regulation changes and some mud slinging by share prophets.
There have been a couple of false dawns, casino cash and large value transactions. Casino cash machines didn't come through, legal regs i think... LVT I’m unsure if it was held up by Legislation changes and can still happen - they jettisoned Emex as it was largely unregulated clients. Now they have a more regulated payments processing business but smaller margins.
The card scheme is clearly happening as you can see on the link too ANOTHER website. It remains to be seen how successful it is. Potential is there to make multiples of 2018 revenue. Once (if) they prove it up i think fresh investors will come in. (I try to be balanced dont want to Bamboozle the gullible as suggested by some one who i dont know)
Have a nice weekend.
From zero to potential 100,000 new prepaid cards at mim £3 per month per card by end of 2019
Hello again Ian.B
When mentioning the pre-paid cards yesterday, I was speaking through experience. Many many years ago I had very bad credit rating and I wouldn't have been surprised if I had a Credit rating at all. I had a pre-paid card and paid a monthly charge. I used the card for a few months because all I needed it for was to buy online, I used my debit card for on-land purchases. The only other reason I may have needed a pre-paid card would have been for travel reasons.
Look to yourself, and ask yourself why would I (Ian.B) need a pre-paid card? When you have debit or credit card in your pocket.
Pre-paid cards "do not " offer a line of credit as they are "pre-paid" so they only offer an option of use. Most people these days via government ruling are allowed the basic bank account all of which come with a debit card, which also don't come with a line of credit so debit card holder will often get refused say at the shop checkout if trying to pay for goods if monies are not available on their account.
Companies can dress the card up to shine like a diamond but reality is the market is limited and as mentioned before mainly for those with poor credit or traveling. If you travel for 3 weeks then you have a mode of payment, why would you need the card at a monthly charge for the rest of the year after you return from your travels? I personally would if in that situation ditch the card until my next travel abroad (if I didn't have credit card)
I cant understand wht a company would pay your wages onto this card when you could have a bank account with debit card.
I have share in the company so hope we ALL do well. "All in my humble opinion" GLA
my mistake its acutally through them, i reread the RNS. silly me!!
i see the market access card is a subsidiary of SJH. so how does this one compare to the catds SJH will be releasing?
From zero to potential 100,000 new prepaid cards at mim £3 per month per card by end of 2019.
H1 results and trading update when all aspects of the business should have kicked in and growth achieved ,due before the end of October will really be the Game Changer. IMHO Every opportunity at around 40p I will be topping Up . Over the last 3/4 years never really been confident which way to tread but definitely only one way now and that’s up. Only wish I had now the millions I held before consolidation GLA
Another cards - The Prepaid Card is issued by CashFlows Europe Ltd., pursuant to license by Mastercard International. Mastercard is a registered trademark of Mastercard International Incorporated.
CashFlows Europe Ltd. is authorised by the Financial Conduct Authority under the Electronic Money Regulations 2011 for the issuing of electronic money and the provision of payment services (FCA Register reference 900006).
Mitch, i believe this is actually a growing market and not just for those with poor credit.
This is worth a read
spacetec, apols - I'd intended to thank you for the FT link, but got distracted.
It's very good to see that ultra-low f/f number.
It's only Tom Winni having a go in at a business he never much cared for, right from BOX times.
It has material uncertainty over going concern and is a serial loss maker.
It is a risky punt at best.
SJH is totally under valued at £1m