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Looking at the share chart - technical say
oscillators = buy
moving average = strong buy
and summary says strong buy.
Pretty strong indication of a good week
ahead for WJA shares
FinnCap reissued their corporate rating on shares of Wameja (LON:WJA) in a research note published on Monday morning, ThisIsMoney.Co.Uk reports.
Shares of WJA opened at GBX 4.57 ($0.06) on Monday. Wameja has a 1 year low of GBX 2 ($0.03) and a 1 year high of GBX 7.87 ($0.10). The stock has a 50-day simple moving average of GBX 3.66 and a 200-day simple moving average of GBX 5.29.
https://www.thestockobserver.com/2020/04/24/wameja-lonwja-stock-rating-reaffirmed-by-finncap.html
Technical Analysis today = strong buy
https://uk.tradingview.com/symbols/LSE-WJA/technicals/
Last trades were @ 5p
Loss has been diminishing - hopefully profit soon
4.9 - 5.0
cumulative 500,000 shares bought around 4pm
Looking forward to see 6p by first May - imho dyor
Late move here. I'm not holding but that last RNS really was interesting. Now or never for Homesend to turn a profit.
4.55 - 4.785
Moving up now on the Ask
4.55 - 4.569
Very narrow spread currently - an interesting development.
Expect 5p+ to be reached on Monday - imho
Wameja (LSE: WJA.L & ASX: WJA.AX), a joint venture partner with Mastercard in the HomeSend global payment hub, advises that it has today agreed to acquire a further €3,568,235 of shares in HomeSend SCRL with the capital to be used to support the HomeSend 2020 business plan. The equity contribution is in proportion to Mastercard’s contribution (aggregate amount of €10,000,000) and maintains Wameja’s interest in the HomeSend JV at 35.68%.
Q1 2020 KPI Update
Wameja is pleased to provide the following update on the performance of HomeSend to 31 March 2020.
KPI Q1 2020 Previous Quarter Q4 2019 Average Transaction Value 30% increase over prior quarter 6% increase over prior quarter Gross Value Flows across HomeSend platform 33.8% increase over prior quarter 1.9% increase over prior quarter Payments terminating to a bank account on the HomeSend network as a percentage of Gross Value Flows 65% 55% Key Destination Markets* Covered 68 68 *Key Destination Markets are markets in which HomeSend has a ubiquitous reach through banking partners.
Capital Contribution
HomeSend continues to see growth across its business as volumes increase from existing customers and as new customers join the platform. This growth is evidenced by the 33.8% increase in gross value flows in the first quarter of 2020 compared to Q4 2019. Onboarding activity remains strong with HomeSend currently having 18 active bank and money transfer operator implementations underway. These current implementations are expected to increase gross value flows across HomeSend’s platforms over the coming months. Impacts of volumes based on the global impact of the COVID-19 situation, and the speed at which customer implementations will occur are being monitored. The capital contribution is to support the operating losses of the entity and resulting required minimal capitalization, and working capital requirements of the HomeSend
4.5 - 4.67
quiet here today
Wameja Ltd. engages in the provision of telecommunications software solutions. It offers mobile financial services, wallet and commerce; analytics; recharge, promotions and agent management to telcos and financial institutions. It also provides cross border money transfer...
23, Hickson Road
Sydney New South Wales (NSW) 2000
Australia
Am not sure what that means - will have to research
current SP 4.52 - 4.7
Interesting to read that Homesend will "have time to look for third party funding".
What does that mean?! Surely Mastercard will just take it over. I assume their own debt facility has been drawn fully like wameja's.
Major Shareholders
Wameja has 1,210,850,662 ordinary and convertible shares in issue on the Australian Securities Exchange. AIM Securities are held in Depository Interest accounts via ComputerShare Clearing.
So far as is known to the Company, as at 25 July 2019 the only persons who, directly or indirectly, were interested in 3% or more of the Company’s share capital were:
Shareholder (% of issued share capital)
Lombard Odier Investment Managers (23.45%)
Legal & General Investment Management (13.19%)
Canaccord Genuity Wealth Management (12.15%)
M&G Investment Management (9.96%)
First State Investments (5.06%)
Individuals (3.02%)
4.52 - 4.74
https://www.hl.co.uk/shares/shares-search-results/w/wameja-ltd-npv-di
https://markets.ft.com/data/equities/tearsheet/summary?s=WJA:LSE
Loss was down 33% from previous year-end.
No mention of when profits will accrue.
https://markets.ft.com/data/announce/detail?dockey=1323-14442018-4227N59AJMH3C1K0RJ63JL7HHJ
Still running at a loss though. Thoughts?
Closed today 14.8% higher
buys over sells 2505k to 711k
Trading View = BUY
TRADING VIEW SAYS buy - EXPECT STRONG BUY tomorrow following RNS today
https://uk.tradingview.com/symbols/LSE-WJA/technicals/
4.425 - 4.75
Expect 5p+ tomorrow - in my opinion - dyor
4.366 - 4.6
up 11% today
quoting from a post of Maplinman
One of the companies I’m keenest on is Wameja. Under the skilled management of John Conoley it has made the transition to a fintech in the lucrative payments space. It has a 35.68% stake in a global platform called Homesend, which is used by Mastercard under the name ‘Mastercard Send’ as a cross-border payments platform.
This platform is used by Paypal and Bank of America, as well as dozens of other banks in a multi-trillion dollar market. Volumes are starting to ramp up as is clear from the latest set of Key Performance Indicators.
Lorne Daniel, Director of Research at house broker FinnCap, has previously written how it is has effectively been de-risked as an investment. In his latest note, published today, he writes: “We continue to see this business as hugely valuable to Mastercard. Its recent Q4 results revealed that cross-border volumes were up 16%, continuing a trend of mid-teen% growth, and representing revenue of $1.4bn (of a $4.4bn total). In an analyst call, Mastercard management said it sees double-digit cross-border growth across most of its regions. And had “good, solid, steady performance” coming out of the US. In Middle East, Africa, and Asia Pacific it continues to see solid growth. It also noted Bank of America will now use Mastercard Send – based on HomeSend
https://www.safestocks.co.uk/2020/02/28/winner-wameja-overlooked-in-market-meltdown/