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http://www.***********/archives/interview-with-ian-strafford-taylor-ceo-fairfx/
The purpose of the listing in the first place was to generate funds to spend on advertising. It will not be long before people start to become more aware of how competitive the exchange rates on offer are. They remain 1st choice on money supermarket and consumer awareness is rising with TV advertising planned soon. This has huge growth potential, few overheads, and an account can be set up in 15 seconds. There is a great management team in place that were previously Directors at Morgan stanley. One for the SIPP and should offer good short term growth also.
Sold today after results, good set but I think obviously priced in. Based on AIM I think this could now drift, we know September numbers, not a great deal will change now until next update and we are looking at increasing numbers of customer to try and increase profit. I think they will dilute further, speed up investment in marketing to get more. My aim is go elsewhere, keep on watch list see of it drifts and come back, made 49% increase on this occasion! GLA
Yeah was looking at that myself, I guess the margins they are dealing with are fractional. Their spreads on CCY transactions are minimal, hence their popularity over traditional providers such as Post Office etc. Would account for profit figures in the region of less than 2% of turnover. I guess they really need to improve on the volume of transactions
Good results but already built into the sp. confirms the current price which enables it to keep going, not sure why profit isn't higher? The turnover is quite significant against the profit.
Didnt put too much own, risk is now await results and i they request more cash may reverse, if doing very well will shoot upwards. Put some in to cover risk, then await results that's my plan so covered.
It's never too late. It had been a steady and gradual jump - Would get in there if I were you!!
Was following this from the start on the sidelines. Having used them in the previous week, they made me aware of their upcoming AIM listing. Looks like I've let 40% gain in <2 months get away
bought a few more and seems others have to. looks like a good climb here based on someone knowing something? half year update soon? increase in all areas and i think i good boost in profit. how much the AIM listing was about raising money or more about BODs being able to trade shares and really make money is the question? they have worked hard and now sold out a proportion to to us, leave this 6 months or more and it climbs they will all make very good money.
maybe this shares base was around 46 and we are now on the up. some finance/cash generating gaming companies have IPOed and never really looked back. if they demonstarte in their next figures the reciepe works then this will keep going, i have bought some but obvioulsy not enough!!
i think i am incorrect with the date for the update but there is one expected over this period as they work a standard calendared year and therefore we know progress is good. the boss has a record of taking businesses through AIM and into main market listing. i also believe they will have limited costs which are directly associated with volume that has a margin so it can be managed well. if they market well enough, get a steal on the customers before the post office, banks etc realise then this can be a very successful business. worth an investment, small amount in here but limited like everyone to funds, will increase holding over the next three months so hope it stays relatively low. gla
Record numbers travelling abroad, taken from prospective; Since the year ended December 2013, FAIRFX’s results to end of June 2014 have continued the strong growth trajectory of 2013 with all product lines expanding rapidly. The Multi-pay product lines are up 52 per cent. on the equivalent period in 2013 growing from £82 million to £125 million with the Single-pay offering increasing by 93 per cent. from £50 million to £97 million. Customer numbers are expanding rapidly also with 44,094 retail customers added year to date (to 30 June 2014), to bring the total to 362,407, compared with 26,175 in the equivalent 6 month period of 2013 for a growth rate of 68 per cent.
Got my first shares today at 46.5 and thought I would see where this goes. The recent interview by CEO claims 2014 is following on from the success in 2013, and it's obviously a huge market. So huge I have no idea what this market is worth or whether ffx are big enough now to continue this momentum and be successful. They make money, their growth is high and of course it's breaking away from traditional methods with reduced costs that the industry currently uses. I haven't used them before but now will, interesting to see how this goes.
Thanks, a few good statements. So how much will they dilute, they are profitable? Good growth figures and in. Areas which will expand. Have they grabbed enough of the market to be big?
Will this have the standard aim drift downwards whilst awaiting news? Will not buy straight away and risk that there might be some drift downwards for a period, if I miss the moment then so be, gone in too many times early before and regret.
i need to do more research but is this a growing and high margin business, are they replacing the banks. i see from their statements the they are growing but where is this coming from. world changing, people transact different and they are at the forefront?? will they need great deal more sums of cash? appreciate any thoughs.
Yep def worth a punt.......after using FFX for 6 transactions in Dec 2013. All done over the int. and post. Every transaction went very smooth. Also use them for international payements as they are cheaper than banks.
placed on watch list, think i might invest in some during the month of August, GLA