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Good to see July and August continuing the YoY growth and supporting the full year outlook. In the current market any sign of weakness is being punished so its reassuring to know that the company is on track, even in spite of the headwinds which the company has provided full disclosure.
Great interim results and a reasonable SP rise - still weird that there are no broker forecasts or annual targets / projections from the company - something we can see if they hit the planned milestones...
ATB - bandanaman
Interim results I believe these are the same results half year?
https://www.investegate.co.uk/fairfx-group-plc--ffx-/rns/interim-results/201809260700059308B/
Ragnar regarding your comment about transferwise do you see them as a major
threat to fffx?
Also would say say there on track to meeting there 6 month targets?
Gets the occasional positive write up in the share magazines but you're right no price target recommendation. Cenkos last published something in July after the half year trading update with 2019 pre tax profit of £16.2m implying a pretty low multiple on a MCap of £200m. As house broker they obviously have it at a buy.
My end of year SP target is 170 if they hit their targets and confirm the growth trajectory.
Took a hit from the news over the weekend that Transferwise is lowering its prices but seems to be recovering.
Seems very little chat around this share but doing just great nonetheless. Am surprised to not see a single broker rating but again seems to be doing great without. Wondering if and where to set a possible target price.
FairFX's presentation from our 11th July London growth company seminar is now available in our members area here: https://www.sharesoc.org/members-area/
Monster volume today and its still early days!
Ok that would explain the rise then. Looks like its on the up again today.
78p looks like a bargain at this point in time, you could be liking at a 100% return fairly soon at £1.60 Great stuff.
"BUY" in Friday's IC. I agree. Been in since 78p
I couldn't agree more
Its made fantastic progress since the update, if it continue and hits the end of year targets this should be near £2.00 per share
A def. buy
Don't tell anyone jsmith. Stealthy 5% rises for no reason are my favourite. With the recent SP explosion and topping up into the strength this has become my second largest holding.
The valuation is compelling, on both return on equity and P/E basis. 20%+ return on equity in 2018, 2020 P/E of single digits yet PBT expected to triple from 18-20. Outstanding operating leverage with 50% of revenue dropping to the bottom.
The industry is ripe for further consolidation, the benefits of scale in this sector and from combining platforms are just too attractive. FFX is in an ideal position to lead this.
Can this rate of growth to be maintained? The recent trading update suggest it could... and then some. FFX still has a relatively small share of a VERY big market. Every update that confirms the trend will propel this higher
SP is tick up nicely
Soaring.....
Did anyone attend the Sharesoc investor presentation yesterday? Any feedback? Thanks.
Hi mibo, try iweb. Same Lloyds platform but cheaper!
This looks like it will do extremely well.
Finally got 2.5k worth. One of the best trading statements you will see.
I think we are due a very large rise here today. This company just gets better and better !!
Cant buy? Anyone else?
Turnover* for the first half was up 146.2% year on year to £1.1 billion (2017: £434.1 million), in line with management's expectations.
These shares have trebled in the last 2 years or so. Any target could be limiting. I believe there is a lot more mileage here. I've bought mostly start-ups and sometimes sell a few shares in the event of rises with the view of holding the remaining shares as 'free'. If they drop to much I tend to sell anyway. I have in fact bought into a rising sp with the intention of a future sale to achieve this 'free' holding. I've got 3 companies with a total of some 16K as 'free'. Not going to make me rich but is very satisfying! However I am looking at 2 more which will be an extra 'free' 25k. It is most certainly a learning curve. Best of luck.
Thanks bandanaman, looks like sound advice.
I 'recently' added some �36k of these shares - mainly because I do use them and I have monitored them since their placing - rising from 42p up to �1+. They have added to their growth via purchasing additional functions - to appeal to a broader clientele (business). I think that as no dividend at the moment and possible more purchases to come - only then will the II's and Sharks get interested. Always remember that GREED IS THE ENEMY OF PROFIT Set yourself a target and sell a % at that level to return your original investment - now all that is left is pure profit without risk. OR Hold the 100% and hope that in 2 / 3 years time that this does become a T.O. target and get an additional 25% on the SP. AIMOHO - of course GLA - bandanaman
Normally like to have a target for each share holding, using various inputs e,g, Brokers Views but no real idea with FairFX. Don't have many but having bought in at sub 80, am nearly 30% up. Intend to hold (or add) but any thoughts?