Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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2017 was a year of consolidation as already known, with adjusted EBITDA today at the higher end of expectations. Lovely 16.89c dividend. And SCH's cash pile has increased to $108m. Most importantly, the outlook for this year is excellent: "Building on the record revenues and transaction processing volumes achieved in Q4 2017, the Group has made an excellent start to 2018 with a strong sales pipeline in both existing and new verticals. Transaction volumes continue to grow with volume exceeding US$ 1 billion for the first time in December 2017 and with very strong growth in the value of transactions processed through SafeCharge Acquiring." And: "The Directors look forward with confidence to 2018 and beyond. The Board is issuing guidance for 2018 with revenues expected to be in the range of US$125m to US$130m, and Adjusted EBITDA1 between US$36m and US$38m. This will be driven by continued growth from our existing client base and new customers due to start processing in 2018."
Nice write-up on the results: Https://www.fool.co.uk/investing/2018/03/14/two-5-dividend-stocks-you-may-not-have-spotted/ "Safecharge �450m market cap SafeCharge International Group (LSE: SCH) is a UK-based payment services provider. The company provides these services to a blue-chip client base all around the world, with its proprietary payment platform connecting directly to all major card schemes including Visa, MasterCard and American Express. Reporting full-year numbers for 2017 this morning, the company revealed that it processed 174m transactions last year, a 38% increase on 2016. This pushed revenues up a healthy 7% to $111.7m, although diluted earnings per share fell 9% to 15.8 cents on the back of larger employee-related and restructuring costs. Turning to the dividend, SafeCharge operates a policy whereby it pays out 75% of adjusted EBITDA, as long as there is no material M&A activity. As a result, the company has this morning announced a full-year payout of 16.9 cents per share, a yield of 4% at the current share price. That now marks three consecutive dividend increases since the firm paid its first distribution in 2014. In this time, the payout has grown over 100%. Can investors expect more dividend growth going forward? As it stands, City analysts currently forecast a payout of 21 cents per share for 2018. At today�s share price, that equates to a yield of 5%. However, analysts� forecasts can be a little inaccurate sometimes, so I�d approach that estimate with an element of caution. For example, today�s 16.9 cent dividend is around 11% below what analysts had pencilled in for 2017. Nonetheless, with CEO David Avgi commenting this morning that �we remain confident that our focus on higher quality revenues driven by a healthy sales pipeline will yield profitable revenue growth in 2018 and beyond,� the outlook here does look positive, in my view."