Member Info for HorisM

And enquires from:

Symphony Technology Group

Francisco Partners

Philip Dudderidge Share holding.

Number of Shares: 19,266,000

% of Issued Share Capital: 32.84%

Phil only needs 2 of the other large holders to agree to a sell to push this through:

Canaccord Genuity Wealth Mgt (London)

Charles Stanley (London)

Liontrust Asset Mgt (London)

Also its the history of the Chairman & Founder, Phil Dudderidge, looks like he is on for the double:

"He set up RSD Systems Ltd ..... This evolved into Soundcraft Electronics Ltd, a company specialising in live and studio mixing consoles, which was sold to Harman International Inc in 1988"

;)

They recently acquired FLUX Software Engineering, and apparently Focusrite is of consideration

Q4 is always the biggest time for digital marketing, which means a great revenue period.

However, looking at this, could there be a potential for a takeover while the price is low.

Showing as buys on yahoo finance.

15-Nov-23 10:54:15 455.00 450,424 Unknown* 450.00 460.00 2m O

15-Nov-23 10:53:55 455.00 460,000 Unknown* 450.00 460.00 2m O

Nice buys:

15-Nov-23 09:40:11 450.00 50,000 Buy* 440.00 450.00 225.00k O

15-Nov-23 09:32:38 450.00 5,000 Buy* 440.00 450.00 22.50k O

15-Nov-23 09:31:57 450.00 5,000 Buy* 440.00 450.00 22.50k O

Confirmation from Oliver Brown at RC Brown’s what he spoke with Cab and they confirmed 30-35% GROWTH!

The company is on track to make profit this year, and new clients are activating.

Money is always flowing and cab are central to this.

Looking good, all the juice has been squeezed and solid bottom formed.

expect the buys to start loading now before the price starts to move north again.

The bounce back would indicate a sell of shares bought in the 40-50 range.

Which could mean a big buying in the back ground that is able to afford a bundle of 1.5m shares.

as others have said will find out with a RNS TR1 statement

if it is FMR finally going then that does a nice job of clearing their overhang.

· Adjusted EBITDA1 £39.9 million (H1 '22: £14.3 million)

So looking at circa £80m Total Year 23.

And they have 74 new clients coming online.

Plus EMPower Payments Gateway transactions increased from 9k to 41k, now serving 72 countries.

So looking towards a EBITDA of £120 to £200m in 2024 based on growth trends and new client volumes.

Puts the MCAP in the £1.5b to £2b range.

So looking at 500(ish) to 600(ish) a share.

Nigeria's fx reserves fell to $3bn as they are playing hard ball to get a better deal on margins.

however low reserves can cause rapid inflation.

Population growth from 120m in 2000 to 220m in 2020, Nigeria has a lot of mouths to feed.

Nigeria should sign a 10 year contract with Cab at a medium interest rate, this provides them security and a safe platform to regulate the market, and locks in a low cost to Nigeria to hedge current high interest rates.

Company expecting 17% growth YoY.

74 new clients coming online at the moment.

According to estimates, presently, Africa has about 1.3 million forex traders in total, with Nigeria and South Africa, the continent’s two largest economies, accounting for about 390,000.

According to BusinessTech, a top business news site in South Africa, South Africa’s forex trading volumes including CFDs and spot trading totalled about $2.21 billion per day with a total daily foreign exchange volume of $20.37 billion for all FX instruments in 2019.

Although estimates say Nigeria has 10,000 forex traders more than South Africa, Nigeria with about $315m in daily FX trading volume is greatly behind South Africa.

Kenya in East Africa comes in third place as the largest online forex industry in Africa with its 50,000 active forex traders. Its daily averages for FX volume are estimated to be about $192 million.

In Zimbabwe, there is an estimated 45,000 retail forex traders. Young people in the East African country are turning to the forex industry to make a living as the country’s unemployment rates climb amidst hyperinflation and an unstable domestic currency.

Share price consolidated, once it breaks over 75 this will rally up into the 80-90 region for next level of consolidation.

Cameroon the new foreign secretary, expect a lot of funds to start moving and work to open Africa to economic growth.

Suspect that there will be a clearing this share today of profit takers.

so if this ends at 60 that would be reasonable.

looks a bit too spikey yesterday and this morning, best let the sellers get out.

Writer and actors strike and the increase in debt caused the problem.

However on the positives:

Writer and Actor strike finished and Hollywood is desperate to make tons of movies/tv

Videndum sold Lightstream, Rainmaker and API.stream to Xsolla, so nice cash injection

New chairman, give direction and connections to industries.

Restructuring reduced cost base helped to mitigate the decline in revenue.

And another:

09-Nov-23 16:26:46 311.00 100,000 Sell* 309.50 320.50 311.00k O