Stockopedia comments Paul Scott - FNX24 Sep 2024 12:57
Paul’s opinion - this is a lovely business, with sticky revenues generating good margins and plenty of free cashflow. It hasn’t put a foot wrong since listing. I’m impressed at the continuing growth, and entering a new market, Portugal, sounds intriguing. It would be interesting to hear from management as to why they’re going into Portugal? Presumably each country has its own incumbent competition? Maybe FNX can win business by offering better features?
This strikes me as the type of share that you could just buy and forget, enjoying a steady stream of growing divis, and in say 5 years’ time the shares would probably be usefully higher. Who knows though, I wonder what direction technology might take this in future? Are there any potential risks on the horizon? The main short term risk would be a catastrophic meltdown in its IT, say if hackers went for it & got through, because it only has a short window of time to take in large amounts of viewer calls.
If brokers would float more things like Fonix, then AIM would be a much healthier market!
(Just the summary as too large to print the whole thing)
https://app.stockopedia.com/content/small-cap-value-report-tue-24-sept-2024-placeholder-1008950?order=createdAt&sort=desc&mode=threaded