Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
4.55 - 4.569
Very narrow spread currently - an interesting development.
Expect 5p+ to be reached on Monday - imho
Wameja (LSE: WJA.L & ASX: WJA.AX), a joint venture partner with Mastercard in the HomeSend global payment hub, advises that it has today agreed to acquire a further €3,568,235 of shares in HomeSend SCRL with the capital to be used to support the HomeSend 2020 business plan. The equity contribution is in proportion to Mastercard’s contribution (aggregate amount of €10,000,000) and maintains Wameja’s interest in the HomeSend JV at 35.68%.
Q1 2020 KPI Update
Wameja is pleased to provide the following update on the performance of HomeSend to 31 March 2020.
KPI Q1 2020 Previous Quarter Q4 2019 Average Transaction Value 30% increase over prior quarter 6% increase over prior quarter Gross Value Flows across HomeSend platform 33.8% increase over prior quarter 1.9% increase over prior quarter Payments terminating to a bank account on the HomeSend network as a percentage of Gross Value Flows 65% 55% Key Destination Markets* Covered 68 68 *Key Destination Markets are markets in which HomeSend has a ubiquitous reach through banking partners.
Capital Contribution
HomeSend continues to see growth across its business as volumes increase from existing customers and as new customers join the platform. This growth is evidenced by the 33.8% increase in gross value flows in the first quarter of 2020 compared to Q4 2019. Onboarding activity remains strong with HomeSend currently having 18 active bank and money transfer operator implementations underway. These current implementations are expected to increase gross value flows across HomeSend’s platforms over the coming months. Impacts of volumes based on the global impact of the COVID-19 situation, and the speed at which customer implementations will occur are being monitored. The capital contribution is to support the operating losses of the entity and resulting required minimal capitalization, and working capital requirements of the HomeSend
4.5 - 4.67
quiet here today
Wameja Ltd. engages in the provision of telecommunications software solutions. It offers mobile financial services, wallet and commerce; analytics; recharge, promotions and agent management to telcos and financial institutions. It also provides cross border money transfer...
23, Hickson Road
Sydney New South Wales (NSW) 2000
Australia
Am not sure what that means - will have to research
current SP 4.52 - 4.7
Major Shareholders
Wameja has 1,210,850,662 ordinary and convertible shares in issue on the Australian Securities Exchange. AIM Securities are held in Depository Interest accounts via ComputerShare Clearing.
So far as is known to the Company, as at 25 July 2019 the only persons who, directly or indirectly, were interested in 3% or more of the Company’s share capital were:
Shareholder (% of issued share capital)
Lombard Odier Investment Managers (23.45%)
Legal & General Investment Management (13.19%)
Canaccord Genuity Wealth Management (12.15%)
M&G Investment Management (9.96%)
First State Investments (5.06%)
Individuals (3.02%)
4.52 - 4.74
https://www.hl.co.uk/shares/shares-search-results/w/wameja-ltd-npv-di
https://markets.ft.com/data/equities/tearsheet/summary?s=WJA:LSE
Loss was down 33% from previous year-end.
No mention of when profits will accrue.
https://markets.ft.com/data/announce/detail?dockey=1323-14442018-4227N59AJMH3C1K0RJ63JL7HHJ
Closed today 14.8% higher
buys over sells 2505k to 711k
Trading View = BUY
Mongolia Investing Nearly $1 Billion To Develop Downstream CapabilitiesOilPrice.comIn addition to saving as much as $1 billion a year in import costs, the new refinery could help boost Mongolia's GDP by 10 percent, according to statements from the Cabinet. Initial projections put the facility's turnover at $1.2 billion per year, with ...and more
http://mongolia.mynews.club/news/mongolia-investing-nearly-1-billion-to-develop-downstream-capabilities.html
Your posts of informative details of current Mongolian issues come highly recommended - much appreciated new material for us SP who appear to be hidden from relevant information.
Yes - it is definitely of vital interest - as we await the governments decisions.
Sorry for the late response to GKahn post of 5 February 2020.
I would hope that by the time the Mongolian Oil Refinery is up
and running that Petro Matad will be a major contributor.
Speaking hyper-optimistically as a long Term shareholder .
(Refinery it seems is still a good 3 years from completion
by which time hopefully MATD is a major contributor)