TRADING VIEW SAYS buy - EXPECT STRONG BUY tomorrow following RNS today
https://uk.tradingview.com/symbols/LSE-WJA/technicals/
4.425 - 4.75
Expect 5p+ tomorrow - in my opinion - dyor
4.366 - 4.6
up 11% today
quoting from a post of Maplinman
One of the companies I’m keenest on is Wameja. Under the skilled management of John Conoley it has made the transition to a fintech in the lucrative payments space. It has a 35.68% stake in a global platform called Homesend, which is used by Mastercard under the name ‘Mastercard Send’ as a cross-border payments platform.
This platform is used by Paypal and Bank of America, as well as dozens of other banks in a multi-trillion dollar market. Volumes are starting to ramp up as is clear from the latest set of Key Performance Indicators.
Lorne Daniel, Director of Research at house broker FinnCap, has previously written how it is has effectively been de-risked as an investment. In his latest note, published today, he writes: “We continue to see this business as hugely valuable to Mastercard. Its recent Q4 results revealed that cross-border volumes were up 16%, continuing a trend of mid-teen% growth, and representing revenue of $1.4bn (of a $4.4bn total). In an analyst call, Mastercard management said it sees double-digit cross-border growth across most of its regions. And had “good, solid, steady performance” coming out of the US. In Middle East, Africa, and Asia Pacific it continues to see solid growth. It also noted Bank of America will now use Mastercard Send – based on HomeSend
https://www.safestocks.co.uk/2020/02/28/winner-wameja-overlooked-in-market-meltdown/
Expect to see a 10% jump tomorrow, as it catches up with London
in my opinion - do your own research
(though it's best to read the whole thing)
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 business during 2020 as it continues to increase its customer base and support increased volume across the HomeSend Platform. The focus of these investments is to increase personnel across key areas of operations, customer onboarding and compliance and investments in HomeSend's network and platform to increase the resilience of the business.
An excellent RNS today
Expect these shares to fly - in my humble opinion
To return to 8p range within a reasonable time-frame - in my humble opinion
I do hope all the in-fighting has slowed down to a crawl, and than cool and calm will be the order of the day, as we continue towards some positive news on developments with our Exploitation Licence, expected still to be two months away in my humble opinion.
Would not expecand a t the share price to go much below 2p in the meantime, though it does jump around somewhat.
BUY for medium-term gains with this one.
Am still thinking 12p by year-end with oil flowing from Heron-1
The budget airline said it secured extra funds of nearly GBP2 billion to help the company deal with the grounding of its fleet in light of the Covid-19 pandemic. easyJet said it has secured roughly GBP400 million on two-term loans, secured against its aircraft assets.
Our staff and contractors are working exceptionally hard in the highly unusual circumstances that the ongoing coronavirus pandemic has generated and the company is very appreciative of their commitment and diligence. We are monitoring the situation closely and are pleased to advise that there has been no significant impact on Petro Matad's operations, whilst we focus our efforts towards securing approvals and permits for the company's near-term work programme," said CEO Mike Buck.
Shares in Petro Matad remained flat at 2.1 pence on Thursday in London.
By Dayo Laniyan; dayolaniyan@alliancenews.com
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