12th March 2021
Well, this little group’s shares have performed extremely well in just one month, advancing from 76p through the 95p Target Price and up to 100p before easing back to close the week around the 97p level.
Now valued at some £57m, this Cloud-based PCI compliant payments solutions for call centres is still loss-making for this year to end June (-£4.2m est) and brokers finnCap estimate another £1m loss next year.
However, it has massive upside to secure profits over the next two to three years or so.
I spoke to the CEO and the CFO earlier this week and was impressed by their determination – although I just wish that they would use their ‘paper’ at these higher levels to just acquire one or two extra building blocks for their growth strategy.
(Profile 11.02.21 @ 76p set a Target Price of 95p*)