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Fonix

February 2023

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • FNX
  • Price:
  • 216.5p
Ahead of reporting H1 on 13 March, Fonix said Total Payment Volume (TPV) of mobile payments was £137m with usage by commercial clients increasing to offset a decline in charity related TPV, so that overall gross profit was up 12% to £7.8m. EBITDA also grew by 12% to £6.2m after investing in its Irish operations and achieving direct connections with all major mobile operators. Fonix launched there in the final few weeks of 2022 and has already picked up two significant media broadcasters with others due to go live in FY23. The Irish expansion provides a blueprint for other geographies. Gain 65%. Hold. ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X

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