Research, Charts & Company Announcements
Research Tree provides access to ongoing research coverage, media content and regulatory news on MI-PAY GROUP PLC. We currently have 17 research reports from 3 professional analysts.
|17Mar17 12:23||RNS||Holding(s) in Company|
|30Jan17 07:00||RNS||Trading Update and Notice of Results|
|21Sep16 07:00||RNS||Interim Results|
|03Aug16 07:00||RNS||Trading Update|
|23Jun16 07:00||RNS||Directorate Change|
|17May16 14:50||RNS||Result of AGM|
|13Apr16 07:00||RNS||Preliminary Results|
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Research reports on
MI-PAY GROUP PLC
MI-PAY GROUP PLC
30 Jan 17
Mi-Pay has released an encouraging trading statement this morning confirming FY16 revenue will be in line with ZC estimates at £3.3m (FY15: £3.0m). The yoy growth of 10% is ahead of the 5.7% reported in the interim results in late September 2016. The improvement in revenue has been driven by a c. 28% increase in transaction values processed that reached £83.0m, up from £65.0m in FY15. The net cash position of £3.5m is in line with the previous year and ahead of our £3.0m forecast. We view this positively as it provides increasing confidence that the business has the necessary cash resources to fund its self through to profitability. FY16 results, scheduled to be released on the 5th April, will provide more detail as to the underlying make-up of the performance. The group remains will positioned to deliver on its strategy and today’s statement provides confidence that our challenging growth assumption in FY17 can be met should growth in Asia come through strongly.
Encouraging HY16 results
21 Sep 16
Mi-Pay has released an encouraging set of interim results this morning, leaving the company well positioned to meet FY16 forecasts that were updated at the time of the trading statement (3rd August). Benefits from investment made in previous periods are now being demonstrated in the company’s performance with improved margin dynamics, reduced administrative expenses and a healthy cash position. The company is well financed having sufficient cash resources to fund itself until FY19 (assuming an unlikely scenario of there being no improvement from current rate of cash burn) and is well positioned to deliver on its strategy of delivering outsourced online payment solutions to the mobile operators.
H1 Trading update
03 Aug 16
Mi-Pay have released a trading update this morning showing good progress in improving efficiencies across the business. The group has seen improvements in gross margins and lower operating costs but somewhat disappointing revenue growth. Importantly the company continues to make good progress in moving towards generating positive monthly cash flow. The cash position was ahead of management expectations at £3.4m.
03 Aug 16
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N+1 Singer - Morning Song 21-03-2017
21 Mar 17
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N+1 Singer - Augean - Double digit growth in ’16, good start to ‘17
21 Mar 17
Augean reported another year of double digit growth for 2016, with profits in line with our forecasts. Sales grew by 21% excluding landfill tax, while adjusted PBT grew by 18% to £7.1m before amortisation of acquired intangibles. DPS was increased by 54% to 1.0p, 25% ahead of our estimate. The business units made further strategic progress, with revenues from their top 20 customers increasing from 42% to 43% of the total, of which 88% was under contract or a framework agreement, increasing forward visibility. There has been an encouraging start to 2017 and management is confident of delivering another year of profits growth. The shares trade on undemanding single digit multiples, offering good value.