We lift our target price on the back of the strong performance of the stock over recent weeks and the performance of the HomeSend remittance hub, a JV with MasterCard. Institutional interest in the recent fund-raising was stronger than anticipated, to such an extent that the shortfall on the open offer was taken up by two institutions in Australia. This reflects growing investor confidence in both the stabilisation of the wholly owned mobile money platform business and in its 35% stake in the
15 Aug 2016
HomeSend results show JV on track
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HomeSend results show JV on track
- Published:
15 Aug 2016 -
Author:
Cavendish Research -
Pages:
4
We lift our target price on the back of the strong performance of the stock over recent weeks and the performance of the HomeSend remittance hub, a JV with MasterCard. Institutional interest in the recent fund-raising was stronger than anticipated, to such an extent that the shortfall on the open offer was taken up by two institutions in Australia. This reflects growing investor confidence in both the stabilisation of the wholly owned mobile money platform business and in its 35% stake in the