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Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

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Fonix Mobile

March 2021

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:
  • 147p
Fonix Mobile has announced that revenue and profit have continued to grow comfortably in line with  expectations in the six months ended 31 December.Each of its three business segments of payments, messaging and managed services have grown and total payment volume of mobile payments was £123m, representing an 18% increase year on year. That led to a 21% increase in gross profit to £5.8m, while strong cash flows mean it expects to pay a maiden interim dividend in March. FinnCap has raised its target price to £2. I am a buyer ahead of interim results on 22 February.  ...

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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.

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