Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi MM, The EML Payments SP has trended upwards again lately. There have been a few similar increases in recent months followed by a corresponding drop but the overall trend seems to be improving. What are you thoughts on EML, are they getting things back in order? Regards Peter
Hi Peter,
Things have been improving for EML, in FY24 total revenue increased by +18% year-over-year, reaching $217.3 million, driven by growth in both customer revenue and interest income. This dropped down to reduce its loss to $9.6mn, significantly better than the $217.3 in FY23. This has been an issue for the share price with global markets putting most tech stocks that have been losing $$ in the “naughty corner” as the “Certainty Trade” reigned supreme.
Moving forward EML is trading on a lower valuation than comparative heavyweight Zip (ZIP) which we own in our Emerging Companies Portfolio but ZIP made a profit last year, albeit small compared to its $2.6bn market cap. We are positive on EML as an aggressive play with a push towards $1.40, not out of the question for this volatile stock.
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