Company Report
Last edited 4 years ago
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Performance (56m)
-5.3% pa
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#FY21 Q1 Results
stale
Added 4 years ago

EML reported their FY21 Q1 Results. Market popped on the Investor Briefing a few days ago but not much from these results, which is interesting. Worth reading this article which breaks down the details for you.

https://www.raskmedia.com.au/2020/10/21/the-eml-payments-asxeml-share-price-looks-like-a-buy-after-fy21-q1/

EML Con event coming up. For anyone interested, you can sign up for this event at emlpayments.com.au

#Bull Case
stale
Added 4 years ago

Investor briefing was released on Wednesday, stock popped 11%. See briefing here (https://asx.api.markitdigital.com/asx-research/1.0/file/2924-02293421-2A1256231?access_token=83ff96335c2d45a094df02a206a39ff4)

EML 'creates secure payments solutions for its customers'

Breaking this presentation down;
- Says it is in a Trillion dollar industry
- 46 contracts signed in the last 2 quarters
- 331 contracts in the pipeline
- Projected $5 billion GDV in 3-4 years
- From 2018 - 2020, retained 99.9% of customers

Where to from here? 
IMO, EML is in a good spot, in the technology sector and leading the way into where the world is heading, online/mobile payments.
Diversified its business with the aquisition of PFS, which helped get away from relying on gift cards, now only making up 30% of revenue.
Little customer churn over the last 3 years. 
52 week high of $5.70, ran too hard at this point and came off
52 week low of $1.20 in COVID March lows
Currently $3.52.
If they continue to signs contracts, there is no doubt that the share price will run up from here.  

Disclaimer: I hold EML in my portfolio