The 'Wilson Stable' have accumulated EML -

The total number of votes attached to all the voting shares in the company or voting interests 6.11%

The investment Case for EML Feb 2024:

tamim_australia_all_cap_february_2024.pdf

EML Payments (ASX: EML) continued to progress with its simplification strategy and delivered a strong result benefitting from rising interest rates. Now that management has put the Irish subsidiary into liquidation, more granularity was provided to the remaining core business. Management guided to improving Ebitda margins towards 30% by FY26 through further cost cutting and new business growth. In addition the removal of the growth cap from the UK PFS subsidiary is imminent, and so is the sale of Sentenial being pursued. A new CEO will be appointed shortly and more likely will be Australian based.

We estimate the core biz will deliver $50M of Ebitda next year with strong cashflows and growing to $60M in FY26 with $30M of free cashflows.

We value the stock around $1.50 with a high likelihood of a takeover once the above catalysts are finalised. We believe a takeover of EML in time, will be closer to $2.00

EML bought a Lemon - Sentenial..The fatal - on 7 April 2021. {(A$112.7 million1 ) plus an earn-out component of up to €40 million (A$64.4 million1 ). }

EML: Share price up ~ 9% this arvo

EML PAYMENTS LIMITED EML(ASX) - ASX Share Price & News | HotCopper Forum

History Below:

Microsoft Word - 011021 ASX - Completion of Sentenial v3 (Clean) (afr.com)

EML is acquiring Sentenial, including their open banking product suite, Nuapay, for an upfront enterprise value of €70 million (A$112.7 million1 ) plus an earn-out component of up to €40 million (A$64.4 million1 ). A summary of the transaction is outlined below, please also refer to our ASX announcement and presentation released on 7 April 2021.

Noted Now Present Voting power: 12.15%

New CEO Emma Shand. Lots of work required to rejig EML.

2924-02603362-2A1416137 (markitdigital.com)

thesis notions.

EML is trading at around 40 times earnings, but we think that will fall as structural growth once again takes centre stage. 

Boasting a capital-light business model, sticky customers, rapid organic growth rates, $140m in cash and a share price 40% below all-time highs, we think we’re being well rewarded for the risks. We'd note the stock's 'high' risk ratings and our 3% recommended maximum weighting, but we're going with SPECULATIVE BUY. 

At 19/8/21

Announcement 7/6/21 price reaction up 4.19%

EML Payments provided Q3 FY21 trading update. The company had generated revenue of $143.5m which resulted to an 65% increase than previous period. The company's EBITDA was $43.8m which was increased by 62% than previous year. The company had signed 123 new contracts, 368 deals in pipeline, 56 deals in LOI/Contract Negotiation. The company had reported $8.3b of estimated GDV at maturity. The company also advised that the partnership with Frollo launching Australia's first Open Banking Payments Platform to the Australian market under Nuapay Brand.

Announcement 17/5/21 Trading halt.

Noted:

EML moved it's office to Ireland during the Brexit.

Sector rank: 17/ 204

So today Price chart looking to retest the $3.60

reports around October, AGM held generally circa November.

see the 6 month price chart.

4 x Analysts suggest a price $4.00 plus