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SafeCharge storms ahead

As it approaches one year as a listed entity, payment solutions provider SafeCharge is preparing to beat market expectations.
January 21, 2015

Payment solutions provider SafeCharge (SCH) has said full-year results will be significantly ahead of market expectations, with cash profits of at least $24.5m (£16.2m).

IC TIP: Buy at 254p

Bosses at SafeCharge said December trading was "extremely strong" and that "this momentum has continued into January". As a result, Numis has said it feels confident forecasting 30 per cent underlying growth in cash profits this year. The group also completed two acquisitions recently. The first was Israeli business Credit Guard for $8m, and the other was a technology platform, 3V Transactions Services, for €12m (£9.2m).