Elated investors sent shares in Paysafe (PAYS) up 8 per cent after the online payments specialist hiked its revenue and profit guidance for 2015. Robust trading - especially in processing in North America - means the rebranded Optimal Payments now expects sales of about $600m (£411m) and adjusted cash profits of about $150m, well ahead of consensus forecasts.
IC TIP:
Buy
at
391p
Paysafe's integration of rival Skrill has also gone well: management estimates it saved close to $10m in the second half of 2015. Broker Panmure Gordon pegs EPS for the 2015 financial year at 29¢, rising to 36¢ in 2016.
