Shares in Earthport (EPO) jumped 5 per cent after it gave investors a tantalising peak at its full-year results. Sales at the cross-border payments specialist soared 160 per cent to over £10.7m as it signed up big name customers such as HSBC and Bank of America Merrill Lynch. And even with last November's Baydonhill acquisition excluded, Earthport's revenues rose over 60 per cent.
IC TIP:
Buy
at
45p
It signed 33 new customers in the year to June 30, up from 21 in the previous year. Moreover, 25 customers are currently implementing its technology, giving it a strong revenue pipeline. Broker Panmure Gordon expects pre-tax profits of £0.5m in the coming year, giving EPS of 0.1p, from losses of £6.7m and 1.7p.