LeapRate's Daily Forex Industry Newsletter
Join now to receive first access to our EXCLUSIVE reports and updates.
Screenshot of a breaking news alert e-mail from Q2 2017
One of the cardinal rules of investing is ‘Buy the Rumor, Sell the News’. As such, conventional wisdom might have led us to believe that – after a runup in its share price leading to the announcement yesterday of its first half 2014 results – there might be a post-announcement letdown in the share price of SafeCharge (LON:SCH), even if the results were good.
But there was no disappointment, and no letdown.
After reporting results which clearly impressed the market, and announcing the initiation of dividend payments, SafeCharge saw its share price rise (another) 4% on Tuesday, closing at yet another all-time high of £2.25.
SafeCharge share price, IPO to present. Source: Google Finance.
Other highlights of 1H-2014 at SafeCharge included:
- Launch of new customers including Ladbrokes, FXDD and Gaijin
- Attained Principal Membership of VISA Europe
- First dividend of US cents 2.88 per share introduced
- And of course, the company’s successful IPO
Perhaps most importantly, SafeCharge reiterated that so far in Q3 business activity has continued to be strong, and as a result the company expects that both revenues and EBITDA for the full year (to December 31) are expected to be materially ahead of current market expectations.