SafeCharge shares soar to post IPO high ahead of Q2 results release

Payment services provider SafeCharge (LON:SCH), which counts the Forex and Binary sectors among its major client groups, has seen its stock price pop up over the past few days ahead of the company’s planned announcement of Q2 financial results next Tuesday. SafeCharge shares have increased for seven straight trading sessions, up more than 12% over that period.

Plus500 share price Sept 2014

SafeCharge had indicated in a Trading Update that:

the momentum generated throughout 2013 had continued into 2014… the strong start to 2014 has continued and that as a result, both revenues and EBITDA for the full year to 31 December 2014 are expected to be materially ahead of market expectations.

But that news came more than two months back at the beginning of July.

Apparently stock market investors have been steadily creeping into SafeCharge, expecting actual results to be announced next week to surprise even more to the upside.

SafeCharge shares, at £2.17, now sit 34% above their March £1.62 IPO price.

We’ll bring you all the actual SafeCharge Q2 results and of course our analysis of them when they become available. Stay tuned to LeapRate…

Read Also: