Latest Posts
TechFinancials sells OptionFair binary options brand for $400K as it focuses on Blockchain and Crypto technologiesOSC denied in attempt to shut down equities trading platform Omega Securities ahead of hearingFoster Stockbroking called out by ASIC for IPO conflict of interestPepperstone adds crypto trading in Bitcoin, Ethereum, Dash and LitecoinEthereum with a new, all-time high of $400New Zealand based FX broker Fullerton Markets gets FMA warning for AML issuesFCA warns against NBLFX/ Niru Bala Limited / Numex Foreign Exchange Corporation clone firmExclusive: UBS FX executives leave to set up broker consultancy service FinoesisNasdaq Dubai and Nairobi Securities Exchange sign MoU to support creation of Sukuk sector in KenyaHSBC issues first corporate sustainable development bondFCA warns against MBQ International Incorporated firmIOSCO Good Practices for the Termination of Investment Funds seek to protect investorsChartIQ integrates Trading Central on WebTrader for MT4InvestCloud announces Freetrade as the first startup in its UK innovation centerFrench AMF appoints Moad Fahmi as Director of Fintech and InnovationExclusive: Former City Index COO Simon Bird joins Ikon Finance ahead of institutional FX relaunchEbury opens office in Brussels, second in BeneluxCySEC to suspend its Fast Track Examination CIF licensing schemeHong Kong SFC fines a former account executive of Fulbright Securities Ltd and bans him for lifeSwissquote launches first actively managed Bitcoin Certificate traded on SIX Swiss Exchange

SafeCharge stock takes off, nears $500M valuation as shares hit post-IPO high


It hasn’t really released any earth-shattering (or financial) news since going public in a $126 million IPO at the end of March, but stock market investors seem to finally be warming up to PSP (payments service provider) company SafeCharge. SafeCharge is an important services provider to companies in the Forex, Binary and iGaming industries, helping those companies securely receive deposits from clients – the key lifeblood of many of these companies.

SafeCharge share price June2014

As the chart above shows (Source: Google Finance), SafeCharge did not experience an ‘IPO pop’ in its shares after going public, which many newly public companies receive, but saw its stock move fairly horizontally for the better part of three months. About two weeks ago, SafeCharge stock started to march upward, hitting £1.93 last Friday – up more than 3% on the day, and 19% from its £1.62 IPO price.

SafeCharge is controlled by online gaming software magnate Teddy Sagi of Playtech fame, with JP Morgan holding about 7% and Henderson Global Investors holding 5%.

SafeCharge did $43 million in Revenues and EBITDA of $11 million in 2013, and as at the time of its IPO the outlook was for Revenues of $61M and EBITDA of $18M in 2014. With its valuation now approaching $500 million, SafeCharge is trading at about 6x forecast 2014 Revenues and 61x EBITDA:

SafeCharge valuation

Related News

arrow

SafeCharge stock takes off, nears $500M valuation as shares hit post-IPO high

0

Send this to a friend

Subscribe to LeapRate
PGlmcmFtZSBzcmM9Ii93cC1jb250ZW50L2E0bHIvaGFuMTZyZXNfNjI1eDQwMC5odG1sIiB3aWR0aD0iNjI1IiBoZWlnaHQ9IjQwMCIgZnJhbWVib3JkZXI9IjAiIHN0eWxlPSJib3JkZXI6bm9uZTsiIHNlYW1sZXNzPjwvaWZyYW1lPg==
PElGUkFNRSBTUkM9Imh0dHBzOi8vYWQuZG91YmxlY2xpY2submV0L2RkbS9hZGkvTjgwMTcuMTkxNDQzMkxFQVBSQVRFL0IxMDY0ODE4OS4xNDIxOTAzNjE7c3o9NjAweDQyNTtvcmQ9W3RpbWVzdGFtcF07ZGNfbGF0PTtkY19yZGlkPTt0YWdfZm9yX2NoaWxkX2RpcmVjdGVkX3RyZWF0bWVudD0/IiBXSURUSD02MDAgSEVJR0hUPTQyNSBNQVJHSU5XSURUSD0wIE1BUkdJTkhFSUdIVD0wIEhTUEFDRT0wIFZTUEFDRT0wIEZSQU1FQk9SREVSPTAgU0NST0xMSU5HPW5vIEJPUkRFUkNPTE9SPScjMDAwMDAwJz4=
Fill out the form below for more information
for lising in LeapRate's Forex Yellow Pages

Please enter the company name, email address to reach you and phone # (optional):

Please fill out the message field to the right for any questions or special inquiry:
PGlmcmFtZSBzcmM9Ii8vY2RuLmJhbm5lcnNuYWNrLmNvbS9iYW5uZXJzL2JjaWVod29iOC9lbWJlZC9pbmRleC5odG1sP3VzZXJJZD0zMTU5MzQwNiZ0PTE1MTAxMzg3MTAiIHdpZHRoPSIxMDAlIiBoZWlnaHQ9IjEwMCUiIHNjcm9sbGluZz0ibm8iIGZyYW1lYm9yZGVyPSIwIiBhbGxvd3RyYW5zcGFyZW5jeT0idHJ1ZSIgYWxsb3dmdWxsc2NyZWVuPSJ0cnVlIj48L2lmcmFtZT4=