EML - EML Payments

[aus_trader]

Picked for CY2023 competition. Could be too early to say the stock has bottomed out, but willing to see what happens over a year...

Payment companies have seen the share price decline in 2022, could 2023 bring some uplift ?

 

[Dona Ferentes]

another trashed CV

The chief executive of EML Payments, Emma Shand, has departed after less than 10 months in the position following a decision by the company’s board to appoint Barrenjoey Capital Partners to sell “all or parts” of the business.

The decision to launch a strategic review pushed EML shares 16.5 per cent higher on Monday, trading at 67c on hopes bankers would be able to strike deals to unlock value by selling the group’s various divisions.

 

[aus_trader]

Top performer on XAO today...

 

[Dona Ferentes]

and an underperformer today. .... down 30 per cent


won't even look further

 

[Dona Ferentes]

and an underperformer today. .... down 30 per cent

and what a distraction it must have been

EML Payments to exit ‘PCSIL’ business
• The EML Board and the recently reconstituted PCSIL Board have
determined to wind down the whole of the PCSIL business
• A liquidator has been provisionally appointed by the High Court of Ireland with immediate effect to conduct the wind down
• For EML, this concludes a period of significant earnings losses, cash burn and management distraction from operating PCSIL
• Going forward EML’s remaining exposure to PCSIL is limited to:
o ~A$20 million of cash outflow, being the repayment of intercompany balances
o ~A$25 million non-cash impairment to EML’s FY24 financial accounts, representing the removal of net assets of the PCSIL business and any associated intangibles
• Following the conclusion of the liquidation and repayment of the intercompany balances, EML expects free cash flow to materially improve
• EML’s management resource, energy and capital can now be redirected to core businesses.
.
up 20 per cent

 

[divs4ever]

i bought this as a gold explorer ( AAO ) and exited in May 2017 ( @ $1.69 )

i might have missed the top but i also missed all the turmoil that was to come ( after selling )

 

[Miner]

and what a distraction it must have been

EML Payments to exit ‘PCSIL’ business
• The EML Board and the recently reconstituted PCSIL Board have
determined to wind down the whole of the PCSIL business
• A liquidator has been provisionally appointed by the High Court of Ireland with immediate effect to conduct the wind down
• For EML, this concludes a period of significant earnings losses, cash burn and management distraction from operating PCSIL
• Going forward EML’s remaining exposure to PCSIL is limited to:
o ~A$20 million of cash outflow, being the repayment of intercompany balances
o ~A$25 million non-cash impairment to EML’s FY24 financial accounts, representing the removal of net assets of the PCSIL business and any associated intangibles
• Following the conclusion of the liquidation and repayment of the intercompany balances, EML expects free cash flow to materially improve
• EML’s management resource, energy and capital can now be redirected to core businesses.
.
up 20 per cent
View attachment 169134

I was browsing EML and found the stock is no better since @Dona Ferentes posted with a disappointment on the performance or lack of it.
In July 2024, EML has gone only worse. Shocking FY 23 performance, leaving CEO, transition CEO and new CEO without any Australian experience. Will be operating in USA to work between USA and Europe - why Australian shareholders hold this stock? What is the strategy for Australian market ? Pretty arrogant approach.
Is it a rotten lemon or egg ??

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02822861-2A1532573&v=4015c7b87631faf94ecd96975272ff9ad5cb14c3

DNH

 

[divs4ever]

I was browsing EML and found the stock is no better since @Dona Ferentes posted with a disappointment on the performance or lack of it.
In July 2024, EML has gone only worse. Shocking FY 23 performance, leaving CEO, transition CEO and new CEO without any Australian experience. Will be operating in USA to work between USA and Europe - why Australian shareholders hold this stock? What is the strategy for Australian market ? Pretty arrogant approach.
Is it a rotten lemon or egg ??
View attachment 181163

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02822861-2A1532573&v=4015c7b87631faf94ecd96975272ff9ad5cb14c3

DNH
View attachment 181162

well i hit the parachute ( back in 2017 ) because the company seemed to be going in a direction i was not comfortable with

( my memory might be hazy , but i think it seemed like trying to become a 'neo-bank'/payment system )

now in 2017 i was becoming risk-averse across most of the portfolio and saw compliance/regulation complications ahead , and a very nice profit begging to be crystallized

but it was a very educational ( and profitable ) ride from small gold explorer to a plastic card rewards/gift system and on the the current state

i guess there are more lessons to come for those who watch on

 

[Miner]

I am reproducing the analysis of Simple Wall Street.
I have been a paid subscriber and have found that the goalposts were often changed.
This is as published on 21 July 2024. They say the price will not increase more than $1 in the next 12 months.
Trading view opined the price will go up $1.07 soon. What to believe and hence returning to the adage -DYOR.
Oh yes, my big friend Mr FOOL has predicted EML to be a long-term buyback in May 2022. There could be many published articles by them since two years back. But how should an LT buy be changed from a short-term perspective? What was the basis of MF research?
The price of EML in May 2022 was no different as it is today.

DNH

 

[Miner]

Today's Trading VIEW for EML - not inspiring
But why WMI kept on buying the stocks in every month

 

[finicky]

Market Matters

• EML Payments (EML) +29.2% to 88.5¢, impressive move but coming off a very low base as earnings improve in the first quarter of FY25.

Not Held

 

[divs4ever]

bought this as a junior gold explorer and ended up with this , it took a turn i didn't like , so exited in May 2017 @ $1.69 , crystallizing a nice profit , and it seems a correct decision ( for me )

 

[Miner]

Today's Trading VIEW for EML - not inspiring
But why WMI kept on buying the stocks in every month

View attachment 181594
View attachment 181595

Revisiting EML in about 6 months time and looking for those analysts too who predicted a min $1.10 AUD price .
The company has an excellent record of hiring and firing CEO and directors for sure.

Now the latest has been fired probably within his probation period but got 6 months payment. Not bad for a Christmas to get fired for 6 months service but to get another 6 months pay. Funny enough in July 24, there was an extensive search to select the same person who hired three more executives once joined the company. It has already dived down to one year low price with a 27% reduction . Once market digests it the damage should be shown more. exposing the flaws on its strategies and direction for sure.
No more narrative from me and the announcements explain the journey of EML so far

One Mr Hynes (Ron) will be replaced temporarily by another Mr Hynes (Anthony) as per ASX announcement

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02898218-2A1570213

Need some buckets of salts to have so many pinches to read all above and below

EML Payments goes for growth with new executive appointments - this is the announcement https://www.finextra.com/pressartic...es-for-growth-with-new-executive-appointments​

https://www.finnewsnetwork.com.au/archives/finance_news_network582085.html

EML Payments targets double-digit revenue growth under new leadership

EML Payments (ASX: EML) recorded a vastly improved financial performance on all key metrics in the 2024 financial year. Group chief executive officer Ron

smallcaps.com.au

 

[galumay]

A favourite of the micro/small cap fundies, another dud! They really seem to be able to pick them, negative correlation indicator!

 

[divs4ever]

A favourite of the micro/small cap fundies, another dud! They really seem to be able to pick them, negative correlation indicator!

agree , especially when there is a consensus among them ( the mavericks seem to score to odd diamond , though )

but i did smell this coming when they tried to move away from gift-cards/rewards points cards and ( and pre-payment cards ) and plunged into financial regulation nightmare territory ( so i hit the exit button )