Market's view on Wag Payment
Published on April 2024
- Concerns about whether the company’s low trading volume justifies its listed status.
- Speculation about whether recent trading patterns suggest upcoming bad news or merely represent market fluctuations.
- Announcement of Eurowag’s call option to acquire JITpay.
- Observations of increased trading volume, potentially signalling a price movement above the 110p range.
- Positive reception of management’s strategies, particularly in reducing debt and digesting acquisitions, contributing to an optimistic outlook for the year.
- Consensus that the company’s performance aligns with expectations, highlighting strengths in organic revenue growth and efficient acquisitions.
- The management team is praised for its reputation and effectiveness, particularly in growing markets and product expansion.
- Recognition of the company’s inclusion in the FTSE 250, enhancing its market profile.
- Integration with Poland’s PUESC e-customs system is highlighted, facilitating more efficient customs processes.
- Developments in telematics and fleet management services, including new features for maintenance, toll cost calculation, and vehicle sharing, aiming to enhance fleet efficiency and sustainability.
- The company’s resilient performance in challenging market conditions and its strategic outlook remains positive despite external economic pressures.