Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
The uber-prostitute of the equity research world, commissioned researcher Edison has published a piece of PR puffery, sorry I meant detailed research note claiming that the 446p valuation of its client Optimal Payments (OPAY) can be justified. Yeah…right.
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Comments
Duck and Dive
Having held these since 35p I am exceedingly grateful to the management for their performance over the past few years. But I’m surprised that they felt it necessary to spring for an Edison report.
dstocpicker
What an outstanding poor level of understanding of a business. Try and unwind Optimal Payments from their client base – take a look at their technology. Key on financial measurement is profits to cash which OPAY ok has an outstanding track record. Now notice what venture capital are paying for these types of business and understand the excellent growth – with high barriers to entry. This view is 10 cents in its worth – back the full dollar and look to buy OPAY ok into weakness – on my measurement the stock will be 700p by Dec’2015 – seems decent large institutional fund managers agree – if you short this stock it will cost you money at this level. They are clearly trading well and further upgrades are incoming…… THIS IS THE VIEW of DSTOCKPICKER
tradertrev
Strikes me this is more of a comment about Edison than OPAY.