Redeye: Westpay - A positive growth trend shift
The net sales during Q2 came in almost exactly as our estimate. On a q/q basis, Westpay showed an increase of 15%; this was the second quarter in a row with sequential growth. The growth trend shift in is rather evident and is likely an effect of that the Carbon sales are picking-up. Westpay continues to sing deals, the latest with the cash handling giant Loomis, read more about that in this analysis update. The short-term financial liquidity is now secured through the almost fully guaranteed rights issue. We trim our projections and valuation slightly, but we also find that the uncertainty is steadily decreasing.
Read more and download the latest research update: http://bit.ly/2ZtEISf
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This is a press release from Redeye - Research Powered Investment Banking. https://www.redeye.se/about/