EML PAYMENTS WILL 'BLOW YOUR SOCKS OFF', SAYS ANALYST

EML PAYMENTS WILL 'BLOW YOUR SOCKS OFF', SAYS ANALYST
EML Payments (ASX:EML) is generating buzz among investors looking for ASX-listed companies with exposure to the United States.

In a recent Livewire Markets Buy Hold Sell: US Dollar Earners video, Shane Fitzgerald (pictured), from Monash Investors, is asked, "which stock will blow your socks off?" He replies, "I absolutely love Emerchants".

He explains that the Brisbane-based company, which was recently rebranded to EML Payments, generates around 50 per cent of its revenue in the United States and 40 per cent in Europe.

"This is a provider of debit cards to corporates, where they can tailor the solution to the corporate entity," he says.

"The potential applications for this product are, well I wouldn't say endless, but there are a lot."

"They have a lot of very interesting verticals, and ... if even one of these verticals comes off it could be huge for the company."

One of Australia's largest companies by market capitalisation, Challenger, obviously agrees, as the superannuation giant recently took a 5 per cent holding in EML.

Find out what all the excitement is about by hearing EML Payments CEO and managing director, Tom Cregan, talk about the company at the 7 December Breakfast Series event at Customs House.


Help us deliver quality journalism to you.
As a free and independent news site providing daily updates
during a period of unprecedented challenges for businesses everywhere
we call on your support

How to conduct an effective board assessment: a step-by-step guide
Partner Content
Your directors should conduct a board assessment annually. Let's examine what a boa...
OnBoard
Advertisement

Related Stories

“Lifting up your eyeline”: Lessons on ambition from the founder of a unicorn

“Lifting up your eyeline”: Lessons on ambition from the founder of a unicorn

While today ed-tech Go1 is a 'double unicorn' with a global...

Love is in the wallet: Australians to splurge $485m on Valentine’s Day

Love is in the wallet: Australians to splurge $485m on Valentine’s Day

Vibrant bouquets and sweet treats are high on the agenda for Austra...

Group structure thought starters: How should mine look?

Group structure thought starters: How should mine look?

What does your corporate structure say about you? Does it showcase ...

Administrators kick off sale process for Sun Cable

Administrators kick off sale process for Sun Cable

Administrators FTI Consulting have this week opened up the bidding ...