Is the media tide finally turning?, page-22

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21/10/19

11:25

Post #: 40984589
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Originally posted by KCRCH: ↑

LHC Capital stands by suspended iSignthisJonathan Shapiro and Vesna PoljakOct 21, 2019 — 12.00amShareHedge fund LHC Capital is standing by suspended fintech iSignthis, which is in the sights of ASIC and the ASX, arguing it is frequently and robustly audited, and the business has reached a "tipping point" which will enable the payment of a dividend in 2020.iSignthis shares have been suspended from trading since October 2 while the regulators resolve their enquiries, the scope of which includes ASIC asking for documents relevant to an examination of continuous disclosure compliance. iSignthis has said it is co-operating.In coming to the defence of iSignthis, LHC co-chief investment officers Marcus Hughes and Stephen Aboud say that its achievement of positive cashflow in the June quarter and the creation of a "highly scalable financial platform" are evidence of managing director John Karantzis delivering on his strategy.Mr Hughes and Mr Aboud made the comments in their September quarterly investment letter to clients of their high conviction fund, which advanced 10.54 per cent during the period, after fees, and is up 27.95 per cent for the calendar year.The fund owns 89.45 million shares in iSignthis, accounting for 8.2 per cent of the register.iSignthis is experiencing "explosive consecutive month-on-month-on-month growth in any language", they conclude, based on their expectations for gross processing transaction volumes (GPTV) which the company reports on an annualised basis.

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Thank you! And thanks for the JavaScript advice too.. didn't know that.

ISX Price at posting: $1.07 Sentiment: Buy Disclosure: Held
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