Looks like a new write up for ISX from FRC. https://www.researchfrc.com/new/?s=isignthis
iSignthis (ASX: ISX) Leading Payments, eMoney and Identity Company; Introductory NoteDecember 19, 2018Fundamental Research Corp has issued a report entitled “iSignthis Ltd. (ASX: ISX / FRA: TA8): Leading Payments, eMoney and Identity Technology Company with Significant Growth Drivers – Introductory Note” and dated December 18, 2018. The full report is now at www.researchfrc.com.
IMO fair bit to be positive about with ISX in a somewhat gloomy global outlook.
- reaffirmed guidance for 2019 at +10.7Mil Ebit, and alluded to a target for 2020 at +30Mil Ebit
- ADI license 1stQ 2019
- Cash Flow positive predicted 1st Half 2019
- High potential for new customers as NAB and other Big 4 exit high risk market
if all 2019 guidance and milestones completed and are considered likely to be achieved ISX should reflect a SP of about 0.20c per share at a conservative P/E of 20 somewhere in mid - late 2019.
if 2020 targets are likely to be achieved ISX should reflect a SP of about 0.60c per share at a conservative P/E of 20 somewhere in mid - late 2020.
I can think of worse places to have your money.
