Pattersons BUY at 0.50c following ANN Rep, page-5

Nasha, in principle I agree with you - but not in this case.

Mainly because of the previous delay in EU mandatory implementation of the the 4AMLD

Also because of the following extracts from the ann rpt:

1. A major development for the company was the introduction of iSignthis eMoney Ltd (“ISXPayTM”). ISXPayTM was created to form the payments side of the business so iSignthis can provide merchants with a full end to end solution, strengthening our competitive advantage.

2. We continue to be the only company offering identity proofing services in
conjunction with payment services and we will continue to make the most of this competitive advantage.

3. the entry into regulatory force of the first of the two critical
EU regulatory regimes, being the 4AMLD, with the PSD2
slated for mid 2018. With the 4AMLD now in force, one
of the two core regulatory drivers our business case
relies upon is now in place in the EU.

4. iSignthis’ PaydentityTM solution went live with award
winning, FX trading leader, XM.com.uk. XM has
over 1,000,000 clients from over 196 countries and
executes over 150,000,000 trades. iSignthis is currently
processing and authenticating these transactions,
whilst on-boarding and performing KYC checks on
these customer to AML standard.

and similar.

Also I thought that John, whotends to be low key in his reports, was very upbeat in tone.