Equals Group (EQLS)

Sector:

Financials

Index:

FTSE AIM All-Share

117.50p
   
  • Change Today:
    -0.50p
  • 52 Week High: 128.00
  • 52 Week Low: 87.00
  • Currency: UK Pounds
  • Shares Issued: 187.63m
  • Volume: 622,794
  • Market Cap: £220.46m
  • RiskGrade: 292

Equals Group acquires Effective FX's international payments business

By Iain Gilbert

Date: Thursday 15 Oct 2020

LONDON (ShareCast) - (Sharecast News) - Business-to-business payments group Equals said on Thursday that it had acquired assets from the international payments business of Effective FX.
Equals will purchase EFX's client book for a total of £1.57m, funded from the group's existing cash resources.

As part of the acquisition, Effective FX's Amir Mehrad will join Equals to further develop its B2B sales process as the business is integrated into the group.

The AIM-listed group stated the addition of EFX displayed the continuing growth of the group in B2B international payments via its three routes to market.

Chief executive Ian Strafford-Taylor said: "This acquisition highlights a number of key strengths of Equals in the B2B international payments arena. Firstly, we remain open to M&A opportunities and can structure deals to suit both parties whilst concurrently protecting our cash position.

"Secondly, it demonstrates the multiple ways we can acquire volumes and revenues, directly via sales and marketing, indirectly via our outstanding Equals Connect B2B2B model, and lastly via acquisition."

As of 1140 BST, Equals shares were up 0.67% at 25.67p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Equals Group Market Data

Currency UK Pounds
Share Price 117.50p
Change Today -0.50p
% Change -0.42 %
52 Week High 128.00
52 Week Low 87.00
Volume 622,794
Shares Issued 187.63m
Market Cap £220.46m
RiskGrade 292

Equals Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value Not Available
Price Trend
77.49% above the market average77.49% above the market average77.49% above the market average77.49% above the market average77.49% above the market average
63.79% above the sector average63.79% above the sector average63.79% above the sector average63.79% above the sector average63.79% above the sector average
Income Not Available
Growth
95.89% above the market average95.89% above the market average95.89% above the market average95.89% above the market average95.89% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

What The Brokers Say

Strong Buy 0
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 1
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Equals Group Dividends

  Latest Previous
  Interim Final
Ex-Div 16-Nov-23 n/a
Paid 07-Dec-23 n/a
Amount 0.50p 0.000p

Trades for 28-Mar-2024

Time Volume / Share Price
16:12 100,000 @ 117.50p
16:48 8,204 @ 118.44p
16:47 24,765 @ 118.44p
16:35 1,389 @ 117.50p
16:35 1,389 @ 117.50p

Equals Group Key Personnel

CEO Ian Alexander Irving Strafford Taylor

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