EML PAYMENTS WILL 'BLOW YOUR SOCKS OFF', SAYS ANALYST
Written on the 29 November 2016
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.