PCI-PAL (PCIP)

Sector:

IT Services

Index:

FTSE AIM All-Share

 40.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 50.50
  • 52 Week Low: 26.00
  • Currency: UK Pounds
  • Shares Issued: 59.32m
  • Volume: 0
  • Market Cap: £23.73m

PCI-PAL jumps after US contracts bolster recurring revenues

By Duncan Ferris

Date: Monday 28 Jan 2019

LONDON (ShareCast) - (Sharecast News) - PCI-PAL gained on Monday after reporting that recurring contracts won in the first six months of its financial year more than doubled that of the entire prior year.
The payments technology company said that for the six months ended 31 December the recurring annual contract value (ACV) of new contracts worldwide signed by the AIM traded company was £1.30m, up from £0.17m over the same period last year and 136% higher than the ACV of sales achieved for the full prior financial year.

Total contract value was £3.41m, up from £0.68m on-year, as North American contract wins exceeded management expectations to reach a total value of £0.95m, up from zero, as contracts were secured with four of North America's "leading VARs and Master Agents".

James Barham, chief executive, said: "Over the last six months we have continued to develop a strong partner-led sales pipeline, closed major new enterprise customer accounts, and at the same time made solid progress with investments in our cloud technology and operational capabilities.

Like-for-like indicative IFRS 15 revenue for the period was expected to have grown by at least 25%, while net cash stood at £3.54m, down from £3.75m the year before, after the final payment of £1.34m against the now fully-repaid loan note.

"Leveraging our secure cloud payments technology with select and global leading partners is helping us to build our brand, reputation and growth rate internationally. I am excited for the second half of this fiscal year and the year that follows," said Barham.

PCI-PAL's shares were up 13.50% at 19.86p at 0903 GMT.

Email this article to a friend

or share it with one of these popular networks:


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

 

PCI-PAL Market Data

Currency UK Pounds
Share Price 40.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 50.50
52 Week Low 26.00
Volume 0
Shares Issued 59.32m
Market Cap £23.73m

PCI-PAL Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
70.8% below the market average70.8% below the market average70.8% below the market average70.8% below the market average70.8% below the market average
41.05% below the sector average41.05% below the sector average41.05% below the sector average41.05% below the sector average41.05% below the sector average
Price Trend
74.75% above the market average74.75% above the market average74.75% above the market average74.75% above the market average74.75% above the market average
48.51% above the sector average48.51% above the sector average48.51% above the sector average48.51% above the sector average48.51% above the sector average
Income Not Available
Growth
54.01% above the market average54.01% above the market average54.01% above the market average54.01% above the market average54.01% above the market average
63.44% above the sector average63.44% above the sector average63.44% above the sector average63.44% above the sector average63.44% above the sector average

PCI-PAL Dividends

No dividends found

Trades for --2020

Time Volume / Share Price
0 @ 0.000p

PCI-PAL Key Personnel

Finance Director Stuart Gordon
CFO William Good
CEO James Barham
Chair Simon Wilson

Top of Page