Sep 19th 2013 - Edison Investment Research today published a report on Optimal Payments (OPAY.L, LSE:OPAY, LON:OPAY) entitled "H1 Strength Drives Upgrades". In summary, the report says:
Optimal Payments has reported another strong set of results (H113 revenues up 50% and EBITDA up 126% year-on-year), with continued strong growth in both businesses. The company is increasing investment to support this growth and to widen the customer base, and continues to consider STP acquisitions. We have upgraded our forecasts to reflect faster growth and stronger gross margins partially offset by higher operating costs. The stock continues to trade at a discount to peers.
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