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PYG - PayGroup News Story

A$0.515 0.0  0.0%

Last Trade - 07/05/21

Sector
Industrials
Size
Micro Cap
Market Cap £22.1m
Enterprise Value £20.2m
Revenue £7.57m
Position in Universe 1233rd / 1907

BUZZ-Australia's PayGroup jumps most in over 6 weeks on strong FY21 outlook

Mon 15th March, 2021 1:03am
** Shares of PayGroup Ltd  PYG.AX  rise as much as 10.7% to
A$0.675, their biggest intraday pct gain since Jan. 29
    ** Co says it expects annualised recurring revenue in FY21
to be at least A$20.5 mln ($15.93 mln), up about 15% on the
previous year  urn:newsml:reuters.com:*:nASX53drNy
    ** Adds it also expects over A$10 mln in new contracts for
FY21, almost double of the previous corresponding period
    ** Stock hits highest since Feb. 15
    ** About 276,000 shares change hands, compared with the
30-day average of about 73,000 shares
    ** Stock has risen 2.5% this year, as of last close

($1 = 1.2872 Australian dollars)

 (Reporting by Soumyajit Saha in Bengaluru)
 ((Soumyajit.Saha@thomsonreuters.com;))
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