Tap into this company’s overseas expansion

Simon Thompson: It is successfully cracking the market in Ireland and plans to accelerate investment in new territories

Published on January 27, 2025

First half cash profit up 6.8 per cent to £7.8mn
3p a share special dividend
International expansion in Portugal and other territories

Mobile payment technology group and prodigious cash generator Fonix Mobile (FNX:216p) has released a robust pre-close trading update and announced a special dividend, too.

Fonix’s core activity is a mobile payments service that enables merchants to charge customers for products or services (mobile ticketing, gaming, parking, dating, charity donations), turning the mobile device into a cash register while offering convenience for consumers. The media sector dominates the blue chip client base, which has virtually no churn.

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