*I hold this and this isn’t an investment advice
Pretty boring company but it’s good to have such ones in one’s portfolio.
Their product offerings:
Premium SMS billing - Eg. Voting and competitions
Direct Carrier Billing - Eg. Enables buying digital content and ticketing
Voice - Eg. TV competitors X-Factor etc.
Messaging - SMS, one time passwords etc.
The top three account for 86% of their profit.
-They have shown good levels of growth in revenue and profit
-plan to pay a dividend
-are cash generative
-have no debt
-management still have a stake in the business
-their customers seem to be loyal
-Growth strategy includes expanding internationally
-They have over 100 customers but their top 10 customers make up 82% of the total payment value. If a major customer is lost, that will potentially impact the bottom line by a material amount. However, it’s worth noting that, to date, they have never lost a major customer.