EML Payments Rings In the Changes (Again)
The years-long EML Payments soap opera gave ASX investors yet one more plot twist Monday with a very brutal management change and a monumental shift in strategy.
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Eml Payments Limited
EML Payments Limited provides payment card technology solutions. The Company offers prepaid disbursements and funding card programs for gaming payouts, government disbursements, healthcare reimbursements, and commission payouts. EML Payments serves customers worldwide.
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News
No Luck of the Irish for EML Payments
Shares in EML Payments crashed more than 20% for the second time in a fortnight on Monday as more bad news emerged regarding its European operations, PFS Card Services Ireland.
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EML Pays Big Time for Board Reshuffle
It was a very expensive Monday for EML Payments as the sudden resignation of the CEO cost the company more than $100 million in lost market value.
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EML Payments (ASX:EML) surges on Spanish deal
EML Payments (ASX:EML) has collaborated with Spain’s national post office Correos to load around 500,000 prepaid cards worth $603 (€400) each.
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Ticker Talk: UMG, BUB, EML
Some days companies can release bad news into a strong market and get away with it. As United Malt, Bubs Australia and EML Payments all discovered, yesterday was not one of those days.
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Analyst Views
EML – UBS rates the stock as Buy
Buy rating retained, with the added caveat that investors will need to get comfortable again, given the leadership change. The target price had been cut to $2.10 from $2.30 only five days ago.
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