Shares digital

Earthport (EPO:AIM) – Interims PTP: -£1.2m (-£2.4m) Divi: n/a (n/a)

The global electronic payments specialist should be able to build on the strong momentum established last year, as it capitalises upon its strong links with IT giant IBM (IBM:NYSE) and turns investment in sales into new customer wins.

Interim losses halved as revenues accelerated and £1 million of annualised cost savings began to flow through, following 2005’s restructuring and strategic reorganisation of the firm.

Increasing banking transaction and foreign exchange transaction volumes from existing customers drove the 57% surge in the top line. Management now intends to net additional clients on the back of strong interest at the SIBOS trade fair in Boston last autumn. The shares rose 1% to 71.25p, a three-year high.

Shares says: The £48 million market cap looks racy compared with interim sales of £1.1 million but there is massive potential here.

by: Russ Mould