skip to content
  1. Home
  2. >
  3. Questions
  4. >
  5. PAY: Can you please provide an update on the current situation at PAY. [Payfare Inc. Class A Common Shares]
You can view 2 more answers this month. Sign up for a free trial for unlimited access.

Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: Can you please provide an update on the current situation at PAY.?
I tried selling my shares today through my online brokerage but transaction was denied
due to 'pending sale'.

Would appreciate your comments on latest developments.

Thank you
Asked by Karim on December 04, 2024
5i Research Answer:

PAY is still undergoing a strategic review, but this should not restrict trading in any way. No announcements have been made at the time of this answer. Sales rose 25% in the Q3 and net income rose 8%. It has $87M cash on the books. With the loss of its biggest contract, EPS next year is expected to fall by at least 50%. We do not find it overly attractive today, but holders could wait until the review is completed, as there is always a chance of a positive outcome from it.