Network International Holdings Plc (NETW:LON)

Business Description

Network International Holdings PLC is involved in digital commerce business across the Middle East and Africa region. The company provides a full suite of technology-enabled payments solutions to merchants and financial institutions of all types and sizes, including acquiring and processing services and a comprehensive ever-evolving range of value-added services. Its activities include enabling payments acceptance at merchants, acquirer processing, switching financial transactions, hosting cards and processing payment transactions and providing end to end management services, and digital payment services.

Recommendation (Aug 2020)

Not a great business, but not a poor one either. Price of $5.29 per share does not make for an attractive investment. Our recommendation is a No-Buy (perhaps a Sell).

Our estimate of Intrinsic Value ranges between $2.60 – $3.24 per share.

For the full report, see link below

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