If only...
PCI-PAL (Aim: PCIP) develops software that allows call centres to process credit and debit-card payments securely. Its most recent results showed a 27% rise in turnover in the year to 30 June, with a profit of just over £21,000, compared with a loss of £258,000 in the previous year.
It recently sold two related call-centre divisions to concentrate on its payments business. Since then shares have shot up, and have risen by more than 170% in the last year.
Be glad you didn't
In August 2015, investment firm Iafyds plc completed a reverse takeover of 365 Agile Limited, renaming itself 365Agile Group (Aim: 365). 365 Agile creates apps that let staff access back office systems remotely, with a subsidiary, Wireless Things, developing software for the "internet of things". The management concluded the original business model required improvements, which included the CEO's departure, closure of the Wireless Things subsidiary, and a near-90% slump in the share price.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
What happens if you can’t pay your tax bill, and what is "Time to Pay"?Millions are due to file their tax return this Friday as the self-assessment deadline closes. Though the nightmare is not over until you pay the taxman what you owe - or face a penalty. But what happens if you can't afford to pay HMRC your tax bill, and what is "Time to Pay"?
-
What does Rachel Reeves’s plan for growth mean for UK investors?Rachel Reeves says she is going “further and faster” to kickstart the UK economy, but investors are unlikely to be persuaded
