Westpay: The market just don’t get it

Today Westpay presented yet another significant milestone which likely will speed-up the growth trajectory for the company; a new cooperation agreement with the leading card acquirer Elavon. Westpay continues to deliver groundbreaking news like: Elavon cooperation, Gold partner to Oracle, Online offering, letter of intent in Australia with Cirralto, cooperation with Svenska Handelsbanken, certification in Sri Lanka, South Africa, Denmark, Poland and more. And yet the market still does not get it. We are undoubtedly positive about the company’s growth prospects.

Our current Base-case valuation amounts to SEK 18 per share..