CAB Payments shares plunge after StoneX ditches bid talks [Yahoo! Finance]
StoneX Group Inc. (SNEX)
Company Research
Source: Yahoo! Finance
Stock in the London-listed cross-border payments processor was trading 17.5% lower at 0858 GMT, and is on course for its second largest one-day stock price drop since an October 2023 profit warning, after StoneX confirmed it did not intend to make an offer for the company. CAB Payments, which debuted on the London bourse last year, promised a full-year trading update next January and pledged to drive "attractive, sustainable growth" from 2025. "The board of CAB Payments is highly confident in the company's strategy and is pleased with the strategic progress being made," it said in a statement. CAB Payments markets itself as a fast-growing fintech with a global network to help governments, institutions and organisations such as NGOs make payments in countries such as Nigeria and Cameroon. But it spooked investors last year after slashing its revenue forecasts by 17%, blaming "recent challenges" in some of its key currency markets such as the Central and West African franc, as
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SNEX
News
- StoneX Group Full Year 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
- StoneX Group Inc. (SNEX) Q4 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- StoneX Group Inc (SNEX) Q4 2024 Earnings Call Highlights: Record Net Income and Strategic ... [Yahoo! Finance]Yahoo! Finance
- StoneX Group Inc. (SNEX) Surpasses Q4 Earnings and Revenue Estimates [Yahoo! Finance]Yahoo! Finance
- StoneX Group Inc. Reports Fiscal 2024 Fourth Quarter Financial ResultsGlobeNewswire
SNEX
Earnings
- 11/19/24 - Beat
SNEX
Sec Filings
- 11/19/24 - Form 8-K
- 11/13/24 - Form 144/A
- 11/12/24 - Form 13F-HR
- SNEX's page on the SEC website