Business
EML Payments (ASX:EML) share price still 27% below pre-COVID high
It has been a disappointing 12 months for shareholders of ASX payments solutions provider EML Payments Ltd (ASX: EML). Despite the EML share price climbing almost 250% off its March 2020 52-week low of $1.20 to $4.17 as at the time of writing, it is still well short of its pre-coronavirus record high of $5.70 recorded last February.
So what’s going on?
What does EML do?
Broadly speaking, EML offers three key payments services to its clients: general-purpose reloadable cards, branded gift cards, and virtual account numbers.
General-purpose reloadable cards are the sorts of cards used by online bookmakers like Ladbrokes or Sportsbet to distribute winnings to their clients. The cards allow their customers to make instant withdrawals…
-
General21 hours agoHome of Andrii Yermak, Zelenskyy’s chief of staff, raided by anti-corruption unit
-
General10 hours agoProtecting victims of explicit AI content online
-
Business13 hours agoIs this the best ASX ETF to diversify your portfolio with?
-
General8 hours agoLiberals go back to basics after crawling to year’s end