(Update) CMPY back in focus as news hits wires
Published: Sun, 02/24/19
 Traders and Investors, The Company we're focusing in on tomorrow is Comepay, Inc (CMPY). We profiled CMPY a few weeks ago and wanted to update you as it's trading right near the bottom of its recent trading range, and we think it could bounce higher. CMPY is trading at $4.23, after hitting a 52 week high a few weeks ago of $5.25 with daily volume steadily increasing. It has been trading between $4 and $5 for the past couple of months. There appears to be support at $4 and some long term resistance at around $5, and we think if it can break through and close above $5 then anything is possible in terms of upside potential. Of course if its breaks down through $4, then all bets could be off - so trade wisely. Barchart.com agrees giving CMPY a bullish rating on short and long term horizon. Above are the technical's, now here's a (very impressive) snapshot of the CMPY fundamentals... - $20.2m in Assets - $9.1m in Revenue in 9 months (through September 2018) - Small Float of just 476,342 (according to OTCMarkets) - Over 11 years in business but newly listed in the public markets - 10 million customer transactions completed - 22,000 kiosks in place Here's even more reasons to like CMPY...
The Comepay group of companies including Comepay, RP Systems, M-NN LLC and Chek-online have been operating for over 11 years providing internet acquiring services and support, facilitating instant payments and internet-based payment transactions via kiosks, mobile interfaces and web-based applications such as electronic wallets. Market Outlook Global payments revenues swelled to $1.9 trillion in 2017, the best single year of growth in the last five years. The Asia–Pacific region, including China—which currently accounts for the largest share of payments revenues (40 percent)—will continue to be the engine of growth. It will comprise 56 percent of the global increase in revenues during the next five years, with China alone accounting for 40 percent of the global increase. However, Western Europe and developed Asia, where growth rates have been negative in recent years, will also rebound. Cross-border payments and trade finance will benefit in the coming years as well, driven by the strong recovery expected in trade flows (which have a projected compound annual growth rate of 8 percent from 2013 to 2018). This return to strong growth is being fueled primarily by sustainable volume increases, rather than less sustainable improvements in revenue margins, for both liquidity revenues (net interest income on liquid assets and deposits2 ) and transactional revenues (fee and float income on payments transactions). Indeed, margin improvement will barely contribute to the $410 billion increase in liquidity revenues between 2013 and 2018. Transactional revenues will increase by $340 billion by 2018 due to higher transaction volumes, despite the dampening effects of more regulation and competition.
At the close of fiscal 2018, the Chek-Online development team officially launched the custom USAIS app for operators of the Cassatka family of smart terminals. In addition to reporting transactions to the Russian Tax Authorities, taxes on sales of alcoholic beverages and products must be further reconciled with the USAIS. Prior to the launch of the USAIS app for the Cassatka smart terminals, businesses were required to independently file product details and reports with the USAIS. The USAIS app now comes as part of our core package of software enhancements that includes other Сassatka payment terminal apps. The payment terminal app operates in conjunction with the existing Сassatka-HUB universal transport module (UTM). Once the App has been set up and configured by the user, the Сassatka terminal can issue special receipts including a slip for the sale of alcohol and a QR code for verification with the Federal Tax Service (FTS) and the Federal Service for Alcohol Market Regulation, as well as meet other required reporting regulation. As a next step in our enhanced suite of apps for the Cassatka smart terminals, our development team expects to launch the “Mercury App”. Mercury will be similar to the USAIS app but is used exclusively for accounting of animal-based products. Starting July 1, 2018, businesses selling animal-based products have been required to register with the Russian Federal Tax Authorities. Thereafter, the Chek-Online development team plans to launch an additional customized app for the Сassatka smart terminal that will allow receipt and processing of veterinary documents via the terminal. The wide range of applications currently being offered on the “Cassatka.Market” are free, and are meant to act as drivers for connecting bank terminals, label printers, the processing of discounts and special offers, generating bar codes and a full system of back-end accounting. Chek-Online is working continuously to offer apps and features which simply business operations across all key industry segments of the Russian marketplace. Comepay, Inc. Subsidiary, Chek-Online, Announces Asus as Newest Client Using Fiscal Cash Registers in Its Data Center VAUGHAN, ONTARIO, Jan. 23, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Comepay, Inc. (CMPY) (“the Company”) is pleased to announce that its wholly owned subsidiary Chek-Online LLC, a leading manufacturer of fiscal cash registers in Russia, and developer of the family of Cassatka smart terminals, has now added Asus as its newest customer in order to bring their online store compliant with Russian Federal Law 54, requiring businesses and individuals to use federally compliant cash registers, including a fiscal chip for processing sales transactions. ASUS, a Taiwan-based, multinational computer hardware and consumer electronics company was established in 1989 and is dedicated to creating products for a smart life. According to their corporate website, ASUS is the world’s No. 1 motherboard and gaming brand as well as a top-three consumer notebook vendor. [1] ASUS is the next major corporation in Russia to have joined the list of companies connected to the Chek-online cloud payment-terminal service. Asus has completed an online payment-terminal lease agreement with Chek-online, and the hardware features have ready integration with the necessary external systems used by the ASUS online store. Chek-online’s data center can handle a large number of transactions simultaneously as well as generate online receipts in real time. Using the Chek-online interface account enables ASUS to monitor the status of its payment terminals, issue refunds and corrections to receipts, track balances, and receive settlement documents, as well as various other backend features which allow for complete and timely analysis of sales data. Mr. Dmitry Tsatskhin, Comepay CEO, added, “We could not be more pleased to add yet another industry leading corporation to our list of clients. As we continue to add new features to our platform we plan for ongoing expansion in the Russian marketplace.” [Source] https://www.asus.com/hk-en/About_ASUS/Company-Introduction
We think CMPY has the potential to be an excellent gainer in the coming days. We'll see you at the opening bell. All the best. SmallCapMomo.com --------------------------------------------------------------------------------------------------------
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