New premium listing: Bumpy road for Eurowag

WAG Payment Solutions, known as Eurowag, believes that the market for the provision of payments and other services to the commercial transport sector. Only 13% of the target market has adopted digital services.  

Eurowag offers an integrated range of services. This can help to reduce the non-driving burden on truck drivers and improve efficiency. The European market for these services could be worth as much as €12.7bn by 2025.

The 50 largest customers account for 8.5% of revenues, so there is no dependence on a limited number of customers. Eurowag is good at retaining customers and selling them additional services.

Trading got off to a poor start in conditional dealings prior to the flotation. The share price fell from 150p to 139p over those three days. On the first day of ...

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Andrew Hore is the publisher of AIM Journal, which is an online monthly publication covering the Alternative Investment Market.