06:24:19 EDT Fri 29 Mar 2024
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Points International Ltd (2)
Symbol PTS
Shares Issued 15,359,903
Close 2014-01-07 C$ 28.90
Market Cap C$ 443,901,197
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Globe says Points International also rewards investors

2014-01-08 08:20 ET - In the News

The Globe and Mail reports in its Wednesday edition Points International, the software company that helps consumers collect and manage frequent-flier miles, is also racking up huge rewards for its investors. The Globe's Brenda Bouw writes shares in the Toronto company hit record highs this week and have soared more than 140 per cent over the past year as it boosts revenues from partnerships with some big-name loyalty programs. Analysts believe the shares will keep climbing as Points forecasts record fourth-quarter revenues and continues to bring in new contracts as part of a steadily recovering travel market. Points is projecting revenue to range between $195-million (U.S.) to $205-million (U.S.) in 2013, an increase of more than 40 per cent compared with a year earlier. Mr. MacLean said about 60 per cent of the company's revenue is derived from the United States, 30 per cent from Europe and the rest spread out between Canada, the Middle East and Asia. Analysts believe the company is on the cusp of greater international growth, particularly in China where loyalty programs are becoming more popular, but where few companies are monetizing them. Six analysts say "buy," while just one says "hold."

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