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Why the EML Payments (ASX:EML) share price is crashing 52% lower


Why the EML Payments (ASX:EML) share price is crashing 52% lower
James Mickleboro | May 19, 2021 10:22am |
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EML Payments Ltd(ASX: EML) share price has returned from its trading halt and is crashing lower.
In morning trade, the payments company’s shares are down a massive 52% to a 52-week low of $2.47.
Why is the EML Payments share price crashing lower?
Investors have been selling the company’s shares this morning after it revealed that its Irish regulated subsidiary, PFS Card Services Ireland Limited (PCSIL), has received correspondence from the Central Bank of Ireland raising significant regulatory concerns.
According to the release, the central bank’s concerns relate to PCSIL’s Anti-Money Laundering / Counter Terrorism Financing (AML/CTF), risk and control frameworks, and governance. ....

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Covid, Q4 earnings, vaccination among key factors that may guide market this week


Covid, Q4 earnings, vaccination among key factors that may guide market this week
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Among Nifty stocks, Bharti Airtel, Tata Motors, Indian Oil Corporation, State Bank of India, Shree Cement, JSW Steel and Hindalco will announce the march quarter earnings.
Nifty50 behaved in line with global indices and closed in the red on a weekly basis. The index failed to retest the immediate resistance zone of 15,000 as it is facing pressure at higher levels.
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NEW DELHI: The domestic equity market began the week on a high note, hoping that the pandemic will eventually peak out and the economy will recover sooner than expected. However, the euphoria fizzled out soon as investors turned wary of inflation in India and the US, with analysts expecting central banks to start tapering soon. Higher bond yields globally may result in further outflows. However, upbeat Q4 numbers provided some breather, but the action remained stock specific. ....

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bharti airtel shares: What could be the next trigger for telecom stocks?


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Sectors that were out of favour in the last 5-10 years are now coming back on their own, says Anshul Saigal, Portfolio Manager & Head - PMS, Kotak Mahindra AMC. Edited excerpts from his interview with ET Now:
What is your reading of the mild consolidation seen in the market? The broader market has put up a decent show.
What is not visible to the observer of frontline indices is that there is a broad-based uplifting of stock prices in the Indian bourses. In the last 3 years, the rally was quite polarised and favoured only a few select largecaps and the so-called quality and high cash flow kind of companies. This is becoming more broad-based now. ....

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