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Midpoint Holdings - Capital Network: Strengthening of Board

Writen by James Dolman CFA

Operational Progress Continues, Board of Directors Strengthened with Key Appointment.


Midpoint Holdings Ltd (CVE:MPT), cross-border payments and foreign exchange provider, has announced significant operational improvements to its user platform following nine months of intensive planning and development. The new updated platform, an enterprise grade platform, delivers enhanced features and benefits to users as well as significant improvements in operational efficiency. Announced at the end of September 2017, the new platform addresses issues of scalability and user experience and also provides increased flexibility and functionality to customers when managing their payments and FX requirements.

We are currently looking towards the announcement of both the FY (full year) report, for the year ending June 2017, and the 1Q (first quarter) report for the quarter ending in September 2017. Looking back at previous disclosures we can see a consistent 60-day compilation period between report date and announcement date for the quarterly results, but a 120-day compilation period for the FY results. Therefore, if this consistency was to extend into the new financial year, we would expect the FY results by the end of October 2017, and the 1Q results by the end of November. Weshow the actual and expected reporting calendar below.

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