Optimal Payments (Other OTC: NVAFF - news) rises 7.6 percent after the provider of online payments reports it is trading ahead of market expectations following a strong performance in first four months of 2013.
"Our forecasts (EV/EBITDA - FY13 7.2 times vs peer avg 9.9 times - and P/E basis FY13 12.8 times vs peer avg 17.6 times) do not include any upside from entering the U.S. gaming market; any contribution to FY2013 or FY2014 revenues could provide further impetus to the stock," Katherine Thompson, an analyst at Edison Investment Research, said.
"Recent M&A shows the market is willing to pay a significant premium for fast-growing independent payment processors," she said.
Parcel delivery company UK Mail Group Plc climbs 10.9 percent after reporting an 18 percent rise in full-year pretax profit as more thrift-conscious Britons look for online shopping deals.
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