Ann: Star Striker to Acquire Leading Fintech Provider Intiger, page-136

@Whishy

Same conclusion.
MW has done a 'Super' deal!
16819370

Bought some 'International Tiger' (Intiger, aka Srt and Srtoa) on opening.

Can multi-bag... need to absorb initial profit-taking by uninformed sellers, then sp will fly.

Thank you sellers!
Best wishes to all shh!!

Thank you @forrestfield ,@Gladiator2 and @M17.

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Reasons:

Top 10 fintech valuation
= US$300m to $6Bn
= A$420million to $6Billion

10 fintech company valuations you should know about
https://www.hottopics.ht/.../10-fintech-company-valuations-you-should-...

Fintech company valuations are exploding. Here are the top 10.
https://www.hottopics.ht/stories/finance/10-fintech-company-valuations-you-should-know-about/


Intiger - MC and SP estimate:

$40m f/c net profit
(2017/18, fwd two year profits, normal practice is 1 to 2 year fwd)
x20
(average p/e, 18 to 26)

= $800m MC

lets discount by 50% ( to $20m profit)
= $400m MC

Fully diluted :
shares+options+perf.shares

124m+813m =937m shares,
+515m options
= 1452m

(+ 1000m perf shares, progressively vested, say 250m x 4 instals =1000m,
==>2452m)


SP

=MC/1452m , MC/2000m , MC/2452m

=$400m/1452, $400m/2000m , $400/2452m

= 28c, 20c, 16c

Let’s discount it by 50%

=14c , 10c , 8c

(Keep in mind, MC was discounted by *50%,
then SP estimate was discounted by *50%.
i.e,
MC is based on only $5m net profit, after *discounting

That means
8c to 14c
is on low-side estimate!

DYOR.


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Track record = Profitable
Top Management = Fisher, Malek
Hot Sector= Fintech


Intiger Asset Management says robots can't be financial advisers
http://www.smh.com.au/business/bank...l-advisers-20160117-gm7xmn.html#ixzz3xnDJr5oO

http://www.intigerassetmanagement.com/team-view/ash-malek/

http://www.intigerassetmanagement.com/#fintech_section



PE Ratio by Sector - NYU Stern School of Business

Financial Services
p/e @26
http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/pedata.html

p/e 18 to 25

http://www.investopedia.com/ask/ans...oearnings-ratio-financial-services-sector.asp