FID 2.13% $7.34 fiducian group limited

Ann: Fiducian (FID) Investor Presentation H1 2023-24 Results, page-4

  1. 3,569 Posts.
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    Agreed with all of this. Also consider that net cash is ~$22m at the moment. EV = $164m

    Even if they just repeat the $8.1m PAT for 2H (they'll do much better judging by FUAdm, FUM and staffing numbers), you'll end up at $16.3m UNPAT.
    9-10x EV/FCF is basically the current pricing.

    Given historical performance, that seems insane to me.
 
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