I'm expecting a TH to accompany the news of approval, mainly because I'd expect some further explanation/fanfare around the significant implications it means for the business. From memory, NS was touting add revenues of $25-$28M and EBITDA of $7-$9M in relation to the WL licence. What it also means is that FND will be able to utilise the 3,912 ATM's currently under the current SBI contract directly for FindiPay and other banking options.
The new SBI K for 4,219 ATMs effectively maintains the impressive revenues and EBITDA forecasts for the next 10 yrs. Everything else is just adding to growth in preparation for the Indian listing.
There's got to be a catch here somewhere? Surely the next 2 years prior to listing can't be as good as the past 3-6 months?
I'm expecting a TH to accompany the news of approval, mainly...
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Last
$2.96 |
Change
-0.090(2.95%) |
Mkt cap ! $144.4M | |||
| Open | High | Low | Value | Volume |
| $3.05 | $3.05 | $2.91 | $189.8K | 63.49K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 1 | 300 | $2.92 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| $2.96 | 6999 | 1 |
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| Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
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Last
$2.91 |
Change
-0.090 ( 5.14 %) |
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| Open | High | Low | Volume | ||
| $3.05 | $3.05 | $2.91 | 11258 | ||
| Last updated 15.59pm 02/05/2024 ? | |||||
| FND (ASX) Chart |