buy side is non existent because a lot of demand has been sucked up by the options being converted.
just need to allow for a few weeks for them to be bedded in, those that overcommitted will sell and once that part is behind us the sell side will then be non existent..
just remember the fundamentals. i.e. this is very cheap on an ev/ebitda multiple and could be trading 8x ebitda if you follow the Piramal valuation of TSI. We are right to expect more ATM contracts and White label license. Nick needs to deliver these two items first and the SP will continue its momuntum.
Lastly we have the sleeping giant- Findipay. Im looking forward to seeing how the merchant numbers is tracking. This part of the business could trade at a 5x revenue multiple in my eyes
FND Price at posting:
97.0¢ Sentiment: Buy Disclosure: Held
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