I also hold ZIP and enjoyed some nice bags have dropped FND on...

First 16 Last

Share
Profile

Follow
jimmyz82

957 Posts.

118

20/07/24

08:38

Post #: 74837730
Share

Originally posted by Rampaul: ↑

There is so much to unpack in that preso, but a few things that stuck out to me:
- IPO is not the end game. I had assumed that Indian IPO and vendor sell down would see ASX investors exit. But Nicholas said that dual listing is the current intention. Given that ASX valuation is getting closer to Parimal valuation, that doesn't seem unreasonable as it did say six months ago when there was a 6x divergence. How it would work is unclear (presumably shares would be convertible, but there are no current examples of dual listed ASX and Indian entities.

- Findipay plans. The idea of making Findipay merchants into correspondent partners of a major bank is interesting, a bit like Australia Post outlets here. Could be excellent depending on margins, buy also wonder what regulatory hoops would need to be jumped through.

- Acquisitions galore. I hadn’t realised they were looking at brown label and digital acquisitions, in addition to White Label. How they are funded to do this in addition to funding SBI new contract roll out is a question, but then 75% of the Findi business cost a fraction of the earnings it has generated in just a few years, so let's see.

- Thank go staying out of crypto. The RBI is a serious regulator of conduct and inclusion. I could foresee a huge problem if Findipay outlets were to offer crypto as one video from a director on the website said a while ago.

After watching the video I can understand the market reaction today. Very exciting times and will be interesting to see how the company can deliver over next 12 months. It's also clear that this is an underappreciated stock by Aussie investors e.g compare with ZIP that has just done a placement for approximately all of Findi's mkt cap and up 5x over past year, but has a more volatile business and operating in markets where there is far less growth and a very cloudy line of sight to return of capital, yet the HC board is swamped and analyst and punter coverage is far higher. Hopefully if Nicholas can keep doing presos that spell out the valuation gap then we can hopefully see a rerate and convert some of those ZIP and other less compelling fintech investors.

Expand

I also hold ZIP and enjoyed some nice bags have dropped FND on zip's chat a few times.

FND Price at posting: $4.48 Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

STM

Sunstone hits gold and silver in "new areas" at Limon, Ecuador, ahead of MRE for project

The Rising Tide: How institutional adoption is shaping the future of crypto

CC9

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

PEC

Continuous high-grade REEs of up to 6,327 ppm bode well for Perpetual's Brazilian footprint

EMC

Everest Metals inks first resource at Mt Edon for nearly 8,000 tonnes with prices at US$1,000+/kg

There are more pages in this discussion • 14 more messages in this thread...

First 16 Last

Add FND (ASX) to my watchlist

(20min delay)
Last $3.50		Change 0.080(2.34%)		Mkt cap ! $170.3M

Open	High	Low	Value	Volume
$3.44	$3.55	$3.44	$75.32K	21.59K

Buyers (Bids)

No.	Vol.	Price($)
1	871	$3.48

Sellers (Offers)

Price($)	Vol.	No.
$3.51	720	2

View Market Depth

No.	Vol.	Price($)
1	871	3.480
2	2667	3.470
1	750	3.460
5	4856	3.450
2	4684	3.440

Price($)	Vol.	No.
3.510	720	2
3.520	1967	2
3.530	940	2
3.540	1375	2
3.550	2560	2

Last trade - 11.00am 21/08/2024 (20 minute delay)

FND (ASX) Chart

I also hold ZIP and enjoyed some nice bags have dropped FND on...

Sunstone hits gold and silver in "new areas" at Limon, Ecuador, ahead of MRE for project

The Rising Tide: How institutional adoption is shaping the future of crypto

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

Continuous high-grade REEs of up to 6,327 ppm bode well for Perpetual's Brazilian footprint

Everest Metals inks first resource at Mt Edon for nearly 8,000 tonnes with prices at US$1,000+/kg

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

I also hold ZIP and enjoyed some nice bags have dropped FND on...

Top Stories

Sunstone hits gold and silver in "new areas" at Limon, Ecuador, ahead of MRE for project

The Rising Tide: How institutional adoption is shaping the future of crypto

Chariot locks in high-potential drill target at Black Mountain, one of the USA's largest lithium landholdings

Continuous high-grade REEs of up to 6,327 ppm bode well for Perpetual's Brazilian footprint

Everest Metals inks first resource at Mt Edon for nearly 8,000 tonnes with prices at US$1,000+/kg

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News