@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.
--
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.
--
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
- Forums
- ASX - By Stock
- Ann: Star Striker to Acquire Leading Fintech Provider Intiger
@Whishy Same conclusion. MW has done a 'Super' deal! 16819370...
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18.5¢ |
Change
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Mkt cap ! $31.34M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 43500 | 18.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.0¢ | 18475 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 20000 | 0.185 |
2 | 20150 | 0.180 |
1 | 17142 | 0.175 |
1 | 75000 | 0.150 |
1 | 14280 | 0.140 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 18475 | 1 |
0.210 | 41477 | 1 |
0.230 | 32564 | 1 |
0.250 | 10000 | 1 |
0.270 | 27985 | 1 |
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