Trading halt followed by the release of FY24 results brings order to the trading behavior as investors can objectively assess the past operations and future prospects before placing orders.
Based on a number of factors, such as, other ATM related businesses in India had a decent FY24, the decent cash balance plus positive OCF would have enabled FND to reduce their debt, the ongoing investor tours, probable announcement of dividends, commencement of SBI ATM conversion to WLA etc., the results/outlook should paint a very prospective future.
The only disappointment may be the FindiPay uptake!!
FND Price at posting:
$3.04 Sentiment: Buy Disclosure: Held
