This valuation above for Findi is only valuing the 2 existing contracts and their brown label license.
Based on a recent presentation of their chairman, there are 2 potential elements which could lead to an increase of the earning potential for Findi :
- potential new ATM contracts (which would be for 2,000 to 3,000 ATM, while their 2 existing contracts related to 4,219 ATM and 2,550 ATM) while they say that they have a significant pipeline of contracts,
- new WLA license (expected before the end of the calendar year) which would have a significant effect : increase the life of their existing ATM (from 10 to 14+ years), increase the margin (as they would keep all the interchange fees) and improve the cash flow as they would be paid immediately when a transaction occurs, while they have to wait now 60 to 90 days to be paid by banks.
I just wonder how the banks would see the fact that they get a WLA license, as it would mean that they become competitors of banks ATM (that they manage now under the brown label license).
- Forums
- Lounge
- Fund managers
Fund managers, page-1224
-
- There are more pages in this discussion • 248 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online