This valuation above for Findi is only valuing the 2 existing...

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).