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4c due out by end of month so will see if the numbers stack up....

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joepodgy

133 Posts.

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16/10/19

23:17

Post #: 40920342
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Originally posted by AltInvestor: ↑

Hi All,

Can someone provide an sanity check opinion on whether my understanding is correct on my analysis based on the FTC Financial snapshot presented at the 2019 AGM dated 19th September 2019 (2019 AGM Investor Presentation)

For Financial Year ended MARCH 2019 - Revenue RMB 44,185,839 (A$ 9,228,780) based on fix fee terms

1) Implemented new Commercial Terms since March on pp3 "At least 2 basis points of the total transaction amount processed by T-LinxTM - FTC’s service revenue (since March 2019)."

2) Since April, 2019 FTC is processing CNY200mdaily and charging 0.02-0.03% on the volume = CNY4m - CNY6m ($0.8m - 1.25m) daily revenue. Note: This continues to grow with the addition of a new contract - Gaoyong Country Union.

Revenue: Projecting this for 6 months April - Sept, 2019 period (182 days) = CNY 728m - CNY1.092Bn ($152m - 228m)

The difference for the whole FY2019 of $9.2m compared to April - Sept of $152 - 228m is HUGH!
Given the current share price of $0.155 on 16/102019, what did I misunderstand from the information provided??

Thanks, AltInvestor

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4c due out by end of month so will see if the numbers stack up. I also want to buy more but waiting for confirmation too.. ISX 2.0

FTC Price at posting: 15.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.7¢		Change 0.000(0.00%)		Mkt cap ! $11.06M

Open	High	Low	Value	Volume
0.0¢	0.0¢	0.0¢	$0	0

Buyers (Bids)

No.	Vol.	Price($)
1	57888	1.7¢

Sellers (Offers)

Price($)	Vol.	No.
1.8¢	5420	1

View Market Depth

No.	Vol.	Price($)
1	57888	0.017
1	40000	0.016
1	100000	0.010
1	100000	0.008
2	220000	0.007

Price($)	Vol.	No.
0.018	5420	1
0.020	16666	1
0.025	281836	2
0.030	6197	1
0.034	30000	1

Last trade - 16.12pm 06/05/2024 (20 minute delay)

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