SP trading has been strange. Kept getting sold down early morning to $1.90 ish but would finish the day at $2. Did this a few days, i just thought it was tree shaking stuff or games by bigger players. I have no idea of the full extent of those games that are played,,, just know what ive read on STr and HC on different companies.
Anyways maybe the volume wasnt enough and now its been bid up to get more people to part with their shares.?
Im happy to hold for another few years while the ATM contracts are secure and see what is made of findi-pay division and white label licence (if issued). Could be $5-$6 per share all going well based on modest EBITDA growth and 8-9x multiple applied
Jeez rawz …it was only about $1 when you told me to have a punt on FND
Should have listened to you mate
Well done on your new found riches
I was unsure of myself so came to you and a couple of other wise masters to see your thoughts lol.
Lucky i backed myself.
Best thing is i told my dad after i took a position and sent through the research i did. He put some funds in and made $15k realised profit. For him thats a lot of money so im happy i was able to help the old boy out. He can buy a few pints at his local with that.
I was unsure of myself so came to you and a couple of other wise masters to see your thoughts lol.
Lucky i backed myself.
Best thing is i told my dad after i took a position and sent through the research i did. He put some funds in and made $15k realised profit. For him thats a lot of money so im happy i was able to help the old boy out. He can buy a few pints at his local with that.
Digital payments and financial services provider Findi Limited (ASX: FND) (Findi or the Company) is pleased to announce the appointment of Alastair Williams as the Company’s Chief Financial Officer (CFO), effective 1 March 2024.
Mr Williamsis an experienced CPA with a Masters Degree in Commerce. He has recently been the CFO of an Electricity retailer and before that was a Partner at boutique accounting and finance firm, Clarendon Partners.
In addition to day-to-day duties as CFO, Mr Williams is being tasked specifically with supporting the Board and our Indian subsidiary with listing in India.
The Company has agreed to offer Mr Williams (or his nominee) 565,000 options pursuant to an Employee Share Option Plan to be adopted by the Company. The agreed terms of the options are below:
• 120,000 unlisted options with an exercise price of $2.50 vesting 12 months from the date of appointment;
• 175,000 unlisted options with an exercise price of $3.00 vesting 24 months from the date of appointment; and
• 270,000 unlisted options with an exercise price of $3.50 vesting 36 months from the date of appointment.
After recent SP action it's not actually that far to be in the money on the 1st tranche of options!!
I believe in incentives and so yes this guy will be doing everything he can to get the SP up up up. He'll no doubt want big % gains on his $3.50 options....
I dont think $4 is unreasonable some point later this year. Ive seen some long term valuations based on modest EBITDA growth at $6+ per share.
Some guy post on HC today that TSI India's (FNDs subsidiary) competitor AGS Transact Technologies have a EBIT loss of $11m yet have a market cap of $195m...
Vs FND market cap of $108m and EBITDA guidance of $24m
Originally Posted by Rawz
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