FINDI (FND) Indian ATM and Fintech business

[Rawz]

Agree with Rawz, have to be aware of the wider global macro trends for sure, but that Indian market is very different and even if some sectors/demographic groups do change there is a large portion of the population that will be reliant on cash for the near future.

Very modestly valued currently with plenty of upside. Only 40.7m shares on issue currently (which will change with the options), so today with a market cap of about $40m AUD.

Market cap of $40m and FY24 guidance of $23.6m EBITDA. FND has to be the most undervalued stock in Australia.

Not only is the market cap completely off the current fundamentals it has priced in zero upside. So as more people become aware of FND current investors will see this fairly valued and then multiple expansion. The double engine dream