FINDI (FND) Indian ATM and Fintech business

[Sideshow Bob]

Here you go Rawz:

https://cdn-api.markitdigital.com/ap...08793-3A642790

https://cdn-api.markitdigital.com/ap...08794-3A642791

[Rawz]

Here you go Rawz:

https://cdn-api.markitdigital.com/ap...08793-3A642790

https://cdn-api.markitdigital.com/ap...08794-3A642791

Thank you! Headline numbers look great

[Sideshow Bob]

Thank you! Headline numbers look great

Rocketship mode enagaged (again).

[miner]

Good call guys

[Sideshow Bob]

Rocketship mode enagaged (again).

Rawz, Rawz are you still conscious mate??

Up 26% for the day.

I think you gone from ‘well positioned’ to ‘REALLY well positioned’!

That $4 was a bit of a dream but not far away now.

[Sideshow Bob]

Bit worried about Rawz……

I think he’s knocked back a celebratory 6 pack of craft beer, and feeling a bit under the weather??

[percy]

Bit worried about Rawz……

I think he’s knocked back a celebratory 6 pack of craft beer, and feeling a bit under the weather??

Champagne surely.?

[sb9]

Champagne surely.?

With some caviar surely.
Pretty happy with my holding which I got in bit late around 1.50, not complaining though, this has got lot more legs to go imo…

[Rawz]

Excellent result, huge result..! I won’t get a chance to read it in depth until the end of the week unfortunately, due to work travel.

Fundamentals point to a big re-rate. I see they are giving FY25 guidance in 3 weeks time. Clearly setting us up for a big surge now and then another when we get that guidance.

So much to like, my ideal company; strong balance sheet, good news up cycle and soon to be strong forward guidance (I’m hoping).

Still cheap. I can see $6 by Xmas.

Now just need 2CC and TWR to complete the trifecta

[Rawz]

Okay I have read the presso and this is a huge BUY. FND can re-rate to 10-20x ebitda multiple which may seem crazy but that’s what its peers are trading on. So can 2x..3x..4x.. your investment.

The thing is not only is it due a rerate but the ebitda is still going to grow. The SBI contract roll out, redeploy the brown label ATMs to white label, atm transaction fee increases, acquisitions, new contracts. It’s all there in front of us, just read the presentation. This is why I say maybe 4x your money from here if it all goes perfectly.

If you think about the current secure ATM contracts, net cash on the balance sheet, cash flow positive & npat positive, it is a very low risk investment with huge upside. Worth a big bet still and I’m fully loaded and comfortable. The only thing that can ruin me is fraud.

The unknown is Findi-pay. They didn’t really provided any $$$ on it. Is it profitable? We don’t know, unless I missed it.

I’m very bullish so someone needs to come in and put forward the bear case please, to settle me down lol

3 weeks time they will announce FY25 guidance, imo if you are thinking of buying you would want to do it before this time.