FINDI (FND) Indian ATM and Fintech business

[Rawz]

Probably white label ATM license already baked into the share price.

But a fizzer......

Yeah. Must wait for FY results next month. No doubt more detail in there

[Sideshow Bob]

Yeah. Must wait for FY results next month. No doubt more detail in there

Last year about the 15th of May. So a month to wait for more.

[Sideshow Bob]

The markets a funny beast sometimes......

Confirmation of another step, confirmation of their direction of travel and down 4.7%.

[Rawz]

The markets a funny beast sometimes......

Confirmation of another step, confirmation of their direction of travel and down 4.7%.

Market saying your announcement was avg.. lol. And I agree. Too much build up with the long halt and not enough financial info.

All good. The white label pretty much guarantees the medium term growth on top of the secure revenue coming from the contracts. So still a happy holder

[Rawz]

Oh dear. Talk about a reversal of sentiment. Going to be choppy waters until next update

[Sideshow Bob]

Oh dear. Talk about a reversal of sentiment. Going to be choppy waters until next update

Hmmmm yes just login in and surprised to see a hole torpedoed in my portfolio!

Down 16% at the moment - the market giveth, the market take it away.....

Agree, looks like short term will be choppy, nothing changed longer term. Need to hold on tight until the FY report in roughly a months time.

[Rawz]

Hmmmm yes just login in and surprised to see a hole torpedoed in my portfolio!

Down 16% at the moment - the market giveth, the market take it away.....

Agree, looks like short term will be choppy, nothing changed longer term. Need to hold on tight until the FY report in roughly a months time.

A good opportunity for some to top up if they previously missed out. SP slowly crawling its way back. Not so bad now lol. Who knows where it lands.

[Sideshow Bob]

A good opportunity for some to top up if they previously missed out. SP slowly crawling its way back. Not so bad now lol. Who knows where it lands.

Crazy day…..opens at $3.12, peaks at $3.14, hits $2.38 and closes at $2.71 with about 1m or 2% of the company traded - about 4x the average.

Exactly Rawz…….who knows!!

[silverblizzard888]

A lot of it was priced into the stock, but the announcement was a delay since it comes with a condition that could take up to 6 months to fulfill, which for most don't want to wait. However at the end it does provide a solid outcome that they will get the license.

"Granting of the White Label ATM licence .. is only subject to ..submitting System Audit Report (SAR) within six months to obtain final authorisation for roll-out of WLA."

[Rawz]

They have mismanaged the communication around the white label licence. Said it is going to be issued by Christmas last year, then by end of financial year. Got both of those wrong.

When it was approved by the reserve bank and just needed to be signed off by the Mumbai bank it was “imminent”.

Then they say it’s approved but actually na one more hurdle to jump. Lol..

Just feels a bit panicky. Smeadley and co need to relax and not rush things. Let the process work itself out and just concentrate on winning new ATM contracts and rolling out Findi pay. If they do that the rest will fall into place.

My expectation is come May we see what a cash cow FND is in the FY announcement. Then later in the calendar year we see an acquisition once the white label Licence is 100% confirmed. Throw in an ATM contract or 2 and the SP will do really well.