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22-05-2024, 08:07 AM
#151
Might see 4 handle today to sp, while news get digested and big boys draw their bows on the back of it.
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23-05-2024, 09:21 AM
#152
Will wait for FY25 guidance and take ebitda and x that by 9 and that will be my new target price. Will know it will be conservative and subject to upside pending new contract wins, acquisitions etc.
I’m a bit of a simpleton when it comes to valuations
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23-05-2024, 02:00 PM
#153
the reason why ebitda is the one to watch is because the ATMs are depreciated so quickly vs their actual life. I dont have my head around it all and need to wait for the final report. But basically FND have told us they will last 12 years but for whatever reason they are depreciated as if they last 5-6 years.
Plant and equipment $41,593k
Depreciation $9,847k
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23-05-2024, 08:03 PM
#154
 Originally Posted by Rawz
the reason why ebitda is the one to watch is because the ATMs are depreciated so quickly vs their actual life. I dont have my head around it all and need to wait for the final report. But basically FND have told us they will last 12 years but for whatever reason they are depreciated as if they last 5-6 years.
Plant and equipment $41,593k
Depreciation $9,847k
Good point. If we halve depreciation to reflect actual rather than accounting value, and consider net cash, EV/E multiple is only 15x, but some adjustment needed for minority interests. With one contract covering current earnings for at least 4 years, strong top and bottom line growth is almost guaranteed.
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24-05-2024, 12:27 PM
#155
 Originally Posted by DarkHorse
Good point. If we halve depreciation to reflect actual rather than accounting value, and consider net cash, EV/E multiple is only 15x, but some adjustment needed for minority interests. With one contract covering current earnings for at least 4 years, strong top and bottom line growth is almost guaranteed.
yes this is how i see it as well. Earnings will grow with any new contracts, flagged transaction fee increase and flagged acquisitions as the market consolidates. Then there is findi-pay which is you- the dark horse findi-pay has huge potential.
So 15x estimated multiple is not unreasonable for now even though management are telling us compared to their listed competitors FND is way undervalued.
Looking forward to guidance which will be issued in a few weeks. Then looking forward to seeing how the rest of the year plays out.
Chairman Smedley is a major shareholder and working hard to maximize our returns
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27-05-2024, 01:40 PM
#156
Not having a good day today......down 11% currently on perhaps slightly higher than average volume.
No news I can see but something must have spooked some holders?
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27-05-2024, 02:18 PM
#157
 Originally Posted by Sideshow Bob
Not having a good day today......down 11% currently on perhaps slightly higher than average volume.
No news I can see but something must have spooked some holders?
I feel likes its been volatile since the white label announcement took the SP down to $2.50? Then up to $3.90 on FY numbers now down to $3.50. FY25 guidance coming up soon. Cant see any reason to sell until that drops.
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27-05-2024, 02:53 PM
#158
I expect it is just noise - intraday it can be up/down close to 10% through the day.
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27-05-2024, 03:04 PM
#159
Bigger trade (about 48k) just went through at about $3.20
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27-05-2024, 03:21 PM
#160
I tried googling ATM india, TSI india, FND india lol... nothing popping up. Not sure what's going on...
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