FINDI (FND) Indian ATM and Fintech business

[Rawz]

Rawz …did you see this

https://stockhead.com.au/experts/cri...-out-in-india/

Thanks for sharing. Good write up, should get punters excited come Monday

[Sideshow Bob]

FY results announcements should be any day now........

[Rawz]

Looking forward to reading about the record result and most excited to see commentary on what FY25 will look like

The SP needs some direction. Has been swinging around on low volumes

[Sideshow Bob]

Bit of a run late in the day back over $3 on better volume.

Roll on next week.....

[Rawz]

trading halt... downgrade? or friday's jump was a leaky ship and its positive?

The trading halt is requested pending an announcement by the Company to the market in relation to an update on the Company’s FY24 financial results (Purpose).

[Rawz]

Findi and their trading halts... not good for the anxiety levels lol

[percy]

Findi and their trading halts... not good for the anxiety levels lol

I read it to mean you are "well positioned."...

[Rawz]

I read it to mean you are "well positioned."...

Yes.... heavy allocation.

Listened to this podcast yesterday: TIP632: Mastermind Q2, 2024 w/ Tobias Carlisle and Hari Ramachandra - We Study Billionaires - The Investor’s Podcast Network | Podcast on Spotify

This specific episode was where a host and 2 guests pitch a stock. Hari Ramachandra pitched an Indian bank. He talked about how fast the Indian economy is growing and specifically the financial system. How the PM, Modi, was driving for all the underbanked to get a bank account and into the financial system. I couldnt help but think the entire time how I am very happy with my exposure to the Indian financial revolution (or whatever you want to call it) via FND. How all their ATMs will be a huge cash cow and how if they get traction on their Findi-pay system it will send the SP sky high.

Fun fact from the episode. All the Indian banks are trading 3-3.5x book value. HGH is trading 0.8x? Shows how excited people are about the financial space in India to reward them with such high book value multiples.

[Sideshow Bob]

Findi and their trading halts... not good for the anxiety levels lol

Haven't checked in to see what the boys on HC are saying but I can sympathise.

I reckon it is a positive announcement coming.......

[Rawz]

Current guidance issued 29 Nov 2023:

Revenue: $67m
EBITDA: $23.6m
Op cash flows: $20.6m

FINDI pay merchant stores to be at 25,000+

Smedley did say last year in an interview they were expecting to win new ATM contracts and the white label license would be issued Jan.
I wonder if they missed out on winning the contracts and due to the delay in the white label license it means guidance needs to be downgraded...

The white label revenue would of course just be deferred into FY25. Missing out on winning new ATM contracts is a different story..

Thats the downside point of view.

The upside is of course higher transaction volumes through the current ATMs, which they have said a few times the transaction volumes have exceeded their expectations. This + findi-pay merchant stores picked up from the 2000 monthly run-rate to much higher and revenue generated from these are above expectations. Last commentary is findi-pay revenue accounted for 10% of the business.

Flip a coin... See what happens. Good or bad. 50/50.
Likely we will get an update tomorrow and i wont be able to see it as ill be on plane and then in meetings. So ill likely just check the SP in the arvo and if its $2.50 ill know it was a downgrade. and if its $3.50 ill know it was an upgrade lol