FINDI (FND) Indian ATM and Fintech business

[Sideshow Bob]

Nothing revealing on HC.....best explanation was the below:

I think you're right though that it probably isn't someone selling with inside knowledgeable. The volume is too low and remaining sell orders too small to suggest someone big seeking to exit, but the selling has also been so aggressive today that those selling/sold seemed determined to exit or possibly also the trading today has triggered a series of stop loss orders.

[Rawz]

This trading makes no sense to me. I’m not sure what games are being played but it just looks and feels very strange

[Rawz]

Hopefully get the FY25 guidance next week sometime. I’m expecting a material uplift in ebitda.

[Rawz]

Good day today with FY25 guidance just around the corner 👀

[Rawz]

Incredible write up about Findi:

https://dmxam.com.au/blogs/findi-a-r...trip-to-india/

In it they discuss a potential $1b TSI market cap when it lists on the Bombay exchange in 2026. FND own 80% of TSI so FND worth $800m or 4x from here.

Explains the big jump today

[Sideshow Bob]

Thanks for sharing Rawz.

I was reading in one of their recent updates that they had had to trim their FND position with the increasing share price, in order to keep their portfolio in balance under their rules.

The opposite of the old mantra of "cut your losers, let your winners run....'

[Rawz]

Yes DMX have been trimming all the way up. Im pretty sure i remember reading they started trimming at under $2 per share... so they have left a lot of money on the table. They cant let it run like we can. Must think about diworsification.

[Sideshow Bob]

Yes DMX have been trimming all the way up. Im pretty sure i remember reading they started trimming at under $2 per share... so they have left a lot of money on the table. They cant let it run like we can. Must think about diworsification.

One advantage private investors have over funds......

[Rawz]

Announcement (stocknessmonster.com)

AICC Fintech Australia presentation from Findi. Notice a big change from previous presentations. this time there is a big focus on FINDI-Pay. Not a lot about the ATM side of the business.
This follows the DMX India tour and blog about the valuation difference TSI will achieve when it lists on the Bombay stock exchange as a full service financial hub vs ATM business.

FY23 number of merchants 8,773
FY24 number of merchants 28,111
FY25 number of merchants 60,000 (guidance)

FY25 guidance must be coming next week.
Happy holder

[Sideshow Bob]

Released after market close Friday. Look forward to Monday morning.....