FINDI (FND) Indian ATM and Fintech business

[Rawz]

Investment webinar today.

- Aquisition's close to being announced and to be fully funded by current balance sheet. Aquisition's include ATM and digit businesses.
- Findi-pay close to breakeven at 60,000 merchants. Forecast to be profitable at 100,000 merchant level. Still in investment phase.
- SBI contract roll out fully funded by current balance sheet. Roll out to occur second half of this year.
- Old SBI ATMs to be converted to white label ATMs. Again they say its full funded by current balance sheet.
- Indian IPO target still CY2026.

Overall things still tracking well and no capital to be raised anytime soon (apart from the remaining options).
One can see EBITDA doubling in the next 2 years if you look at SBI contract and white label forecast numbers.

[Rawz]

The ATM business looking pretty good right now with this global outage.

Cash still has its uses

[Sideshow Bob]

Starting to challenge $4 rather than $5.

Bought a handful more this morning.

Youtube link to the ShareCafe preso - https://www.youtube.com/watch?v=t31z6lxr_1g

[Rawz]

Starting to challenge $4 rather than $5.

Bought a handful more this morning.

Youtube link to the ShareCafe preso - https://www.youtube.com/watch?v=t31z6lxr_1g

It's been a solid drift down since $4.93!!

[Sideshow Bob]

It's been a solid drift down since $4.93!!

The drift continues.....$3.81 in early trade.

Never go in a straight line, but surprised to see a 20% pullback from the peak, with no news.

Whether a few are locking in gains and then hoping for a cheaper re-entry point?

[Rawz]

The drift continues.....$3.81 in early trade.

Never go in a straight line, but surprised to see a 20% pullback from the peak, with no news.

Whether a few are locking in gains and then hoping for a cheaper re-entry point?

reminds of that other big pull back. $3.40 down to $2.20 low of the day (closed higher). something like that.

Like you say it is on no news. So no need to react to the SP movements. Lots to look forward to:

FY25 guidance
Acquisitions
findi-pay growth

the SP can be volatile both ways to be fair. Wasnt that long ago it raced to $4.90

[Rawz]

Omg its in free fall down to $3.60 as i type

This is a big buying opportunity imo.

I sold 20% of my holding around $3.30 a few months ago and regretted it ever since. I'm going to buy them back.

The only reason for a big sell off that i can think of would be the white label license not being formalized. And somehow this has been leaked? (FND typically hasnt been a leaky ship)
Otherwise i cant think of anything negative to see the SP fall so far.

[winner69]

Is it just coincidence that FND share price started falling after Modi and his party didn’t win the election by a big enough margin to get a majority

I vaguely remember reading a comment that this wasn’t what the fintech industry wanted …vague enough not to recall detail.

[Rawz]

Is it just coincidence that FND share price started falling after Modi and his party didn’t win the election by a big enough margin to get a majority

I vaguely remember reading a comment that this wasn’t what the fintech industry wanted …vague enough not to recall detail.

Punters on HC saying industry peers going up in value. Which would mean election result isnt affecting the industry.?

[percy]

https://cdn-api.markitdigital.com/ap...3c24897ef2837d