The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Results for year end 2014 due by end of June , no specific date given as yet.
https://leaprate.com/2015/05/us-binary-options-deep-in-the-money-says-forest-park-bx-ceo-justin-hertzberg/ Extracts from article 'Forest Park BX CEO Justin Hertzberg reveals why exchange based binary options is the way forward, and how the recent drive toward the US market is a shrewd one.'' 'Until recently, many binary options brands and platform companies had no plans to enter the exchange-based US market, however a dramatic change has taken place and platform companies SpotOption, TRADOLOGIC and TechFinancials have all developed solutions that are compatible with Cantor Exchange and become market makers on the Chicago-based dedicated binary options venue.' 'Moreover, traders can freely use the Cantor Exchange’s API specs to develop their own market making or trading algorithms or trade through a customized front-end platform developed by industry leader SpotOption. And with plans to add trading platforms from other major platform developers like TechFinancials, and TradoLogic, the Cantor Exchange is positioning itself as the most accommodative binary options venue in the world.' While time will tell just how disruptive the Cantor Exchange will be to the U.S. binary option landscape, the investor in me thinks the Cantor Exchange will end up deep in the money.
https://group.techfinancials.com/wp-content/uploads/2015/03/234322-Topaz-CL-9-March-2015.pdf From above: In 2013, The Group reported a loss of US$353,000 on revenues of US$8.385 million, For the first half of 2014, the Group made a profit of US$266,000 on revenues of US$7,156 million.
Results for year end 2014 will be due by end of June. Emailed TechFinancials@abchurch a couple of times to get more specific dates but they were not forthcoming and was just told to be patient!
PLUS500 currently has a MCAP of c285M TECH currently has a MCAP of c17M.
LeapRate Exclusive… Binary options platform providers TechFinancials Inc (LON:TECH) has seen its shares trade down more than 25% this week, sinking below its IPO price for the first time since TechFinancials’ IPO back in March. Originally placed at £0.27 in mid March, TechFinancials had seen its shares climb to as high as £0.48 in April before settling back to trade in the mid-to-low £0.30’s for most of the first half of March. But in the past four trading sessions TechFinancials has lost about 26% of its value, with its shares closing Thursday at £0.24 – its first close below the £0.27 IPO price. So what has happened? There has been no new ‘news’ out there about TechFinancials the past week, nor anything regarding its OptionFair binary brokerage subsidiary, which accounts for about half of TechFinancials’ overall business and financials. After speaking with several London City insiders, it seems that TechFinancials’ problem is not company-specific, but rather a change in heart toward upstart online trading companies following the problems experienced by FCA-regulated Forex and CFD broker Plus500 Ltd (LON:PLUS). Plus500 shares are down nearly 50% this week, as the company has been forced to freeze UK client accounts while it works out know-your-client and money-laundering rule related issues with the FCA. There is no reason to believe that any Plus500-like issue might hit TechFinancials (nor any other online Forex, CFD or Binary broker for that matter). However stock market investors often do things in a pack mentality. And that mentality seems to be heading for the exits right now.
SP down on sentiment because there's little else to go on at the moment. Once results and/or a TU are released, then they can be judged on performance. Emailed a couple of times about date of results and was just told to be patient!