Member Info for KnockinOnHeavens

Thanks

KOH

Fair play adzy2k11, i was wrong a bout FIN.

Didnt predict the fraud and scale of damage to liquidity by coronavirus. Fundamental analysis is worthless when financial position reported isnt true.

KOH

Disappointing news re liquidity. Looks like the company has been hit really hard in the recent months by cyber attack and coronavirus. The relatively good news is that "the Board has been reassured that the Company has no undisclosed related-party transactions or unrecorded on or off-balance-sheet financing arrangements", looks like pure liquidity issue.

Yes, the SP is down but not for the reasons majority here panicked about. Being right for wrong reasons is called luck, not knowledge. You can only make an assessment with information available at a given time. Now we have a new information that will undoubtedly will have to be taken into consideration.

KOH

Castaway

RNS on 9 march clearly states:

" the Board has received confirmation from Dr B.R. Shetty (Co-Chairman), Mr. Binay R. Shetty (Director) that the information set out on page 283 of the IPO Prospectus about the shareholding levels of BRS Investment Holdings 1 Limited, BRS Investment Holdings 2 Limited and BRS Investment Holdings 3 Limited was accurate and complete and that Dr. Shetty and Mr. Binay Shetty are presently the beneficial owners of 459,579,041 shares, representing 65.65% of the Company."

and

" Dr. Shetty and Mr. Binay Shetty have also confirmed to the Board that, prior to the 24 January 2020 disclosure, none of these shares, nor any other shares in the Company held beneficially by the Shetty-family owned entities, had been pledged as security"

So he clearly confirmed that he still owns all his shares and that they haven't been sold or pledged as security as at 9 March 2020. Of course you have all the right to be distrustful and wary but why do I believe he is telling the truth? Because in contrast to 1 or 2 months ago now he knows well he is in the middle of active FCA investigation and a huge NMC scandal and the last thing he would like to do is to go on record on 9 March and publicly lie when everybody's watching. He wouldn't be shooting himself in the foot like that if he was hiding something here....Think about it for a second. The fact that he confirmed his holding in such a difficult moment makes me believe that FIN is clean and he has nothing to hide here and all he's trying to do clear the air and bring more confidence back in here. Unfortunately recent NMC ricochet reached the target again.
The other thing is the recent senior executives' purchases: CEO, CFOand & Non Exec were all buying FIN shares big time at 170-180p two months ago in December (just before Christmas, coronavirus, cyber attack and muddy waters report). They clearly weren't aware of anything dodgy going on in the company otherwise they wouldn't be spending tens and hundreds of thousands on company shares and most likely purchased it knowing about solid sales numbers achieved in Q4 (on top of excellent 183m EBITDA in the first 9 months) and clearly sensed the value and expected the shares to go up. Tomlin purchased even more at 93p this year.

I do believe that FIN is clean and really suffers because of owner's involvement in NMC, cyber attack and coronavirus in the same time. Give it a few months. IMO.

KOH

Specialonek

You clearly misunderstood the nature of the transaction (pledged shares). All it means is that BR Shetty provided guarantee and pledged his PERSONAL shares in FIN in order to allow FIN to take a loan to purchase Travelex. If (for any reason) company defaults on the payment one day, the bank will take Shetty's PERSONAL shares and become the owner of FIN (including the Travelex and all other companies within the group). Shetty will lose PERSONALLY, not the company.
This is NOT the same pattern as NMC where NMC (the company) provided guarantees against the debt of other entities.

Please don't spread misinformation.

Thank you
KOH

Specialonek

Well, that's your opinion and you are entitled to have one. I have stated my reasons on multiple occasions here and not i'm going to try to convince you. You can do whatever you think is right and that's fine. I don't subscribe to the NMC panic. This is a separate legal entity that is suffering greatly due to the association of its owner with NMC. That's all. Fear, panic, lack of reason, emotions, suspicions, uncertainty driven opinions. Certainly not facts. In fact, the market is overreacting about the same thing over and over again, something that was already priced in a long time ago!
Some facts:

- FIN was never under any scrutiny
- FIN's accounting practices were never questioned
- FIN was never investigated
-Shetty's confirmed shareholding
-Shetty's confirmed absence of other pledges against FIN shares
- Confirmed EBITDA of 183m in thefirst 9 months of the year
- Travelex systems FULLY recovered
- Cyber attack related hit equal to around 1 month (!) worth of EBITDA to be mostly covered by insurance
- The company successfully floated last year meeting all requirements
- There is no evidence to assume that the law has been broken at FIN (not to be confused with NMC)
- Many seniors (CEO/CFO/Non Exec were buying FIN shares at 170-180p 2 months ago in December. They clearly weren't aware of anything dodgy going on in the company otherwise they wouldn't be spending tens and hundreds of thousands on company shares

The whole travel related industry are down 50% because of coronavirus panic atm. The rest is just panic selling. Panic and lack of confidence. The situation may be very different once YE results are out, NMC investigation concluded and coronavirus is under control. For now, I rather stick to the facts and the facts so far are that this is hugely oversold for no real reason and in light of the known and confirmed facts to date. Screaming BUY at these levels (if you dare).

I'll catch you all after the summer, we'll talk about the value here. For now, it's pointless really.

KOH

Adzy2k11

Read my previous posts, clown.

We'll talk about value in a few months here, for now the best you can do you is to focus on spreading more temp fear. I dont subscribe to the temporary groundless panic fuelled by you and your likes and stick to it.
We'll talk about value here around / after summer time once there is more clarity re NMC, annual results are out and more clarity re coronavirus provided.

Hope you made a few pounds here, judging by our last converation at NMC you clearly dont know much about fundamental analysis you shorting fear spreading halfwit little scum ;)

KOH

HeresHopin

Definitely, the best outcome for holders here and that is what I want. I'll catch you in a few good months once the dust settles.

Best
KOH

PS. for the record - I bought more today.

KOH

HeresHopin

Sure and I hope you will come back and apologize to me too, if it doesn't.
For now I'll stick to the known facts and you can stick to fear driven opinions or whatever drives it now.

I'll catch you around summer time , be sure to be here.

KOH

HeresHopin

Will chat in a few months.

KOH

FYI ALL re adzy2k11

I completely discredited adzy2k11 on NMC chat over the weekend, poor thing is coming back trying to spread more fear here. He's full of incorrect information and ALWAYS appears in the moments of panic.

CLEAR AGENDA. BEWARE.

KOH

Let me put it this way:

I don't (and never have) subscribe to your PANIC especially in the middle of the period driven by another PANIC (coronavirus). Let's leave it at that for now. We can have a conversation in a few months. For now, you are free to read more from those doing their best to link it to NMC here (strangely appeared this afternoon). The choice is yours. I'm off for now, I'll catch you on FIN chat around summer time once NMC is sorted / more clarity re coronavirus confirmed and full YE results are out. I don't think your investment horizon is the same as mine.

For now, enjoy the panic (and take advantage of it if you dare)

All the Best
KOH

The 65% owner on FIN has near enough committed fraud
___

Any specific evidence, our clown? Or you just continue to spread groundless fear here?

Beware all, clear agenda here. He always appears around panic time.

KOH

maybe*

Fredr

" Just pretending it is business as usual is not enough!"

Well, may IT IS business as usual and you just panic seeing NMC?

KOH

Hereshopin

They are because you are in fact panicking over THE SAME THING over and over again! Some facts for you (FACTS, not suspicions, fears and uncertainty driven opinions):

- FIN was never under any scrutiny
- FIN's accounting practices were never questioned
- FIN was never investigated
-Shetty's confirmed shareholding
-Shetty's confirmed absence of other pledges against FIN shares
- Confirmed EBITDA of 183m in thefirst 9 months of the year
- Travelex systems FULLY recovered
- Cyber attack related hit equal to around 1 month (!) worth of EBITDA to be mostly covered by insurance
- The company successfully floated last year meeting all requirements

The whole travel related industry are down 50% because of coronavirus panic atm. The rest is you (and others) simply sh#itting your pants because of fearful unconfirmed associations with NMC situations. Shetty's founded and successfully grew tens and hundreds of companies, accounting irregularities in one that he founded 30 years ago and wasn't even actively managed for years doesn't automatically mean they are all dodgy. It's your fear that is speaking, not your reason.
I rather stick to the facts and the facts so far are that this is hugely oversold for no real reason. Screaming BUY at these levels.

KOH

adzy2k11

You such a fear spreading clown, there is no ground to suggest that at all.

KOH

Fredr

The reality is that you cannot judge a company just because on of his ventures is under investigation, you can't judge a person only because "his brother" was sacked in another company etc. Yes, FIN is suffering big time at the moment because of owner's involvement in NMC but reality is that:

- FIN was never under any scrutiny
- FIN's accounting practices were never questioned
- FIN was never investigated
- etc etc

Following your logic we should now question ALL companies that were audited by Ernst & Young last year because thy failed to detect inconsistencies on NMC's balance sheet and that should result in panic selling.....Apart from PANIC and FEAR of association with NMC there is absolutely nothing tangible that would suggest FIN's accounts are mistated in any way....Unfortunately until NMC situation is sorted and investigation fully concluded FIN will suffer and take huge beating every time NMC releases another RNS.....

Unfortunately we can only wait now, suspending the shares atm is probably not a bad idea considering the unjustified beating it takes every time now....

KOH

I think it just did. Unfortunately people will be linking these two together until NMC nonsense is sorted.

KOH