RE: Finish12 Feb 2020 17:17
Theosus
Hugely undervalued, at today's prices it is still "Buy 1 get 1 Free" in the mid term.....The company's fundamentals are very strong, great "on target" performance in the first 9 months of the year reported on 11th November. Take out of equation the temporary drop due to cyber attack (about to be 100% restored if they haven't already) and temporary uncertainty due to coronavirus and you are left with an extremely well performing business that reported an excellent 183mln EBITDA in the first three quarters of 2019 with stock pledged as collateral which is nothing unusual in today's business and happens all the time in the world. Not a big deal at all. As long as business performs there is absolutely nothing to worry about. Market hugely overreacted again. This should never have dropped below 100p in the first place. In addition to that:
"On October 3, Finablr announced a commercial partnership with Samsung to provide international money transfer through an in-app service to 47 countries, within Samsung's native mobile wallet.
On October 22, Finablr announced a commercial partnership with Airtel Africa that will enable customers to send money from over 100 countries into Airtel Money wallets across Africa.
On October 29, Finablr announced an MOU with China Union Pay to collaborate on cross border payments into mainland China, digital wallets, digital shopping, VAT refunds and acceptance of Union Pay issued cards at Finablr managed ATM networks.
We reaffirm the guidance and outlook provided at the time of IPO and remain highly confident in the future prospects of the business."
and these still stand. One the temp issues are cleared it will fly. Can't see it below 100p for long if we get a decent update this week.
IMO
KOH