Findi Limited

ASX:FND

Findi Limited

ASX:FND
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$1.640 (+5.8%)
Last close price
#537
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1
Held by
17
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Forum Topics FND FND Thoughts on FND?

Pinned straw:
jcmleng
Added 12 months ago

@raymon68 , @TomS @Jimmy , wondering what your latest thoughts are following the 1HFY25 announcement, which was a shocker, masked in a lot of "positive" language, and the smashing of the FND price since.

Have put FND on my watchlist from ~$4.50 to see it run away, hard. Then the crash since Fri, which allows for a revisit.

I am still trying to get my head around FND - it is a company of "contradictions" if I may call it that:

Given the India focus, where banking is/isnt in India and the sheer white space to be conquered, the growth runway looks really long. Digital payments is exciting.

But I can't quite get my head around deploying and maintaining ATM machines ((when we are killing them as fast as we can here!), the sole-India focus and then the FY25 outlook which is heavily 2HFY25 dependent, never a great thing ...

Unfortunately, the price of admission to high growth companies is some short-term drama of sorts and the uncertainty that goes with that vs the long term opportunity!

Appreciate very much what your thoughts are on FND, in whichever direction!
Jimmy
Added 12 months ago

@jcmleng I actually took what I hope is an opportunity and picked up a few in the dip below $5.00. They're putting the 1H material miss down to the restrictions placed on cash transactions during the election however they're saying that cash transaction levels have/are returning to normal. This being the case...and I currently have no reason to doubt...I'll be continuing to buy cautiously under the $5 mark with the intent to build up a ~5% position from a current 2.32%.

I still consider these guy's high risk however the growth runway is significant and for myself its well worth holding a position.

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