Findi Limited

ASX:FND

Findi Limited

ASX:FND
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$4.56 (-1.3%)
Last close price
#61
Rank
4
Held by
19
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Forum Topics FND FND Thoughts on FND?

Pinned straw:
jcmleng
Added 3 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 3 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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