@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!