Findi Limited

ASX:FND

Findi Limited

ASX:FND
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$2.96 (-3%)
Last close price
#80
Rank
3
Held by
9
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Valueinvestor0909
Company Report
Last edited 4 years ago
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#25
Performance (63m)
3.1% pa
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#GOV Contracts
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Valueinvestor0909
Added 5 years ago
View author's company report

https://www.tenders.gov.au/Search/KeywordSearch?keyword=Cloudten

 

https://www.cloudten.com.au/government/

#ASX Announcements
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Valueinvestor0909
Added 5 years ago
View author's company report

Latest update : https://www.asx.com.au/asxpdf/20190715/pdf/446m34pl1mtxx0.pdf

  1. Operating Cash flow positive and improving since last 2 years
  2. 1.3m net cash flow forecast for sept quarter.
  3. No funding required to meet C10 payments obligations
  4. Potentially sale of indian ATM business at some stage - latest valuation 9m
#Bull Case
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Valueinvestor0909
Added 5 years ago
View author's company report

Booming sector within IT industry at the moment,  TSN has acquired two of the profit-making business in this sector Cybersecurity (DWX) and Cloud services (Cloudten).

Cloudten is Australian AWS partner with rapidly growing along with Amazon web services demand - recently attained DevOP competency ( it remains one of the most accredited Australian partners.