||ORD USD0.0005 (DI)
||EPS - Basic
||Market Cap (m)
|Software & Computer Services
Techfinancials Share Discussion Threads
Showing 9826 to 9849 of 9850 messages
|Yes I got worried about the general markets and am afraid took a quick profit here a couple of weeks back.
Haven't looked since I sold.
Will look again.|
|Re TECH. I got very lucky here and made a decent turn in a week or so on a small holding. I got out because I could not really understand the accounts and the jv and have been further put off by the rns correcting the eps numbers, a huge and very basic error!
I am itching to get back in as I think binary betting markets will be huge but I also very nervous about the complexity of the jv agreement. Anyone have any thoughts?|
Transcript from the latest podcast
"Explaining what CloudTag is, Amit responds that they are a digital health platform IOT company who come up with sensors and are measuring certain body outputs, currently focused on heart rate with electrodes and have decided the future for them is to lock on to a sector rather than one device for everybody and are mastering the huge weight loss industry as it’s the largest in the sector and most talked about as governments and private insurance companies are sweating paying out because of people who are overweight, leading to chronic diseases, such as type 2, cardio vascular and not to mention amputation, unfortunatley."
|Guys - I took a stake in this company on 12/9 based on the results.
The key to the growth of this company in 2016 is the development of their JV with optionfortune. The terms of the JV as detailed in the RNS are fiendishly complicated and as one of the posters said before, I also would not pretend to fully understand it.
So I have taken the worst case scenario and worked out some numbers.
- total issued and diluted shares currently number 66.5m
- this number does not include the treasury shares, 3.9m, held in escrow for the optionfortune JV
- so the total diluted number of shares at worst is 70.4m
- the company has declared a diluted eps of 1.88c for the HY
- by including the escrow shares, this comes down to 1.78c
- as another poster said, the broker forecast for the full year is only 1.11c
- it therefore transpires that the company has made more in HY1 than the broker estimate for the full year
- So that takes me to the prospects for HY2. After listening to the TV broadcasts and interviews posted on its website, the company appears very bullish about their prospects with optionfortune on the B2C side, and new contracts signed on the B2B side.
- my take is that they will make at least eps of 2.0c for the FY2016, against a current broker forecast of 1.11c
Now for the health warning. There are lots of assumptions in my note above, the more "iffy" being the JV terms & conditions. Also this is a company registered in the Cayman islands and operating from Cyprus, and run by Israelis. The red flags are obvious. The regulatory winds are against this type of business, viz binary options and CFDs. On the other hand the Asian market for these kind of products is huge and growing.
FWIW my view is that this is very high risk/ very high reward proposition. I will stick with it for a few months and be prepared to bail out at the first sign of dodgy dealings.
All IMO and please DYOR|
One of us is on the wrong page!|
|Interesting RNS today - Hardman & Co have published a free report on Real Good Food, and the link is:
After reading, IMHO valuation looks OK but those hoping for 70p are going to have to be very patient, at 37p to buy this looks fairly valued to me.|
|Just read the original announcement of jv again.
Dont pretend to fully understand it still but a key point is
The Partner will transfer its trading platform activity and all other intangible assets related to its operation to the JV. Assuming the JV produces US$2 million of net profit in calendar year 2016, TechFinancials will issue to the Partner's shareholders a number of TechFinancials Inc. shares held in escrow worth US$1.54 million, at a price equal to the share price at the time of TechFinancials admission to AIM (27p), or the average price over 30 days prior to the closing date of the JV agreement, whichever the higher.
The key point being that the minimum value assumed for the shares will be 27p, nearly double todays price.|
|Anyone know this company well or have a brokers note? What is the relationship between Dragon and Tech, any common shareholders?
I took a small holding a week or so back as looked interesting but admit that as I do not have a clue what all this means I should probably dump them.
Having said that Christopher Bell as non exec chairman gives it some credibility.|
|Check out note 7.
Dilution is assured for shareholders, reflected in the big attribution to non-controlling shareholders.|
|yes on the return to profitability...that's what counts in these markets imo|
|If they have bond holders, they may be in front of regular shareholders. I am just dropping this in, I have no clue it this is the case here. Niven update, GLA to all holders|
|Of the profit of $ 1.2 mio, it mentions that $0.448 mio is attributable to the 'owners of the company' while the balance of $ 0.804 mio is attributable to 'non-controlling' interests.
Am I right in understanding that the full profit is earned by equity shareholders of TECH, since they use the $ 1.2 mio figure for the EPS calculation? Can't quite get my head around it.|
|Yes good to see, solid trading return to profitability and ongoing growth. Can't ask for much more imo (except a blue day on the markets)|
|EPS positive again.|
|EPS Positive.....great results imo|
|...and there we have it !
A great turnaround
June 2016 1,591
compared to last years 6 months 100.
Outlook very reassuring as well.
|On 27 July 2016 the Company considered the agreement as null and void as the conditions of the execution of the contract were not completed due to a breach by the Partner. TechFinancials is considering legal action against the Partner for violations, which include but are not limited to failure to transfer the initial investment amount. The Company believes that this resolution will have no material impact on the results for the current financial year.
On 8 July 2016 the Company's subsidiary has been fined by the Cyprus Securities and Exchange Commission ("CySEC") for the amount of 138,000 Euros. The fine was disclosed as a contingent liability in the financial results for the year ended 31 December 2015 (see also note 25 to the 2015 annual report which relates to certain regulatory breaches and for the period reported).|
|STRANGE to sell before news....
guess everybody has their own reasons though I am looking forward to the next update..|
|Oh hi BG!
I am so unused to anybody posting here.
Yes the numbers would appear to be very encouraging for the results.
I think the word 'surge' was used by one analyst!
I am looking forward to their announcement,could be any day now.
|Good to see you plugging away here hazl. I have a few of these tucked away too hoping for good no.s this month. Like the look of the chart for a bowl shaped recovery to 40p should their forward guidance be ok. Reckon the share price is just running along the bottom now waiting for an excuse to rise and living up to the bullish trading statement should just do it imo.|
|INFO FOR THOSE that are interested in
TECH Techfinancials Interims expected soon.|
|thankyou mick very comprehensive|
|I bought a few last week. Cypriot based, Israeli AIM binary options software company, who warned on profits shortly after listing in 2015 and are also very illiquid. What's not to like!? ;-)
On the plus side, the company seem to be recovering well after a disastrous 2015. Market cap is ~£ 8 mio and they have a growing cash pile of around ~£ 3 mio. Revenues are projected to be over USD 20 mio this year (up close to 50%) with EPS of 1.11 cents, putting them on a PE of just under 10, excluding the cash.
Very cheap for that level of growth, although I guess the big question is how reliable are future revenue streams? I'm no expert in this area, however, I understand some countries are banning or looking to ban binary options. In saying that, the company say the market is growing fast and will be around $ 30 bio this year, so obviously plenty of pie to aim at!
Interestingly, the company have also indicated they will pay a dividend of 0.5 cents per share this year, which would equate to a yield of around 3%.
The estimated earnings, EPS and dividend figures are taken from the Investor Roadshow the company did in July this year (link below from their website which also includes a couple of interviews).
Management sound confident (backed up by the proposed dividend) and I am hoping the H1 results (to be published in the next two weeks) will be the catalyst for a share price re-rating.|
|Will we have a blue start??|