11p getting hammered, expecting a strong rise into close, great consolidation after crossing 14p this morning |
It's the funds they need for a banking licence application But maybe this is why they are joining a bank because they have no intention of applying for licence They are quite poor at coms and their presentation is an old one and hasn't been updated |
All this talk about raising money for the banking licence
.. This then makes them a BANK, it's not like a raise needed to drill some holes in a risky country with a binary outcome!
check out the market cap of other Fintech BANKS's
not rocket science to see where this is going |
Market makers have satisfied their buy order, now let the fun begin up to 15p to close.🚀€640;🚀㉀0;🚀 |
Good top up opportunity imho |
Added a little more |
Lots of buys on LV 2 |
That was fast seem to be now nt to sell |
TernOn the as well, dyor |
Won't take much to get back to 13p |
Too late 12p gone |
Can't buy any great amount at 12p soon be back over get em while you can! IMHO |
Moving back up now |
Too late bmw manMore selling pressure now evident on L2 |
Company profileFiinu PLC is a digital banking platform intended to unbundle overdraft solutions without needing to switch banks. The company offers led interest income, deposit margin banking infrastructure provider and helps to manage budget or those short-term unexpected costs, in a simple and responsible way, thereby assisting individuals with short-term unexpected expenses while maintaining financial prudence to reshape banking into a hassle-free, transparent, and efficient journey. |
Down to only 12% up, and fast to go nearly 20% up.
Any selling, quickly getting bought. 👍 |
INVESTORS CHRONICLE REPORTS - TERN PLC - 22 pence ANALYST TARGET |
1.4m buy at Tern, price moving
A 20% investment called Device Authority this month confirmed that Microsoft/CyberArk is releasing a joint software package aimed at automovile sector sometime this month
People noticing?? |
What a great day! GLA! |
Start to creep back up now. |
Hilarious post on lse about some hearing 8 banks have approached fiinu What a pleb They have an agreement with 1 bank which wnt be disclosed 12 months exclusivity for fiinu to show the bank it worksSo maybe in near 12 months they may get something For now they have little cash and will need to raise funds |
0.7m of cash as at june 2024Loss of 0.24m Banking licence fundinf £30-42m neededCurrent mcap 34m |
Overall, a sponsor bank supporting one million consumer accounts and 300,000 commercial accounts could generate more than $40 million in revenue annually-roughly $15 per consumer account and $71 per commercial account.So assuming this and a P/E of 8 we should be at £240m mcap on one customer.Annual running costs of supporting the customer is about $2.5mThis is just the first....Also 8 is very conservative, Fintech i usually 15-20x revenueThat puts it at £450-600m mcapCurrent mcap £35m. |
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