Finablr Share Discussion Threads

[letmepass] 07/10/2020 01:21

Jonny the wise one, uber no profit but a multi Billion dollar company... How does that work

[shirley83] 07/10/2020 01:19

Nothing much to do but wait and see. I heard there was a takeover coming. The Saudi royal family involved as well. Bodes well for a lot of upside from the lows. In 3 years could be hitting the IPO price

[letmepass] 07/10/2020 01:13

Looks like clueless Jonny is short or bought at the IPO and sold out at a massive loss. Always one. Great news and a great time to reenter when it re-lists. Wait for the new institutions buying in. Price on entry 25p

[jonnybig] 06/10/2020 21:45

Fin said last April the debt was materially higher than previously reported. What are you banging on about turnover for? Why do you think the company is for sale? Because it's swamped in debt, turnover is irrelevant, many companies have gone bust despite huge turnover, do you want me to list them all?

Doesn't bode well that the buyer is a company which itself has never reported a turnover as yet, so the purchase price most likely to come out of prisms shareholders' own pockets so don't expect tens of millions, you are living in cloud cuckoo land.

[lakeside 67] 06/10/2020 21:05

Penny a share you must be joking pal this company has got huge turnover even in its processing arm . I'm a little hurt that shareholders have not been told exactly what's exactly going on that's it . Goodluck all holders

[shares188] 06/10/2020 21:04

At Last!!!

[jonnybig] 06/10/2020 20:46

Don't agree. I reckon the company will be sold for peanuts. That's why it was put up for sale in the first place, because it was knackered with the extra debt. Talk in the offer rns was about how good it is for the company's existence and its employees, not what the shareholders might salvage. Penny a share my guess.

[letmepass] 06/10/2020 20:37

Looks like a few Shorters will be having sleepless nights... Great news here for those holding

[zen12] 06/10/2020 19:53

What happens when the monies are paid back by ex-bod and directors. They're properties and assets are siezed in India and UAE...so sooner or later the culprits will have to return it.If we consider this...this could be one hugh deal for prism.

[lakeside 67] 06/10/2020 19:29

1.3 billion in turn over was predicted 4 this year b fore covid . But why aren't share holders told about this that's my only concearn

[zen12] 06/10/2020 18:06

CEO game changing deal..great news for shareholders?".. We are honoured to be involved in this game-changing transaction in the Middle East."

[lakeside 67] 06/10/2020 17:37

Indian man no good needs locking up

[crowshott] 06/10/2020 16:49

Also all those involved with listing on the LSE since it looks like that all shareholders were duped or were misled with the numbers which were audited or not as the case is. Which company was involved with the listing. Need to find a good firm who are willing to do it without any charges for class action. NO win no fee basis.
I would class action needs to do done each firm involved at the time of the listing and since than inc the auditors who signed of the Feb 2020 accounts?



JPMorgan, Barclays and Goldman Sachs acted as global coordinators for Finablr’s IPO. Bookrunners included Bank of America Merrill Lynch, EFG Hermes and Numis. Evercore acted as financial adviser.
At the time of all the above were involved, now no where to be seen? I have assume that once the fees were paid no one is interested?

[farrugia] 06/10/2020 15:27

the auditors and directors involved need to be sued in the form of a shareholders class action lawsuit.

[farrugia] 06/10/2020 14:21

i'm not sure it will be anything at all - doesn't Finablr also have a huge amount of hidden debt that was discovered after... just like NMC Health. I've said it again and again - why is Shetty still not in jail is mind-boggling.

[letmepass] 06/10/2020 11:21

Listed at 175 p. Can't see it being anywhere near that

[lakeside 67] 06/10/2020 10:41

New company surely must b formed they still had revenue without travelex of 430 million growing on a low double digit basis . Were c but I'm like everyone else hoping goodluck all shareholders

[jonnybig] 06/10/2020 09:52

Knack all. 90 per cent wipe out on the average holding i reckon. Lucky anything at all and not liquidated. The buyer prism advance solutions has only recently been incorporated so no accounts to view. Their 3 directors are tarek alwazzan, Amir nagammy and guy rothschild

So a new company buying them out. What's that smell?

[lakeside 67] 06/10/2020 09:36

Saved by the bell but how much is it worth to us shareholders ?

[jonnybig] 06/10/2020 09:05

An unknown private company buy out. Bet this goes for less than 10p a share.

[intheknow69] 06/10/2020 08:33

Is this good for shareholders or not as my holdings has vanished from my HL account?

[zen12] 06/10/2020 07:41

Finablr PLC is pleased to announce that it has received an offer from Prism Advance Solutions Limited ("Prism") for the purchase of 100% of the share capital of Finablr Limited and its subsidiaries ("Target"). After due consideration the Board has approved the offer and the Company will proceed to negotiate a share purchase agreement with Prism documenting the terms of the transaction and seek shareholder and regulatory approval. Prism's offer has three key elements that will see this transaction successfully completed within four weeks subject to all legal approvals being obtained: a) restructuring and settlement of the debts of the Target and its subsidiaries; b) provision of working capital for the Target and its subsidiaries; and c) Prism restructuring the board of the Target and its subsidiaries.