Finablr Share Price (FIN)

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Share Name Share Symbol Market Type Share ISIN Share Description
Finablr Plc LSE:FIN London Ordinary Share GB00BJ7HMW26 ORD 1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 10.48 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Software & Computer Services 1,124.96 -34.73 73
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 10.48 GBX
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Finablr (FIN) Latest News

Finablr News

Date Time Source Headline
02/1/202112:22ALNCPRESS: Barclays In USD130 Million Claim Against NMC, Finablr Founder
29/12/202012:13ALNCIN BRIEF: Finablr CEO Resigns As Takeover By Prism Group Progresses
29/12/202007:30UKREGFinablr PLC Appointment of new Chief Executive Officer
17/12/202019:37ALNCUK TRADING UPDATE SUMMARY: Polar Capital Adds GBP1.2 Billion To Assets
17/12/202007:30UKREGFinablr PLC Update on transaction of Finablr Limited
06/11/202018:41UKREGFinablr PLC Change of Registered Office
06/11/202013:23UKREGFinablr PLC Change of Registered Office
15/10/202018:15ALNCIN BRIEF: Finablr Confirms Still In Talks With Prism Over Takeover
15/10/202006:58UKREGFinablr PLC Update on Proposed Transaction
06/10/202018:09ALNCFinablr Agrees To Takeover By Prism Advance Solutions
More Finablr News
Finablr Investors    Finablr Takeover Rumours

Finablr (FIN) Discussions and Chat

Finablr Forums and Chat

Date Time Title Posts
16/1/202115:08Travelex owner1,511
15/11/201308:40 ҉ Infinis Energy PLC - Leading Generator of Renewable Power ҉ 28
19/11/201021:58Franchise Investment Strategies plc2
08/6/200408:42Interview: Finspread's Angus Campbell, Tues 8th June 9am5
28/11/200217:31Wheres Finmac??-

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Finablr (FIN) Top Chat Posts

DateSubject
20/1/2021
08:20		Finablr Daily Update: Finablr Plc is listed in the Software & Computer Services sector of the London Stock Exchange with ticker FIN. The last closing price for Finablr was 10.48p.
Finablr Plc has a 4 week average price of 0p and a 12 week average price of 0p.
The 1 year high share price is 139.70p while the 1 year low share price is currently 3.22p.
There are currently 700,000,000 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Finablr Plc is £73,360,000.
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17/12/2020
08:09		letmepass: Previously... 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"). Now its just finablr Ltd. What are the subsidiaries?
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17/12/2020
08:03		h2owater: Thursday 17 December, 2020 Finablr PLC Update on transaction of Finablr Limited RNS Number : 9796I Finablr PLC 17 December 2020 THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF EU REGULATION 596/2014. 17 December 2020 Finablr PLC (the "Company") Update on transaction of Finablr Limited Background Further to its announcement on 6 October 2020, the Company today announces that it has entered into a definitive agreement with Global Fintech Investments Holding AG ("GFIH"), an affiliate of Prism Group AG ("Prism") to sell to GFIH the entire issued share capital of Finablr Limited, the Company's wholly owned subsidiary. Finablr Limited owns the entire remainder of the Company's group (the "Target Group" and the "Transaction"). The Transaction will constitute the sale by the Company of its entire business and operations. Prism has formed a consortium with Abu Dhabi's Royal Strategic Partners ("RSP") in connection with the Transaction, as further described below. Terms of the Transaction The completion of the Transaction is subject to customary conditions, including the receipt of certain regulatory approvals. In return for the transfer of the Target Group to GFIH, in addition to the nominal initial consideration of US$1 payable, GFIH is providing working capital support to the Target Group to enable it to continue to operate and to support various stakeholders in the Target Group, including employees and creditors of the Target Group. In addition, GFIH will undertake to support and facilitate the Company's continued efforts to recover funds from third parties in respect of possible historic wrongdoing within the Group. In this regard, subject to certain conditions, the Company and GFIH have agreed that GFIH shall pay to the Company, by way of additional consideration, a further amount equal to 25 per cent of any such funds received by the Target Group from third parties, up to a maximum of US$190,000,000. GFIH has also agreed certain provisions with the Company relating to the coordination of efforts to investigate possible historic wrong doing within the Target Group. The Company intends to use the nominal consideration and any further consideration received to return value to its creditors, followed by its shareholders. Given the circumstances of the Company and the fact that absent the proposed funding from GFIH the Company will have insufficient working capital the Board of the Company believes that the Transaction is in the best interests of the shareholders of the Company. Strategic rationale Prism has formed a consortium with Abu Dhabi's RSP to rescue and rebuild the UAE-based financial services company, Finablr. Together, Prism aims to work with all stakeholders to revitalise the Target Group, which was a core pillar for cross border financial services in the UAE, providing currency exchange and remittance solutions that supported thousands of businesses and millions of customers around the world. Prism and RSP are building a highly experienced executive management team to help lead the proposed transformation of Finablr. Through this transformation, Prism intends to create a world-leading, financial services platform for the emerging and frontier markets. Prism and RSP believe they have a strong network within the key public and private sectors, which will bring tangible value and support to our all stakeholders including clients, employees, regulators, suppliers and third-party vendors. Prism and RSP are working with established advisors to help find the optimal solution for the near-term and long-term benefit of the Target Group. Prism has retained Kirkland & Ellis, White & Case and Druces LLP as legal counsel, and a global restructuring firm as financial advisers. Prism and RSP look forward to engaging with all stakeholders in connection with the proposed restructuring of the Target Group. END
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28/11/2020
11:48		thebutler: The only relief for FIN shareholders will be this dead dog being taken off their portfolio. Anyway, I thought there was an investigation into the extra "unknown" debt? Whether it actually "belongs" to FIN? If so, how can there possibly be a takeover if there is such an ongoing investigation? What happens if prism do take over then hey presto the extra debt is proved fraudulent and FIN has no liability meaning the new owners got it on the cheap? This can of fish smells fishier than the smelliest fish on a past sell by dated fish market. Fishy indeed. But whatever happens FIN shareholders will get zero. Cod or haddock, anyone?
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30/10/2020
13:48		thebutler: FIN announcement on 15/10/20: "...... will involve only nominal consideration being paid to Finablr plc" Definition of the word "nominal": "(of a price or charge) very small; far below the real value or cost. "they charge a nominal fee for the service"" Shareholders = wiped out
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09/10/2020
07:13		jonjones777: Letmepass - search "FINABLR Share Price Chat", click on it. Come back and apologize...
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09/10/2020
06:53		jonjones777: Or rather search "FINABLR Share Price" instead of "FIN Share Price" to make sure the browser doesn't confuse it with Finnair Plc results. The rest remains the same.
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08/10/2020
18:03		jonjones777: I am sorry but you guys are completely deluded if you think you are going to receive any meaningful offer from this company. They've been treating shareholders like s#it for quite some time and i'm afraid this time is not going to be any different. They are a bunch of thieves and liars. BOD / owners lost all credibility months ago. What we are witnessing now is another daylight robbery and there is absolutely nothing you can do about it. “BRS Investment Holdings, a investment company for B.R. Shetty, controlled about 65.3 per cent of Finablr,” said Vijay Valecha, Chief Investment Officer at Century Financial. “The owner of UAE Exchange had defaulted on $300 million of worth of loans in the first quarter and some serious accounting issues were also uncovered. “Under these circumstances, Shetty or his personal creditors - institutions that have given loan against pledged shares - are unlikely to be a beneficiary of any corporate transaction. In any case, when debt is restructured, it is the creditors who get the priority, and not the shareholder. “In this case, Shetty, or for that matter any other common share holder, will be paid only after the debt is settled. Given the magnitude of Finabr debt, the common shareholders are not likely to be left with anything.” Rotschild / Israeli involvment says it all - they will milk it dry giving you a 1000 reasons of why the offer is so low. They are not some benefactors coming here to rescue the company settling all the massive debts and making shareholders happy in the process. They are who they are for a reason and they are here for one reason only - to take predatory advantage of the desperation and make as much dough as possible. Christmas won't come early I'm afraid. We might get some pocket money at most but it will be an absolute minimum.
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16/3/2020
07:49		azuli: KeywordCompanyEPIC/TIDMSEDOL/ISINNews PriceAnnouncementsFundamentalsNewsArticleRSS Finablr PLC (FIN) Add to Alerts list   Print    ;  Mail a friend Monday 16 March, 2020 Finablr PLCHolding(s) in Company RNS Number : 1893G Finablr PLC 16 March 2020   TR-1: S tandard form for notification of major holdings   NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and ;to the FCA in Microsoft Word format if possible) i 1a. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attached ii : Finablr plc 1b. Please indicate if the issuer is a non-UK issuer   (please mark with an "X" if appropriate) Non-UK issuer 2. Reason for the notification (please mark the appropriate box or boxes with an "X") An acquisition or disposal of voting rights X An acquisition or disposal of financial instruments An event changing the breakdown of voting rights Other (please specify)iii: 3. Details of person subject to the notification obligation iv Name MIC Capital Partners (Public) Parallel Cayman, LP (Fund)   MIC Capital Partners (Public) (US) IM, LLC (Fund Manager) City and country of registered office (if applicable) Grand Cayman, Cayman Islands 4. Full name of shareholder(s) (if different from 3.) v Name City and country of registered office (if applicable) 5. Date on which the threshold was crossed or reached vi ;: 12 March 2020 6. Date on which issuer notified (DD/MM/YYYY): 14 March 2020 7. Total positions of person(s) subject to the notification obligation % of voting rights attached to shares (total of 8. A) % of voting rights through financial instruments (total of 8.B 1 + 8.B 2) Total of both in % (8.A + 8.B) Total number of voting rights of issuer vii Resulting situation on the date on which threshold was crossed or reached 3.40 0 3.40 700,000,000 Position of previous notification (if applicable) n/a n/a n/a   8. Notified details of the resulting situation on the date on which the threshold was crossed or reached viii A: Voting rights attached to shares Class/type of shares ISIN code (if possible) Number of voting rights ix % of voting rights Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) Direct (Art 9 of Directive 2004/109/EC) (DTR5.1) Indirect (Art 10 of Directive 2004/109/EC) (DTR5.2.1) Ordinary shares (Fund) 23,818,504 0 3.40 0 Ordinary shares (Fund Manager) 0 23,818,504 0 3.40 SUBTOTAL 8. A 23,818,504 3.40     B 1: Financial Instruments according to Art. 13(1)(a) of Directive 2004/109/EC (DTR5.3.1.1 (a)) Type of financial instrument Expiration date x Exercise/ Conversion Period xi Number of voting rights that may be acquired if the instrument is exercised/converted. % of voting rights SUBTOTAL 8. B 1     B 2: Financial Instruments with similar economic effect according to Art. 13(1)(b) of Directive 2004/109/EC (DTR5.3.1.1 (b)) Type of financial instrument Expiration date x Exercise/ Conversion Period xi Physical or cash settlement xii Number of voting rights % of voting rights SUBTOTAL 8.B.2         9. Information in relation to the person subject to the notification obligation (please mark the applicable box with an "X") Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer xiii X Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entity xiv ;(please add additional rows as necessary) Name xv % of voting rights if it equals or is higher than the notifiable threshold % of voting rights through financial instruments if it equals or is higher than the notifiable threshold Total of both if it equals or is higher than the notifiable threshold MIC Capital Partners (Public) Parallel Cayman, LP (Fund)   3.40 0 3.40 MIC Capital Partners (Public) (US) IM, LLC (Fund Manager)   3.40 0 3.40 10. In case of proxy voting, please identify: Name of the proxy holder The number and % of voting rights held The date until which the voting rights will be held 11. Additional information xvi   Place of completion London Date of completion 14 March 2020   This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.   END
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03/2/2020
14:40		bulltradept: I/C has it as a sell: Shares in Finablr (FIN)* plunged by a quarter on the news that stock representing 56 per cent of the group has been pledged as collateral for borrowings. The 392m shares have been committed by BRS Ventures & Holdings Limited – a company owned by Dr Bavaguthu Raghuram Shetty, who founded Finablr as well as NMC Health (NMC). The latter has recently been the subject of a Muddy Waters' short report. FIN:LSE Finablr PLC 1mth Today change -9.81%Price (GBP) 74.50 The borrowings raised by BRS Ventures date from March 2016, and were used to refinance an acquisition facility relating to the purchase of currency exchange business Travelex in January 2015. The original amount of the borrowing has been reduced by sums received from Finablr’s initial public offering (IPO) in May 2019, and other cash flows of entities belonging to the BRS group. Finablr’s market value hit a new low in response. Sentiment had already been knocked by the newsflow around NMC, not to mention the disposal of 40.5m shares in the group by two investors earlier this month, in a transaction designed to reduce the sellers’ “outstanding indebtedness”. The investors in question – Saeed Mohamed Butti Mohamed Khalfan Al Qebaisi and Khaleefa Butti Omair Yousif Ahmed Al Muhairi – simultaneously offloaded 31.2m shares in NMC. A cyber-attack also hit Travelex on New Year’s Eve, leading it to take all of its systems offline. Finablr’s other brands were unaffected. In a statement following the announcement about BVR’s share pledge, Finablr said that its operations continue to function as normal. It added that the cyber incident is in the process of being resolved, has no impact on its 2019 results and is not expected to have a material impact on its performance in 2020. The group has sought clarification from BRS about the pledge disclosures. “BRS has reassured the company around the level of security represented by its shareholding in Finablr and the discussions that it has had with its banking group around repayment/refinancing of the loan as well as the other collateral sources should these be required”. IC View At 94p, Finablr’s shares trade well below their 175p flotation price. This usage of stock as security for a loan just adds to the bad news that has emerged in recent weeks - albeit co-chairman Michael Tomalin did buy 30,000 shares for £28,035 on 28 January. We’d be inclined to steer clear for now. Sell. Last IC view: Hold, 174p, 20 Aug 2019 *This article was updated on 28/01/2020
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26/1/2020
12:43		alamaison5: The FIN share price has gone down by over 50% in the last 6 months. The 56% security request by BRS comes short of the original loan value. BRS is certainly not going to recover the loan money by selling these. Anyway, they can't. Only if FIN goes bankrupt... FIN share price will rise on Monday but my guess is that it will fall straight back...to 100p? MMs like round numbers. Let's not forget about the hacking which has badly damaged FIN's reputation. And cost them money, even if THIS useless RNS on Friday says otherwise.
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