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 01:00:00
Bid Price Offer Price High Price Low Price Open Price
0.00 0.00 0.00 0.00 0.00
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 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 3.22p and a 12 week average price of 3.22p.
The 1 year high share price is 228.40p 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.
cashlike: Issue here as I understand it is the Travelex Travellers Cheques part of the business, I don’t understand it fully but once a financial debt threshold has reached the Travelers Cheques payments has to be secured which means to continue normal trading to either having to refinance, find a buyer to bring in more operating Income or by default bring in administrators. This is where as I see it, Finablr maybe looking at what it needs to do to stop a default position, going by the share price drop, other options are failing and trading is down the pan currently so going into administration is increasingly likely to protect the cash reserve guarantee. The RNS issued is another way of saying that very soon it’s game over! Anyone else on here who understands the traveler cheque operation maybe be able to explain better....
bc4: Dave444 this tells you why there has been no bounce in FINS share price these people are not to be trusted Supply chain financing arrangements NMC HEALTH The Review Advisers have identified supply chain financing arrangements that were entered into by the Company and which are understood to have been used by entities controlled by Dr B.R. Shetty and Mr Khaleefa Butti Omair Yousif Ahmed Al Muhairi (the "Related Parties"). Under these arrangements, suppliers to companies owned by the Related Parties were paid by certain credit facility providers and, while those companies are responsible for settling the amounts payable to the credit facility providers, the contractual obligation rests with NMC, which has also provided a guarantee in the event of non-payment or default These arrangements were not disclosed to, or approved by, the Board and were not disclosed as related party transactions in accordance with the Listing Rules. The arrangements were not reflected on the Company's balance sheet nor reported in the Company's financial statements for the financial year ended on 31 December 2018. Prashanth Shenoy, the Company's CFO, has been granted extended sick leave. In the course of their work to reconcile NMC's cash balances and net debt as at 15 December 2019, the Review Advisers have identified potential discrepancies and inconsistencies in the Company's bank statements and ledger entries. The Committee and the Review Advisers are investigating these matters and seeking to determine the materiality of the discrepancies. As a result of these issues and a belief that the independent review has been obstructed, one member of the Company's treasury team has been suspended pending completion of the independent review. The Board is reviewing whether other individuals have been involved and will take action as appropriate. Further, the Board has removed Mr Prasanth Manghat from his position of Director and CEO of the Company with immediate effect.
mister md: new FT article 5th Feb: NMC Health founder eyes a return to embattled group 77-year-old entrepreneur BR Shetty ‘looking to buy out Emirati partners’ Mr Shetty stepped down as NMC’s chief executive in 2017 but remains the largest shareholder. On top of the NMC share price decline, he has also been hit by a sharp decline in the value of his other main business, financial services group Finablr, which has fallen more than 60 per cent in the past few weeks. One person briefed on Mr Shetty’s strategy said the businessman had made the Abu Dhabi government aware of a potential plan that would see him partner with new investors to buy the shares owned by Emirati investors Saeed al-Qebaisi and his relative Khalifa al-Muhairi, who control a stake of about 24 per cent in NMC.
mister md: A broker to Finablr has cut its target share price for the struggling foreign exchange group below the level at which it was floated less than a year ago. Analysts at JP Morgan Cazenove said that last week’s large share pledge by the founder of Finablr, whose businesses include Travelex, had increased the overhang on the shares. The bank has cut its rating from “overweight221; to “neutral”; and its target price to 150p from 190p, below the 175p-a-share float price. ____________________ '=> surely some value here at 80p ???
rhatton: Have to love the media “ A broker to Finablr has cut its target share price for the struggling foreign exchange group below the level at which it was floated less than a year ago.” ‘Struggling217; well if and we shall see the FY results stack up then it’s not struggling at all. Share price yes but business no
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 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.
dearg doom: Don't believe the shares held as security are locked up and can't be sold. The holder of the security surely can do what they like, if the conditions of the loan are broken. Indeed, likely at a minimum, they may already have the right to sell any shares to cover interest payments and some capital repayments. The other option, open to the security holder is where the share price of the collateral falls substantially to be able to sell to protect themselves. Since we don't have access to the loan documentation, it is open to speculation. A couple of thoughts cross my mind, was whether the IPO was overpriced and even after today's fall represents just fair value. If the security holder was to offer a majority share in the company in the morning to a third party, would it be at a premium or a discount price to current 96.5p? I was hoping when I caught the knife today, I had bought an initial position in a company for a number of years, very cheaply, based on existing shareholders irrational response. The persistent pounding of the share price without relief so far is a concern. The fact the directors bought at a higher price, reconfirmed expectations in a trading update, just about on balance makes the shares a speculative buy, rather than cheap. A long weekend ahead, reading better-informed investors' views.
alamaison5: Finablr shares fell to a record low after its billionaire founder pledged almost his entire stake in the business as security against a loan. Bavaguthu Raghuram Shetty, who owns almost 63 per cent of Finablr, offered up a 56 per cent stake as collateral for a loan taken out by his BRS Ventures & Holdings vehicle five years ago, which it used to buy Travelex. Finablr’s shares lost 35¾p, or 27.4 per cent, this morning to sit at 95p, its lowest price since it floated last spring. Before the release of a report by the short-seller Muddy Waters last month the shares had been changing hands for more than 200p. The company’s torrid morning helped to spare the blushes of Marston’s, which had been sitting at the bottom of the FTSE 350 after its share price fell 8½p, or 7.3 per cent, to 108½p. Analysts rushed to cut their profit forecasts for the pubs group after it warned that the upcoming increase in the minimum wage would put a dent in its bottom line. From April, hourly pay rates for over-25s will rise by 6.2 per cent to £8.72. That was higher than Marston’s expectations of a 4.5 per cent rise. As a result the company cautioned that costs in the second half of its financial year, which runs until the end of September, would be up to £3 million more than originally estimated. RBC, the Canadian investment bank, said that Marston’s would be able to offset some of that cost increase with “selective price rises”, although it probably would not be able to introduce those until next year. The wider market remained unscathed, with the FTSE 100 surging 116.52 points, or 1.6 per cent, to 7,624.19. The mid-caps also got in on the action, pushing the FTSE 250 higher by 191.65 points, or 0.9 per cent, to 21,732.21. Sentiment among investors was lifted by the World Health Organisation’s assessment of the coronavirus outbreak in China as not yet a global emergency. London stocks also received a boost from the latest flash purchasing managers’ index, which came in well ahead of expectations and showed that the British economy had climbed to a 16-month high after last month’s election. The market is pricing in a 54 per cent chance that the Bank of England will nudge rates down to 0.5 per cent. This weighed on sterling, which dropped to below $1.31 against the dollar. Contrarian investors, presumably part of the 46 per cent, took a gamble that Mark Carney and co would leave rates unchanged and backed Royal Bank of Scotland, which analysts reckon would be the most exposed to any cut. Shares in RBS, which is majority-owned by the government, moved 7½p, or 3.4 per cent, higher to 226½p.
hnicholls3: marketanalyst1... Whilst you may be right in the share price rebounding, some of your points are irrelevant/already known: - The shares were already in lock up post the recent secondary offering - Main issue: 50% of the shares of the company are collateral for a loan. The shares have halved so there is not enough collateral for the loan. Typically, these shares would have to be sold in the market on margin call. However, it gets messy as these shares are in lock-up... The further the share price drops, the bigger the issue so it can be a self fulfilling scenario. I would suspect an RNS post close which may help, but lets see...
aquaesulis01: Nice RNS from NMC and market reacting accordingly; Nothing to hide there i.e. no fishy stuff! Announcement of Independent Review NMC Health plc (LSE: NMC) states that, following the attack on the Company last week, we issued a detailed rebuttal and are disappointed with the very material and, we believe, unwarranted share price reaction. Our independent Audit Committee and our new independent Disclosure Committee respectively monitor and review disclosure and financial reporting to ensure that it is accurate and complete. In addition to this ongoing governance structure and the statements we have made to date to provide additional reassurance to shareholders, the Company will be commencing an independent third-party review, undertaken by a leading accounting firm, to review the assertions made by certain third parties. This independent review will be overseen by a committee made up of a majority of Independent Non-Executive Directors of the Company, which is being formed. We are confident that this review, when complete, will be entirely confirmatory of the disclosures provided by the Company to date. We will also be progressing relevant legal and regulatory options following the actions taken by third parties to mislead the market and manipulate the share price. The Company believes that the current share price is not a fair reflection of the value of the Company which has a consistent track record of strong growth and cash generation. We will keep investors updated as we progress these initiatives in the coming weeks.
Finablr share price data is direct from the London Stock Exchange
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