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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Finseta Plc | FIN | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 1.00 | 3.03% | 34.00 | 08:00:02 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 34.00 | 34.00 | 34.00 | 34.00 | 33.00 |
| Industry Sector |
|---|
| SOFTWARE & COMPUTER SERVICES |
| Top Posts |
|---|
Posted at 21/1/2025 10:10 by thepopeofchillitown Managed to join the investor presentation for some of the questions that were posted. Summary of answers below. Please correct me if you were also on the call, and I've made any errors.Customer number split is 60/40 corporate to HNWI. Corporates transact daily and monthly with HWNIs a couple of times a year. However, it's the introducer network that is the growth focus.No divi. Cash will be used to grow company. No dilution shares needed.Net cash £600k after £2m loan paid back next year.Confident of meeting 2025 forecasts.100m revenue target. Confident this can be achieved in relatively short time scale and they grow products and geographically. |
Posted at 17/1/2025 11:42 by adamb1978 Given I've been bullish on FIN, I thought I should post that I've sold after the TU this week.2024 figures were underwhelming resulting from the Q4 miss and my initial reaction was that the share price would therefore be volatile in 2025 and not advance as much as I previously thought when I was expecting the results to be a lot better. The trigger to move from that view to selling though was the CFOs comments on the VOX interview when she said that she couldnt confirm the market forecasts for growth as yet until they were operational in different markets. That comment puts downgraded figures (from £14.1m t/o and 3.1p EPS) for FY25 on the table as a distinct possibility (still growing but possible not as much) whereas 3-4 days ago I was thinking that we'd have much better growth even beyond those market forecasts. I still think FIN is a good company, but I could see the price stuck mainly trading between 30p and 40p this year. Q4 this year should record decent growth on Q4 2024 but the Jan 2026 TU is the probably the first time when there might be confidence of >3p EPS, but equally its possible that we could have 2025 EPS of 2.5p if the company guide Shore Cap lower. If that Jan 2026 confirms >3p EPS, I could see the potential for moving beyond that trading range and longer-term I think there's a the potential for moving well beyond that level. At the moment though, we dont have much evidence that the CEOs £100m revenue target, or even half that is credible, and *I think* there's the possibility that we see a 30p share price this year (or maybe a bit below briefly) at which point I'll become a buyer again, assuming current market expectations are confirmed. All the best for holders! Adam Adam |
Posted at 16/1/2025 09:07 by purchaseatthetop Popeetc. H1 of each year is always lower than H2. I simply think revenue growth has slowed to a crawl. There is no real need for FIN. I bank my business with Revolut and they do everything that FIN does.Strange that they did not explain these explanations in the accounts. Don’t you think. Where they are checked and approved as being correct. |
Posted at 15/1/2025 13:10 by alex k Your comment only makes sense if he was costing FIN £2M a year every year, including from July 24 onwards. But there's no reason to assume that. Seems to me that the SBC is already done and dusted and recognised in 23 so the 24 figures are shown without the SBC which is better for comparison purposes because this costs won't come up in 25 either. |
Posted at 13/1/2025 09:23 by adamb1978 There tend to be more TUs on Tues-Thurs rather than Mon and Fri so would see what the next 3 days brings.I'd be very surprised if we dont have an update from FIN this week |
Posted at 03/1/2025 15:21 by z1co dorian12 , like your post 127 from the other thread:++++++++++++++++++++ dorian1211 Sep '24 - 07:56 - 127 of 190 0 3 0 On the £100m revenue target the CEO said it was very realistic but wouldn’t give a price target. But the CFO then stepped in and said that FIN were currently trading on about 2x trailing revenue and that you would see a higher multiple with sustained delivery. And that other companies in the sector have higher multiples. That suggests she sees a market cap of at least £200m if they reach £100m revenue. It certainly looks like they can manage the growth with current resources and profits so the share count shouldn’t rise. They’ve even said that it’s likely they will buy back shares to cover the shares to be issued from the management’s share options. £200m would be a £3.50 share price. A revenue multiple of 3 and a £300m valuation would be £5.20. ++++++++++++++++++++ |
Posted at 03/1/2025 10:49 by adamb1978 Hi ZicoYes, and with the lumpiness in Q4 I can understand why there wasnt one in most of H2. We should see EPS in the 3p-4p range I think. The level of the beat will impact how much the price flies on the day - I have a little spare cacpity up to my max position size in FIN so toying with adding now or waiting til the announcement. Adam |
Posted at 03/1/2025 08:20 by z1co Small cap expert Simon Thompson of IC is also a big fan of FIN , his article after the interim results:Earnings momentum undervalued at this payments company It seeing strong demand for its services and is boosting profitability, too Earnings momentum undervalued at this payments company Published on September 10, 2024 by Simon Thompson |
Posted at 11/12/2024 13:01 by slogsweep EQLS bid up to 140 does that mean FIN should be revalued? |
Posted at 04/9/2024 13:52 by fft The uncertainty surrounding EQLS must be having an impact. EQLS shareholders were expecting 170-175, but the indicative offer (not firm) of 135p after 1 year hasn't even got financial backing yet (!). Current price is about 114p so it would appear the market is sceptical even about 135. CSFS / FIN are the same sort of business although FIN are smaller (good or bad ?).As with ALPH who reported today, interest makes up a sizable % of profits. ALPH are on a P/E of 12 with interest and 22 without interest. How will interest rates change in the next 12 months and how does FIN compare to that ? |
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