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FIN Finseta Plc

35.00
1.00 (2.94%)
Last Updated: 10:42:39
Delayed by 15 minutes
Finseta Investors - FIN

Finseta Investors - FIN

Share Name Share Symbol Market Stock Type
Finseta Plc FIN London Ordinary Share
  Price Change Price Change % Share Price Last Trade
1.00 2.94% 35.00 10:42:39
Open Price Low Price High Price Close Price Previous Close
34.00 34.00 35.00 34.00
more quote information »
Industry Sector
SOFTWARE & COMPUTER SERVICES

Top Investor Posts

Top Posts
Posted at 13/11/2024 15:58 by thepopeofchillitown
I think this drift down is due to lack of news. I'm not saying the current volume of updates is right or wrong, but this time last year we had news every couple of months.As previously mentioned, apparently the CEO has said there won't be quarterly updates, but maybe the lack or news is being interpreted as a flat H2 by investors.
Posted at 16/9/2024 09:41 by nico115
No probs ,seen it now .Yes I appreciate that .I've sold a modicum at 40p to lock in 20pct cgt as got a huge gain .Got a large stake still and hopeful of more gains to come . ST is very shrewd . Seeing selling across Aim as investors protecting vs 45pct CGT possibility
Posted at 10/9/2024 14:55 by adamb1978
Last year there was some business which was discontinued in H2, plus they also say that HNW investors tend to do more of their investing towards the end of the year, presumably for tax planning purposes.

I'm not sure that they have too much visibility on how much H2 would typically beat H1 on a run-rate basis in any given year, other than looking at prior years plus then adjusting for new markets entered over the course of the year
Posted at 26/7/2024 17:32 by chatchat
Complete article: hxxps://www.thetimes.com/business-money/entrepreneurs/article/fintech-sokin-raises-31m-from-investors-enterprise-network-zd6lzprq0
Posted at 26/7/2024 17:31 by chatchat
Interesting post friom Masurenguy on the Equals board re Times Article

A one-time apprentice accountant has raised $31 million from investors led by the private equity arm of US bank Morgan Stanley and hired a former PayPal executive to help him build his international payments business. Vroon Modgill, founder of London-based fintech Sokin, said he believed it was the first time that a top-tier investment bank had made an investment in such an early stage financial services company. Sokin is profitable and made revenues of $11m last year, said Modgill, 37. It is on track to hit sales of $30m this year.
Posted at 10/7/2024 06:42 by dorian12
If the £1.35 Equals bid goes through (or get improved on) then things could get very interesting.£250m+ in cash would go into investors hands. Investors who like payment companies.I suspect a lot of Equals Investors already have Finseta firmly on their radar.
Posted at 26/6/2024 12:41 by mtyl1993
Hello PATT!

Good questions you have right there. To your first question, I did went through the same thought process as you do, but I neither have any good answers, nor did I openly question Hickman during our call. Nonetheless, what went through my mind was firstly, the scam cases took place a long time ago and for all you know, O'Brien had turned over a new leaf. Second, if O'Brien is incentivized, and has successfully turn the Dubai office into a major revenue driver and especially a profitable one, I'm just thinking why would the employer want to name and shame him by telling investors of his past and throw him under the bus? Doesn't reflect well on O'Brien, doesn't reflect well on Finseta as an employer as well. Which is also why it's good that such platforms like Advfn exists so that sharp investors like you can bring up the due diligence you have done. This will help us cover our blindspots and be fully aware of all risks involved.

To your second question, SBC payout is accelerated because in an earlier notice put out by Finseta, there's a change in O'Brien's compensation structure. His compensation used to be purely revenue-driven, but with the revision there's lesser focus on revenues, and more emphasis on the profits of the Dubai office. Since performance target is surpassed and beyond expectations, SBC payout is accelerated. If management can be trusted (which I believe current management can be given their strong execution), then further dilution from SBC should be very minimal. Also, recall that all-in compensation = SBC + cash salary. So personal costs (i.e. cash salary) remains all these while for the Asia team regardless SBC is accelerated or not.

Hickman also told me that Finseta "will continue to invest into the Sales and account management part of the business" so I'm expecting to see higher salary expenses (not SBC) in the next few semiannuals / years. That being said, Hickman is good at cost control so I believe margins should remain at current levels.
Posted at 26/6/2024 10:40 by purchaseatthetop
MTYL.
Therefore why not inform the shareholders? The point is that it is very relevant information for investors to know. They rather tapdanced round it in the RNS about his appointment. I think he is both the brains and money behind it all.
Posted at 20/5/2024 18:11 by eggbaconandbubble
I don't suppose we'll be getting many french investors with the new ticker!
Posted at 20/5/2024 06:45 by z1co
20 May 2024



Finseta plc (formerly Cornerstone FS plc)

("Finseta" or the "Company")



Change of Name Effective



Further to its announcement on 20 March 2024, the Company announces that its change of name to Finesta plc has become effective.



Trading in the Company's ordinary shares on AIM under the new company name and the new TIDM of 'FIN' is expected to commence at 8.00 a.m. today, 20 May 2024. The ISIN (GB00BNG7CD28) and SEDOL (BNG7CD2) of the Company's ordinary shares will remain unchanged.



In order to reflect its new name, the Company's investor relations website address (including the information required by AIM Rule 26) has been changed to



Shareholder documents of title will be unaffected by the change of name and existing share certificates should be retained and remain valid. Any new share certificates to be issued will bear the new name, Finseta plc.