The Shore Capital note shows how cheap FIN is compared to its peers.
Peer group average ratios
2026 PER 19.4
2026 EV/EBITDA 9.1
2026 EV/Revenue 2.9
2027 PER 14.7
2027 EV/EBITDA 8.0
2027 EV/Revenue 2.5
FIN ratios
2026 PER 8.3
2026 EV/EBITDA 4.7
2026 EV/Revenue 1.0
2027 PER 4.6
2027 EV/EBITDA 2.9
2027 EV/Revenue 0.8
FIN is less than half the price of its peers based on 2026 ratios and a third of the price based on 2027 ratios.
Shore Capital have raised their valuation to 80p. |
But that's what a purchaser would be doing. Taking the fin revenue and processing it through the existing systems of the buying company. I don't see a need for many of the staff to be taken on. That's why I said the margins on the acquired revenue would be high. |
But the margins are not high. The only reason why FIN seems to have high margins is because the Asia team were paid $6.5m in 2022 that was three years pay etc from 2021 to 2024. This was all taken as a prior year adjustment. Any company can look good if they remove their staff costs! |
Buying the customers and the licenses. If the buyer already has the license that isn't so good - unless they can be resold.But basically buying the turnover with no increase in costs - assuming you have the capacity - could be a good enough reason. Pure consolidation with very high margins. |
Fft. Why should anybody buy FIN? The modern giant fintech/banks do everything FIN do but faster, cheaper and better. |
Wonderful, a whole £3k purchase by the FD speaks volumes. |
good to see the director buys |
Take out is highly likely.
My guess circa 45p + 40% say 60+p |
But 2026 forecast EPS is 4.2 and 7.6p in 2027.Shore are working on the basis of all the costs up front and increased revenue to follow.Therefore it might make sense for someone just to buy FIN. They would get all the new licenses and should be able to save some of the extra costs by using existing resources and not needing to duplicate top level mgmt (at a substantial saving !). |
Source of your information Dean? |
2025 eps forecast slashed by 63% from 3.1p to 1.2p! |
"Buy now or forever hold your peace" lol |
Wow, Top up time! |
The broker is estimating the new ventures will add annualised revenue of £2m in year 1. |
Excellent news. The card scheme launched last week and now the Dubai licence.
Building blocks are being put in place for a significantly profitable business.
Both the card scheme and expanded Dubai business will add profits next year. |
Another buy of 20,000 @ 33.88p from 8.17 am. |
The 25,000 trade @ 32.77p now shown by advfn as a sell was a BUY from 8.04 am. |
ITV, BME ,OCDO , CHRT , RWS ,BOKU , DGE ,FTC ,MACF |
From today's rns:
The Finseta Corporate Card is co-branded and supported by Mastercard and is available to businesses as virtual or physical cards, has multi-currency capability and can be used in over 210 countries. The Group will market the new offering initially to its existing customer base with this additional service providing corporate customers with greater choice and flexibility in managing their ongoing business expenses. Finseta will also target new corporate customers where the primary potential service provision is a corporate card scheme. |
Explains the price action as did not think the Corporate Card was big news.
Any chance you could list the other 9 stocks? Thanks |
Finseta is one of the stocks mentioned by Midas that's far too cheap and likely to get taken over. |
The 'far too cheap' UK shares ripe for takeovers: Ten bargain stocks - including household names
Our share-picking expert Midas reveals bargains you can buy before its too late
By JOANNE HART
UPDATED: 08:56, 2 March 2025 |
The lull before.....? |
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