Fintel Share Discussion Threads

[masurenguy] 26/3/2021 10:14

Ridiculous spread !

[its the oxman] 25/3/2021 13:31

Pretty positive write up on stockopedia, basically saying a quality co at a fair price, all quite encouraging comments.

[masurenguy] 23/3/2021 15:59

A further 1.2m shares - in 3 blocks - also sold @206p at circa 14.15. At least one of the larger shareholders is unloading but we'll obviously need to wait for the RNS to determine who it is.

[davidosh] 23/3/2021 11:26

Well directors have been buying....

[its the oxman] 23/3/2021 11:19

Hopefully the big sellers get cleared and the share price can then move ahead.

[davidosh] 23/3/2021 10:59

Do ask the question at the presentation and see what they say about it.

[masurenguy] 23/3/2021 10:40

Two large Sells have gone through this morning - 2,415,541 & 2,072,541, both @206p - which represents circa 5.5% of the shares in issue. They are also been 2 further Sells of 500,000 and 200,000 at the same price. There are 3 shareholders who have in excess of this quantity as their holding so it will be interesting to see who has disposed and who has picked them up. Maybe this will be revealed at todays investor presentation, or we will have to wait for an RNS.

[its the oxman] 23/3/2021 09:24

Decent results and confident outlook re positioning of business to deliver further growth so wouldn't be surprised to see us nudge toward 220p this week or next. Let's see how broker forecasts and price targets change.

[davidosh] 23/3/2021 08:55

Investors can attend a one hour free presentation with Q&A hosted by Mello today at noon.



Fintel plc to present at Mello, break-out session, on Tuesday 23rd March, via Zoom Webinar

Fintel plc is pleased to announce that the Company will be doing an investor presentation via online conference facility at 12pm on Tuesday 23rd March 2021 when Directors will be taking questions. If you would like to attend the Webinar please use this link

[masurenguy] 23/3/2021 08:20

Todays actual buying price of 212p (inside the Offer of 216p) is only up by 3% over yesterdays end-of-day buys @206p but this mornings expanded 15p spread is just ridiculous !

[its the oxman] 23/3/2021 07:53

All sounds pretty positive. Weathered the covid storm, div to be paid and trading marginally ahead of managrment expectations.

[masurenguy] 23/3/2021 07:21

Very solid set of results !

Full Year Results for the Twelve Months ended 31 December 2020

Resilient Trading, Robust Earnings, Strong Cash Flows and Digital Growth

Financial highlights:

-- Resilient revenues - GBP61.0m (FY19: GBP62.8m)
-- Stable operating profit - GBP11.4m (FY19: GBP12.0m)
-- Strong adjusted EBITDA*(1) - GBP17.3m (FY19: GBP17.7m)
-- Robust EBITDA*(1) margin - 28.4% (FY19: 28.2%)
-- Solid adjusted EPS *(2) - 11.3p (FY19: 12.9p)
-- Strong cash flow conversion*(3) of 69% (FY19: 46%)

Operational highlights:

-- Rapidly accelerated digital strategy
-- Good growth in core intermediary customers
-- Strong growth in fintech contracts and recommendations
-- Robust growth in Defaqto Fund Mappings
-- Resilience in mortgage completions
-- Strengthened management team

Dividend

The Board announces its intention to recommend a full year dividend of 2.85p per share. The Board also announces its intention to adopt a progressive dividend policy going forward, reflecting the strong underlying growth in the earnings and cashflows of the business.

Matt Timmins, Joint CEO of Fintel plc, commented: " We are delighted to report strong, resilient trading and substantial growth in our digital delivery during a challenging year. Rapid and ongoing digital acceleration enabled us to deliver resilient revenues with a strong adjusted EBITDA margin and adjusted earnings marginally ahead of our July 2020 guidance. Our speedy deployment of our proprietary technology enabled all our customers to continue to use our services digitally, without any disruption. Our continued strong cashflow enabled us to reduce net debt efficiently, whilst delivering an ambitious and exciting R&D programme for future growth. The importance and value of our embedded services for our customers enabled us to grow in our core membership services, Fintech contracts and recommendations. We were delighted to receive increased customer engagement and satisfaction in the year - something we never take for granted at Fintel. The quality and resilience of our mortgage adviser business enabled us to deliver modest year on year growth in lending volume, albeit with lower net fees due to product mix."

[its the oxman] 16/3/2021 10:35

Looking for positive results next week to drive us clear of 200p.

[its the oxman] 11/3/2021 10:32

Now 204p offered, hopeful of a meaningful break through 200p very soon, prospects are strong with this one.

[davidosh] 10/3/2021 22:35

The name has changed but I am sure the company will explain everything in detail...

[jimtech] 10/3/2021 11:05

Thanks. The new name is an improvement!

[masurenguy] 10/3/2021 10:51

New name - new thread !

[masurenguy] 10/3/2021 10:48

On 4 April 2018, SBIZ raised £30m in an institutional placing to list on AIM @170p. A further placing @180p in March 2019 raised £29.1m towards the acquistion cost of Defaqto Ltd for £74.3m. On 10 March 2021 the company changed its name to Fintel.


Serving almost 6,000 intermediary firms, Fintel is an independent provider of compliance, distribution and technology services to financial intermediaries and financial institutions. They provide compliance and business services to over 3,700 firms of financial advisers, including directly authorised IFAs, mortgage advisers, workplace consultants and consumer credit brokers.
With the subsequent acquisition of Defaqto in March 2019 for £73.4m, the expanded Group also provides a fintech platform to 2,300 firms, comprising 8,500 advisers. Through its Distribution Channels, the Group provides marketing and promotion, product panelling and co-manufacturing services to more than 350 financial institutions. Defaqto also provides independent ratings of over 21,000 financial products and funds, licenced by 230 brands.

Major Shareholders as at 30th December 2021
Ken Davy: 26,137,774: 25..41%
Liontrust Asset Management :11,825,711:11.49%
Gresham House Asset Management: 9,097,574 8.84%
FIL Investments International: 6,821,599 :6.63%
Slater Investments: 5,936,661 :5.77%
Schroder Investment Management :4,221,964 :.84%
Franklin Templeton Investments: 3,947,072 :4.06%
Matt Timmins: 3.723,213: 3.62%
Neil Stevens: 3,707,436: 3.60%


website:

Link to the old SBIZ thread for legacy reference: