Latest news with #Findi
Business Insider
4 days ago
- Business
- Business Insider
Findi (QED0) Receives a Buy from Ord Minnett
In a report released today, Lindsay Bettiol from Ord Minnett maintained a Buy rating on Findi (QED0 – Research Report), with a price target of A$11.39. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Bettiol is a 3-star analyst with an average return of 5.4% and a 38.10% success rate. Bettiol covers the Technology sector, focusing on stocks such as Qoria, Life360 Shs Chess Depository Interests Repr 3 Sh, and RAS Technology Holdings Limited. Findi has an analyst consensus of Moderate Buy, with a price target consensus of €5.50.
Business Insider
4 days ago
- Business
- Business Insider
Findi (QED0) Receives a Buy from Morgans
In a report released today, Richard Coles from Morgans maintained a Buy rating on Findi (QED0 – Research Report), with a price target of A$7.55. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Coles covers the Financial sector, focusing on stocks such as QBE Insurance Group Limited, COG Financial Services Limited, and Challenger . According to TipRanks, Coles has an average return of 11.2% and a 57.51% success rate on recommended stocks. Findi has an analyst consensus of Moderate Buy, with a price target consensus of €5.50.
Yahoo
5 days ago
- Business
- Yahoo
Findi Full Year 2025 Earnings: Revenues Beat Expectations, EPS Lags
Revenue: AU$75.5m (up 14% from FY 2024). Net loss: AU$12.5m (down by 409% from AU$4.04m profit in FY 2024). AU$0.26 loss per share (down from AU$0.10 profit in FY 2024). Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue exceeded analyst estimates by 7.9%. Earnings per share (EPS) missed analyst estimates by 8.3%. Looking ahead, revenue is forecast to grow 56% p.a. on average during the next 2 years, compared to a 7.2% decline forecast for the Diversified Financial industry in Australia. Performance of the Australian Diversified Financial industry. The company's shares are up 9.8% from a week ago. Before we wrap up, we've discovered 1 warning sign for Findi that you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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Business Standard
25-04-2025
- Business
- Business Standard
Despite growth of e-transactions, ATMs see surge in orders, deployment
The automated teller machine (ATM) business in India looks to be picking up pace despite dire warnings about the demise of cash in a world that is increasingly driven by digital transactions. The ubiquitousness of unified payment interface (UPI) for amounts as small as Rs 10 has created a general perception that cash is now a burden rather than a convenience. But the numbers seem to tell a different story. Since post-demonetisation, in 2016, the number of ATMs in use has jumped from 225,000 to 2,60,00 units, a growth of 35,000 in nine years. Additionally, between September 2023 and March 2024, requests for proposal (RFP) for the ATM channel has topped 44,500 (more than the 40,000 ATMs added post-demonetisation). SBI had floated an RFP for purchasing 16,000 ATMs and cash recyclers (units in which you can withdraw and deposit cash), and outsourcing of 17,500 units in that period. Outsourcing orders were also placed by Bank of Baroda (7,500) and Punjab National Bank (3,500). Deployment of white label ATMs (WLATM) - which are set up, owned, and managed by companies other than banks – too has increased. Both India1 Payments and Hitachi Payments' ATM bases have crossed 10,000. Meanwhile, Australian fintech firm Findi has placed an order for 7,000 automated teller machines (ATMs) in a clear indication that cash is still very much in vogue, if not king. Deepak Verma, managing director and chief executive officer, told Business Standard that the company plans to roll out installations over the next year. Its brown-label deployment contracts include those for the State Bank of India, Union Bank of India and Central Bank of India. Findi had in February this year acquired Tata Communications' WLATMs, numbering 4,600-plus units, through its arm Transaction Solutions International (India). Industry sources said that the hike in the interchange fee for ATM cash withdrawals to Rs 19 from Rs 17 will aid more deployments. According to Vishal Maru, global processing head, Financial Software and Systems, this increase will help banks and service providers alike to offset escalating costs of maintaining and securing ATM networks. Besides, it presents an opportunity to reinvest in infrastructure, making ATMs more reliable and efficient. There has also been a shift towards cash recyclers – machines in which you can both deposit and withdraw cash; the share of recyclers is at nearly 95 per cent of the annual replacement orders for ATMs despite the fact they cost around Rs 5.50 lakh per unit compared to Rs 3 lakh for legacy machines that only allow withdrawals. Of the 260,000 currently-deployed ATMs, about 40,000 are recyclers. The trend towards higher recyclers picked up pace around three years ago with nearly 95 per cent of the replacement orders for ATMs being for such units, since they ease pressure on bank branch staff. It has set the stage for ATMs to morph into a 'virtual branch network', and emerge as a remittances channel in its own right. The report of the 'Committee to review ATM interchange fee structure' headed by the Indian Banks' Association's then chief executive officer V G Kannan in 2019 said in its executive summary that 'the ease and ability of withdrawing cash from bank accounts at the time and place of choice/requirement gives confidence to the customer to keep money in the bank accounts thus increasing the money in circulation through formal banking channels'. Still in demand · Findi in February acquired Tata Communications' white-label ATM (WLATMs) numbering 4,600-plus units through its arm Transaction Solutions International (India). · Between September 2023 and March 2024, request for proposal (RFP) for the ATM channel had topped 44,500. This is more than the 40,000 ATMs added post-demonitisation · There has been a shift towards cash recyclers – machines in which you can deposit and withdraw cash; the share of recyclers is at nearly 95 per cent of the annual replacement orders of ATMs. · This is despite the fact they cost around Rs 5.50 lakh per unit compared to Rs 3 lakh for legacy machines.
Yahoo
24-02-2025
- Business
- Yahoo
Findi Limited's (ASX:FND) 29% gain last week benefited both individual investors who own 43% as well as insiders
Significant control over Findi by individual investors implies that the general public has more power to influence management and governance-related decisions A total of 16 investors have a majority stake in the company with 51% ownership Insiders have been buying lately If you want to know who really controls Findi Limited (ASX:FND), then you'll have to look at the makeup of its share registry. The group holding the most number of shares in the company, around 43% to be precise, is individual investors. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn). Individual investors gained the most after market cap touched AU$288m last week, while insiders who own 36% also benefitted. In the chart below, we zoom in on the different ownership groups of Findi. See our latest analysis for Findi Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index. We can see that Findi does have institutional investors; and they hold a good portion of the company's stock. This suggests some credibility amongst professional investors. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. If multiple institutions change their view on a stock at the same time, you could see the share price drop fast. It's therefore worth looking at Findi's earnings history below. Of course, the future is what really matters. Hedge funds don't have many shares in Findi. Troy Harry is currently the company's largest shareholder with 13% of shares outstanding. Jack Yetiv is the second largest shareholder owning 6.7% of common stock, and Brian Flannery holds about 5.5% of the company stock. Looking at the shareholder registry, we can see that 51% of the ownership is controlled by the top 16 shareholders, meaning that no single shareholder has a majority interest in the ownership. While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. Quite a few analysts cover the stock, so you could look into forecast growth quite easily. The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO. Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances. Our most recent data indicates that insiders own a reasonable proportion of Findi Limited. It has a market capitalization of just AU$288m, and insiders have AU$103m worth of shares in their own names. This may suggest that the founders still own a lot of shares. You can click here to see if they have been buying or selling. With a 43% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Findi. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies. Our data indicates that Private Companies hold 15%, of the company's shares. It's hard to draw any conclusions from this fact alone, so its worth looking into who owns those private companies. Sometimes insiders or other related parties have an interest in shares in a public company through a separate private company. It's always worth thinking about the different groups who own shares in a company. But to understand Findi better, we need to consider many other factors. For instance, we've identified 1 warning sign for Findi that you should be aware of. If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
