Alert FGD Investors seem to be turning a blind eye on First Global Data (TSX,V: FGD). Maybe it could be blamed on the 'summer doldrums' but smart money buys low and sells high. It seems like the chart of First Global is in oversold territory.
With the overall Fintech sector rapidly on the rise, it is just a matter of time before profitable company's like First Global are broadly recognized.
The company has recently entered into strategic business relationships:
First Global Data Limited and AnalytixInsight Enter Letter of Intent for a Strategic Business Relationship
Selectcore and First Global Announce Launch of FintechUnion
First Global Obtains New US State License and Launches Artificial Intelligence Unified Chat Interface for Mobile Payments
First Global Launches World's First Social Messaging Remittance Service with LianLian Pay on the WeChat Platform from the USA click here
I am looking forward to the 2nd quarter results at the end of August. I am anticipating growth from the 1st quarter. I believe accelerated growth and numbers will be demonstrated by the depth of success of the Lian Lian deal. Regardless of that deal, the uniqueness of First Global lies in the fact that they have signed multiple deals - leading to many potential streams of income.
I expect long term shareholders to be rewarded, especially at today's price of $.38/share.