First Global Data Ltd FGBDF

First Global Data Ltd is a Canada-based company. The Company is a financial services technology (FINTECH) company. The Company enables its strategic partners and clients around the world through its financial services technology platform. Its technology drives the convergence of compliant domestic and cross-border payments, shopping, peer to peer, business to consumer and business to business payments. The Company's two lines of business includes mobile payments and cross-border payments. The Company's FINTECH solutions include FirstGlobalMoney, Happytransfer, Vpayqwik and Payqwik.

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First Global Data Ltd

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Post by FarmerInvestor4on Dec 27, 2017 10:35pm

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Post# 27235405

Issues....

Maybe I am wrong here but I believe the issue is the form of revenue FGD is earning. The company continues to send out news that it is focusing on increasing ARPU, but the reality is that the bulk of its revenues over the last few quarters has come from Licensing fees vs. Transaction fees of users using their platforms

In actual fact, the transaction fees generated has been decreasing Q over Q even though the amount of users that have access to their technology has been increasing.

And until this changes, I don't think this stock will move dramatically any time soon

All my own opinion, and yes.... I am still long here from $0.70 cents plus

FI4

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