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Fintech Select Ltd V.FTEC

Alternate Symbol(s):  SLXXF

Fintech Select is a provider of pre-paid card programs, an online payment platform, and a POS cryptocurrency platform that all are in-house developed platforms. The company also operates a multi-lingual call centre that provides services to customers across all its platforms, and to third-party customers. These core assets have been unified and enabled to operate through separate divisions, all harmoniously working together to create a new environment for consumers and businesses alike.


TSXV:FTEC - Post by User

Bullboard Posts
Comment by Bobwinson Feb 22, 2010 10:48pm
445 Views
Post# 16809270

RE: Bobwins

RE: BobwinsYes, microcaps tend to trade lower than average until they are discovered.  Limited liquidity usually causes investors to be cautious and not overbid.  So 5 to 10 is a decent p/e range.  Of course, with SCG.v, there is the additional problem that they haven't been profitable for a whole year.  2009 should be the first profitable year since they started in 2004. 

So once the audited statements are published, there will be a profitable ttm p/e ratio on all the financial websites AND hopefully SCG.v will follow up quickly with a profitable Q1. 

SCG is extremely cheap on a fwd annualized Q3 basis but not as cheap on a ttm basis.   Hopefully Q4 will show incremental, sequential growth in revs and net income.  That is the pattern that generates the most positive response. 

If SCG can maintain their profitability in 2010 and show a fwd rate of .03 or .04eps, we should have a multi bagger on our hands by mid to late 2010.  Once investors come to expect profitability each qtr, and the incremental, sequential pattern continues, investors will bid up the shares and with positive news, we could trade beyond a 10p/e depending on the sizzle that the stock acquires.  If profits flatten out or become erratic, we will stay in the 4 to 8p/e range. 

We are still early in SCG.  They have 2 profitable qtrs out of the last 5.  There has been great progress but they need to prove they can keep it up with consistency and continued growth.  The product introductions should help with both gross revs and margins.  The entry into the US should enable big gains in gross revs but i am wary of the competition and the impact on margins.  Still haven't been able to talk to anyone at SCG.  Will call again tomorrow.
Bullboard Posts