GREY:FGBDF - Post by User
Post by
banxon Apr 12, 2017 9:30pm
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Post# 26115778
FUNDAMENTAL RESEARCH CORP VALIDATES ANDRE'S FINTECH MODEL
FUNDAMENTAL RESEARCH CORP VALIDATES ANDRE'S FINTECH MODEL Sorry, the Report is a PDF so I can't post.
See below for some salient points.
A MILLION USERS would give FGD an enterprise value of over $1 Billion USD.
FGD has over 100 million potential users in the pipe.
And the pipe continues to grow.
A stage is being set for a valuation explosion...over time.
User traction will create share price action.
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The average EV/user ratio of PayPal and Square (NYSE – SQ) (two leading publicly traded mobile payment companies) is US$1,047 versus US$203 for social media companies.
Chinese entity is finalized, FGD will gain access to over 10 million users. A 10% share, or 1 million users, reflects a potential market valuation of over US$1 billion based on the average multiple of US$1,047 per user.
First Global currently has a market capitalization of C$132 million. Shares are up from C$0.06 per share to the current price of C$0.70 per share in the past 6 months (see chart below).
We will be initiating coverage on the company shortly and we recommend investors start monitoring the company closely as positive developments on any of the recently announced initiatives could result in a significant increase in FGD’s valuation.