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Emerging companies - Mid caps that can become large cap
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Message Icon Topic: Financial Technologies – A buy even at 65 PE Post Reply Post New Topic
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basant
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Quote basant Replybullet Posted: 26/Aug/2006 at 10:57am
The basic business being volume based should grow but there is no real charm there. The growth engine is MCX and once it gets listed we could sell out Fin tech and buy MCX.
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Quote deepinsight Replybullet Posted: 18/Sep/2006 at 9:07pm
The parent company may well continue to be the value driver
-as FT will continue to own MCX 50% post IPO, will own the Dubai Gold and Commodities Exchange (40% directly and 10% via MCX), owns 80- 100% in  other entities, namely, IBS Forex Ltd, National Spot Exchange for Agricultural Produce, National Bulk Handling Corporation, ATOM Technologies, Tickerplant Infovending & Riskraft Consulting.

From their web site this is what they say in their presentation:

"@MCX –Already profitable, revenues expected to double every year for next 3 to 5 years.
@DGCX –The International Commodities Exchange that will be profitable from day 1.
@NSEAP & NBHC to be fully operational in FY 2006-07.
@ATOM Technologies, Tickerplant Infovending & Riskraft Consulting to contribute from FY 2007-08.
@IBS Forex to scale up substantially from 2006-07.

FT to Immensely Benefit From A Spectacular Growth In the EntireEco-system."


Their recent announcement to create a new exchange in the Asia Pacific region is also likley to be via FTIndia.

Furthermore, Mr Jignesh Shah, will be the owner only in FTIndia directly.



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deepinsight
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Quote deepinsight Replybullet Posted: 18/Sep/2006 at 9:12pm

For investors having interest in FTIndia –they should read the following article with the founder Jignesh Shah.

The amazing story of Jignesh Shah and MCX

http://www.rediff.com/money/2005/oct/13spec.htm
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basant
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Quote basant Replybullet Posted: 18/Sep/2006 at 9:30pm

Jignesh Shah and Kishore Biyani are the new breed of Indian entrepreaneurs who say " Let me try and see If I can!". Whether they succeed or not their sheer belief and conviction to get things  right is worth appreciating. 

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Quote deepinsight Replybullet Posted: 18/Sep/2006 at 10:02pm
Mr. Basant: Have you plugged in any projections on what the company is expected to earn on a consolidated basis in 07 & 08?
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Quote vijinat Replybullet Posted: 18/Sep/2006 at 10:43pm

Will the shareholders of FTI be given pref allotment of the shares of MCX?

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Quote basant Replybullet Posted: 18/Sep/2006 at 11:26pm
Mr. Basant: Have you plugged in any projections on what the company is expected to earn on a consolidated basis in 07 & 08?
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It is really tough to project an EPS for Fin Tech that is because MCX could be hived off (partially) and also the sheer pace of growth makes such projections go off track. I would assume that in FY 07 Fin Tech should do an EPS of Rs 30 - Rs 35.
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Will the shareholders of FTI be given pref allotment of the shares of MCX?

I would not think so. This is because Fin tech would like to have control over MCX. But nothing is decided yet. Once MCX is listed I would shift from FIn Tech to MCX (depending on valuations of course) because that is the growth engine.In case MCX is listed at crazy valuations Financial Tech will also be bid up as it would hold majority stake in that company.
'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in
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Quote catchsudipto Replybullet Posted: 10/Oct/2006 at 6:59pm
Dear Sir,

Will someone still make money by investion in FT ( at this price and valuation)?
Make your Life as simple as possible.
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