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We got 24 per now....forward split coming maybe?
You might also want to check the company that makes this beer and ice cream
https://www.google.com/search?q=yuengling+ice+cream&rlz=1C1OKWM_enUS895US895&oq=yuengling&aqs=chrome.0.69i59l2j69i57j69i59j0l2j46l2.3417j0j15&sourceid=chrome&ie=UTF-8
Aureus.
and heavily on the ask side volume...every uptick a new 52 week high. Pretty amazing...
FRHC just keeps going and going!
Peaked in and saw 32K shares on the ask at $22.97 - chewed through that in less than 30 minutes. I am going to go out on the limb and say there is a whole new market of investors in freedom chiming in. Institutions may be a safe bet....
Ha I like even better. I got caught up thinking other would go reli quick but am reminded of coming up on 5 years here so holding for LT which i believe will pay as handsomely. GLTUA
I am surprised that it did not consolidate more. I just pulled 23 out of the air. I probably should have said an even $25 ....
Looked like was gonna be this week for your $23 but hit a small snag, soooo close. Still holding strong, see if your call makes it next week.
FRHC continues to shine! I sold some of my shares a while back, but kept some as a long-term investment.
True enough....
.25 to $22 - so far- you don’t see that everyday in pinkyland.
It has been quite a ride
No stoping $FRHC I got out at $8 - just before it collapsed - or so I thought
FRHC on that controlled climb selling on the ask (or someone buying on it) inch by inch knocking down 3K humps on tick at a time with the bid following up...interesting to watch.
I was a little too exuberant. Still this one never really disappoints. A true portfolio long term hold. I set low alerts buy the dips knowing it will eventually come back and go higher...It's a beautiful thing...Go TT
Amazing. Musta thinned at 21.00 with shoot up on minimal buy. Your call is so verrry close Neb.
FRHC continues to do its thing. Maybe we see $23 bucks this week..
This dude and his team are special
Again, TT has finger on pulse of where future of banking/stock exchange is going in KZ (and other countries). Establishing a force of a base in KZ.
Thanks for trans and posting Quin.
I was able to translate it from my PC:
Yesterday we published information on the purchase of its subsidiary bank Kassa Nova from Forte Bank in Kazakhstan. We have disclosed information and material terms of the agreement for the American Securities and Exchange Commission, as well as in accordance with the legislation of the Republic of Kazakhstan.
This is a very important step for our holding, which will allow us to gain even more advantages and strengthen our position in one of our key markets, the market where our headquarters is located.
We have owned a bank in Russia for more than three years now, and during this time we have been able to build one of the most liquid banks in the country, a small part of which comes from investments in government securities and corporate bonds of first-tier companies, and most of it comes from commission income from servicing payments and transactions of our many clients. Thanks to the bank in a group in Russia, we were able to really simplify, speed up and reduce the cost of the investment process for many clients and provide a full range of financial services in one window.
Now the holding has more than 200 thousand brokerage accounts. In Kazakhstan, over the past nine years, we have managed to gain the trust of more than 60 thousand clients. And this is indeed our main and unique asset. These clients include thousands of owners and top managers of small, medium and very large companies.
We have set, in fact, the standard in brokerage services in the country. In the professionalism of the team and in technological solutions, which can be boasted in Western Europe (where we are successfully competing and growing now). We are contributing to the development of online insurance, where since last year we have confidently held the lead in the number of electronic policies purchased by customers independently via the Internet and self-service kiosks.
We are confident that our current developments in banking, which have already been successfully implemented and tested in Russia, will help us in a short time to make a truly amazing technological, flexible and fast bank in Kazakhstan, capable of effectively competing for a client and providing immediate synergy with other companies of the group and projects. which I have invested in as a private person.
We want to make an effective investment bank with a full range of products, which will be able to offer the best card products, internet acquiring, a convenient and simple mobile application, where all insurance, investment and banking and other products will be collected. We want to become a bank that can make a really big contribution to the development of the stock market in Kazakhstan, bring it to a new stage. We want to become an institution that will create loan products for clients and businesses, but will not just keep them on its balance sheet, but will try to securitize and sell to other market participants.
We see ourselves as a primary dealer and one of the key market-makers in the market for state, quasi-state and the highest quality corporate debt on KASE and AIX. I am sure that thanks to a good capital reserve, we will be able to achieve, together with the regulator, the goal of achieving Emerging market status for the whole of Kazakhstan, stepping over from the Frontier step.
We start our story from scratch. As a result of the transaction, we will receive a bank without a portfolio of loans or any illiquid assets. And this is our greatest strength. We do not need to work on the mistakes of the past, like many other market participants. We will be able to focus on development. We have a reputation and financial resources. The holding has accumulated a good cushion of its own funds and continues to grow and earn every month.
The deal must be completed by the end of 2020 and is subject to regulatory approval. Until then, the bank will be managed by the current team. But we will start important integrations and will try to delight our customers early next year! It will be interesting!
Thanx. If anyone deserves the benefit of the doubt is TT
On Instagram Timur provides some good info on why this is a good acquisition. Unfortunately I'm not able to copy the translation from my phone.
https://www.instagram.com/p/CDgXWE-D6KC/?igshid=19hte9boeyawc
To be honest I don't know whether this is a good deal or not...fingers crossed
Freedom Holding Corp. (FRHC) Reports Acquisition of Bank Kassa Nova
https://www.streetinsider.com/Corporate+News/Freedom+Holding+Corp.+%28FRHC%29+Reports+Acquisition+of+Bank+Kassa+Nova/17188856.html
Nice move on rv. Saw too late. Frhc holding strong.
buy op window open for sideliners - confirmed dip into oversold territory
not saying it is going to hold today but the bid is $20 bucks. I
There's the $20 !! Good call Neb.
Every tick being stacked at the ask...And it keeps breaking down the walls...
If the market continues positive for the week we just may see $20s before cob Friday....
There it is Neb. Thought may miss by one tick today. Back on march to 20 !
New 52 week high pending...FREEDOM
thanks for sharing...some impressive numbers...
Timur Turlov on Instagram, with a great picture: There is an administrative commandment that a good top manager should be able to show off his achievements. And since I am a CEO already in an American public company, it’s time to tell you too, many of whom are our shareholders and partners about how we are doing and for which you all indirectly pay me a salary.
https://www.instagram.com/p/CCooHA-DP0E/
Freedom ($ FRHC) reported last fiscal year yesterday. The year is strange, it starts on April 1, and for us the FY2020 has already ended on March 31. Last fall, we entered NASDAQ, raised capital, received hundreds of new shareholders, including many of our customers and partners, and many global, cool names, such as Renaissance Technologies, Arrowstreet, BlackRock, FMR, Goldman Sachs, Frank Russel, Bank of America, Allianz, Credit Suisse, Morgan Stanley and others, according to open SEC data.
Last year, we opened offices, prepared M&A, launched new products and almost every day faced challenges one more difficult than the other. We learned to manage together a very large (under 2 thousand people) and dynamically growing team, challenges in security and IT, scaled our systems, parted with important team members and found new amazing talents. We took on a colossal responsibility to hundreds of thousands of customers and thousands of partners and partners, and really became a systemic player in our industry.
Despite the strict quarantine in the USA and all our countries, we managed the audit and received a clean opinion from the auditors, without any reservations about the quality of reporting and controls, bravo to our CFO, Eugene Leroux and his team!
So, in the link in the profile!
We hit $ 100 million a year and are still growing very fast!
?? Revenue in the amount of $ 122 million increased by 64%, or $ 47.6 million, compared to the same period in 2019, mainly due to an increase in commission income for the year by 109%, or 48.4 million, from $ 44.3 million to $ 92 7 million
?? Net profit increased by $ 15 million, to $ 22 million.
?? Earnings per share of $ 0.38, calculated on the basis of the weighted average number of shares of 58 million shares, increased by $ 0.26 compared with earnings per share of $ 0.12 for the fiscal year 2019 ending March 31, 2019.
Next milestone $2B market cap...
Lets see continued climb. Amazing!
10K out as promised...up pre-market.
just keeps getting better...Can anyone day over $20 bucks by COB Friday ig the market stay relatively positive this week
Freedom Holding acquired one of the oldest companies in the market - Zerich Capital Management
https://1prime.ru/Financial_market/20200706/831731073.html
MOSCOW, July 6 - PRIME. The international holding Freedom Holding Corp., Represented in Russia by IC Freedom Finance and Freedom Finance Bank, acquired 100% of the shares of one of the oldest in the Russian financial market IC Zerich Capital Management, the press release said.
"International holding Freedom Holding Corp., Represented in Russia by IC Freedom Finance and Freedom Finance Bank, announces the acquisition of a 100% stake in IC Zerich Capital Management ... The amount and terms of the purchase were not disclosed. The merger is scheduled for late 2020 years, "- indicated in the message.
The deal was preceded by due diligence, the final stage of which included confirmation of the merger conditions meeting certain corporate and regulatory requirements of the laws of the United States and the Russian Federation, the release said. Formerly Freedom Holding Corp. received approval for the purchase of JSC IC Zerich Capital Management from the Federal Antimonopoly Service of Russia, noted there.
The main objective of the acquisition is the further expansion of the business of the subsidiary Freedom Holding Corp. - IC "Freedom Finance" in Russia. JSC Zerich Capital Management IC will be part of a group of companies operating in seven countries around the world under the Freedom Finance brand, the release said.
“Mergers and acquisitions is one of the components of Freedom Holding Corp’s business development strategy. Both for us and for Zerich, it is a positive and mutually beneficial cooperation. The acquisition of shares in IC Zerich Capital Management allows IC Freedom Finance LLC (Russian parts of the holding) to strengthen its position in the Russian market and increase its client base. I emphasize that as a result of the incorporation of Zerich Capital Management JSC into the Freedom Holding Corp. holding, Zerich’s customers will receive ... brokerage and banking services of the holding, as well as direct access to the American stock market, "the words of the CEO of Freedom Finance Investment Company LLC and CEO of Freedom Holding Corp. Timur Turlov.
Freedom Holding Corp. provides financial services in seven countries. Holding shares are traded on the NASDAQ. Activities of Freedom Holding Corp. regulated by the Securities and Exchange Commission (SEC, USA). In Russia, the company operates through its subsidiary LLC IC Freedom Finance, which has brokerage and banking services offices in 34 cities of the country and is among the top 9 leading operators of the Moscow Exchange in terms of the number of registered customers, which today exceeds 49 thousand.
Zerich Capital Management IC is one of the oldest brokers in the Russian stock market. The company, founded in 1995 in Moscow, provides individuals and corporate clients with financial services: brokerage, dealer and depository services, trust management. JSC Zerich Capital Management JSC is consistently part of the 15 largest investment companies in Russia.
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