Freedom Holding Corp (FRHC)

[The_Free_Nebula]

Nice new uptrend and a month or two of high volume churn. Awesome volume today on a 2nd great white candle day...April could be special

[The_Free_Nebula]

Stellar ....

[HMB2010]

Wow their ins business doing very well. Thanks Quin.

[Quintessence]

Freedom Finance Insurance won three awards

The company entered the market less than two years ago

Milana Beinoeva, March 16, 2021


IC Freedom Finance Insurance won three nominations at the Global Banking & Finance Awards - 2021, LS reports.

The company has confirmed its status as the leader in online auto insurance.

Thus, Freedom Finance Insurance won three nominations at the Global Banking & Finance Awards - 2021:

- Best Online Insurance Company Kazakhstan 2021;

- Best General Insurance Company for Innovation Kazakhstan 2021;

- Best Auto Insurance Company Kazakhstan 2021.

Freedom Finance CEO Timur Turlov noted that the company entered the market and received licenses less than two years ago. Today, the share of the MTC OGPO market is 4.38%, the share in the online segment is 48%.

"Digital is rapidly taking over the market - it's just more convenient and faster. It's a new standard. In 2020, after the lockdown was removed in May, we grew 20% month on month. To speed up the process of user migration to self-service channels, we created and launched 223 insurance terminals throughout Kazakhstan in public service centers. Sales in terminals increased by 41%, if we compare seven months of 2019 and 2020. In total, last year through them we sold more than 51.6 thousand policies for 415 million tenge. And this is also ours the future of the offline, not the gazelle at the entrance. In addition, we have held a share of about 50% in the digital OGPO MTC almost from the very start of the project in 2019. And now the market is already 10 times larger than at the beginning," he commented.

For the first time, the international Global Banking & Finance Awards was established in 2011. Companies from all over the world that have shown rapid development, innovation, great achievements in the field of finance and insurance can become nominees for the award.

LS previously wrote that the shares of Freedom Holding Corp have risen in price by more than 315% since the IPO. At the same time, the net profit of Freedom Holding Corp exceeded $ 42 million.


Source: https://lsm.kz/nagrada-fridom

[HMB2010]

As the market goes, so does Frhc; for now it appears.

[The_Free_Nebula]

When FRHC breaks out of this channel then $75 bucks/per will definitely be on the table by summer...JMHO

[HMB2010]

Gotcha

[Quintessence]

I think it's saying that Freedom Finance helps its clients participate in U.S. company IPOs, more so than other brokers in that region. Overall positive article, in that FRHC has significant advantages over its competitors.

[HMB2010]

Not sure of implications. Shares per-ipo to certain entities is common.
Thanks for posting.

[Quintessence]

Bloomberg: a popular broker among Russians promises clients the best conditions for participation in an IPO for the purchase of its shares

https://www.bfm.ru/news/465971

The increased interest in investments and the boom in IPOs of well-known American companies played into the hands of all brokers. But, as Bloomberg noted, Freedom Finance has found its own approach to increase capitalization in this situation. Clients are offered participation in the sensational IPOs, and the best conditions from those who bought shares of the broker itself.

Apparently, this is bearing fruit. Since October 2019, when the company listed its shares on NASDAQ, it has more than quadrupled in price, capitalization exceeding $ 3 billion. This is one of the sharpest ups among all financial companies, the agency said. The number of clients has also grown dramatically - to almost 230 thousand. Most of them are from Russia and the countries of the former Soviet Union. At the same time, the scale of Freedom Finance's business in Russia is clearly more modest: the number of registered clients on the Moscow Exchange is about 100 thousand.

“If demand for stocks were similarly stimulated directly in the US, it would raise serious questions,” Charles Whitehead, professor of business law at Cornell University in Ithaca, NY, told Bloomberg. Other participants are also using a selective approach, Timur Turlov, founder and main shareholder of Freedom Finance, is sure.

Timur Turlov, founder and main shareholder of Freedom Finance “Brokerage companies and an investment bank look at what types of clients behave and what they do, and, as a rule, try to give more shares to those clients who bring them more business: they trade more actively with them, hold a fairly wide portfolio, pay them more commissions. And we do the same. Our shareholders can indeed get some marginal advantage. There are no hard and fast rules, there are only principles that we inform clients about and which we pay attention to when allocating allocations. This is not a prohibited practice, this is the only way it works all over the world. You will hardly find a single large investment bank in the world whose clients would receive equal allocation. "

[shanak10]

https://finance.yahoo.com/news/heres-why-think-freedom-holding-053718816.html

[HMB2010]

Right? It has been a crazy day today. Just discussing the same thing with my brother how we've had some extremes in many tickers today. This being only one of many.

[Quintessence]

I lot of tickers giving me whiplash today!

[HMB2010]

Talk about whiplash, $61.77 back to below $58. Someone just wanted IN. Again, always returns to those buys/highs.

[Quintessence]

Looks like a continuing good climate for Freedom Finance!

Main trends of the investment market for iFin-2021, 11 February 2021

http://www.press-release.ru/branches/finance/glava_banka_fridom_finans_rasskazal_ob_osnovnykh_trendakh_investitsionnogo_rynka_na_ifin_2021_11_02_2021_14_25/

Gennady Salych, Chairman of the Board of Freedom Finance Bank, made a presentation at the XXI International Forum iFin-2021, dedicated to electronic financial services and technologies.

In the discussion section, the subject of which was electronic financial services and services for individuals, Gennady Salych spoke about trends in the banking and stock market, the need to shorten the customer journey (CJM) for remote services and the experience of Freedom Finance Bank in this direction. The speaker also provided statistics on the popularity of investment products among Russians, spoke about the main stages of interaction with the regulator, and also presented a forecast for the banking sector for the current year.

Gennady Salych noted the explosive growth of Russians' interest in the stock market last year, stressing that this trend was supported primarily by the pandemic, high market volatility, as well as a decrease in the yield of classic banking products. Lending institutions and brokers have focused their efforts on developing remote banking services, introducing collective investment products, and promoting training programs for first-time investors in securities.

According to the Moscow Exchange, the number of its unique clients has doubled over the past year, reaching 8.8 million. The client base of the St. Petersburg Stock Exchange has increased by 87%, to 5 million. Strong results in this direction were demonstrated by IK Freedom Finance: the number of opened in the company accounts in 2020 more than doubled, to 91 thousand. Bank "Freedom Finance", according to Gennady Salych, increased its client base by 60%, it exceeded 24 thousand.

“In our opinion, this year the stock market will remain highly attractive for retail investors. As a result, credit institutions and brokers will continue to improve remote communication channels and develop investment business lines through new products and services. Clients need convenient, technologically advanced and secure complex solutions. From the point of view of the formation of a high-quality client base, there seems to be a promising synergy with IT companies both in the development of software for analytics and forecasting the stock market taking into account risks, and in improving the security of services: neutralizing cyber threats and protecting against online fraud, "said Gennady Salych ...

The forum was held on February 9-10 in Moscow at the Radisson Slavyanskaya hotel. More than a hundred representatives of leading financial organizations, electronic services and IT developers took part in it.

[HMB2010]

Hit on $60! $75 by 3Q?

[HMB2010]

So far new ath, 59.80!

[Quintessence]

Holding strong!!

https://expert.ru/expert/2021/07/nash-tarif-vishe-a-nash-okean-gorazdo-bolee-goluboj/

Freedom Finance, perhaps, evokes the strongest emotions among Russian brokers. The heat intensified when the company, or rather its parent company Freedom Holding Corp., was listed on the Nasdaq in the fall of 2019. The growth of shares with the ticker FRHC (see Chart 1) was accompanied by heated discussions, and sharp-tongued traders dubbed the company “Kazakh Tesla”. In Russia, IC "Freedom Finance" was the first to promote active investments in foreign IPOs and provide clients with access to the US stock market, while clients claim that the amount of shares that can be obtained in an IPO is directly related to whether you own Freedom's securities. ...

Chart 1 In two years, Freedom Holding has risen in price by 7 times
finance.yahoo.com

But this is the external noise - the internal kitchen of the Freedom finance business is no less interesting. It is the first broker in Russia whose shares are traded on the stock market. Tinkoff Investments and Sberbank Broker are part of public companies, but this is not the same at all. The aforementioned bank brokers, and everyone else, in recent years have relied on online - Freedom Finance has opened offices throughout Russia and in the CIS countries. Brokerage business complains about low profitability - Freedom Holding shows a 20.7% profit margin on net income for the year (35.5% for the quarter ended September 2020).

[shanak10]

10Q https://www.sec.gov/ix?doc=/Archives/edgar/data/924805/000165495421001365/frhc_10q.htm

[HMB2010]

We know where SP will be in a few days if pattern holds... closing in on $60.

[HMB2010]

Picked up PM where left off. What strength, still so far to run, amazing.

[The_Free_Nebula]

What a day ...

[HMB2010]

Agreed

[The_Free_Nebula]

New base set and now I feel like a new upcycle has just begun...Don't think this one is a head fake...

[HMB2010]

Thanks. Onward and more to come. TT still building, growing and expanding. Amazing!

[wellsg27]

https://www.reuters.com/article/us-freedom-holding-spo/u-s-listed-freedom-holding-looks-at-potential-secondary-listing-to-raise-cash-idUSKBN29J1ZL

[shanak10]

8K https://www.sec.gov/ix?doc=/Archives/edgar/data/924805/000165495421000632/frhc-20211231.htm

[The_Free_Nebula]

acquisition absorbed now the march to its next upper valuation. All aboard

[shanak10]

https://finance.yahoo.com/news/investors-feel-freedom-holdings-nasdaq-081424045.html

[shanak10]

That's a HUGE word.

[The_Free_Nebula]

One word - HUGE

[shanak10]

https://finance.yahoo.com/news/freedom-holding-corp-completes-acquisition-230000116.html

[The_Free_Nebula]

A very happy and prosperous New Year to all....

[HMB2010]

Amazing FRHC, cannot fathom 2021 and surprises you bring.

Happy New Year All !$!

[HMB2010]

Nice mid volume consolidation. Bodes well for 2021 !$!

[shanak10]

8K https://www.sec.gov/ix?doc=/Archives/edgar/data/924805/000165495420013978/frhc-20201231.htm

[The_Free_Nebula]

It took just 5 weeks for the Market cap of FHRC to go from $2B to $3B

[The_Free_Nebula]

Market Capitalization Comparison to Peers 2018 - 2020

                        09/29/2018    05/27/2020    11/17/2020    12/24/2020 
        
     Wells Fargo      =    $253B        $114.6B     $114.6B        $123.4B 
     MS/E*TRADE       =    $ 14B        $ 10.6B     $ 10.9B        $123.2B 
     Charles Sch/TDA  =    $ 66B        $ 47.8B     $103.5B        $ 97.7B  
     Goldman Sachs    =    $ 85B        $ 72.1B     $ 77.3B        $ 88.1B   
     Freedom Holding  =    $.49B        $  1.0B     $  2.0B        $  3.0B

[The_Free_Nebula]

Sky is the limit. I do know that today marks passing the $3B market cap level.

[HMB2010]

Next ??

[HMB2010]

I have only a fraction of shares left HB, who knew SP would quadruple in just past 12 months and why I hope a F/S develops. Only in 2020....

We have learned how invaluable good health truly is this year along with having family, hobbies, an emergency savings and friends to fend off depressing isolation effects.

Blessed holidays to All !!

[heidibrown]

Merry Christmas Timur and all of you here.

I am so proud of you Timur and my friend HMB. I should have held true as I was convinced to sell too soon. Those 3 mil shares sub penny would have made my world a bit different. BUT, I am blessed with health, great food and good weather, even if a volcano took out my land :-/ Life just keeps on throwing curve balls and I ain't playing baseball.

My best to all of you. You keep killing it, Mr. Turlov!!!

[The_Free_Nebula]

just for the heck of it I should continue taking swags at the next blue sky train stop..

The_Free_Nebula Member Level Wednesday, 12/02/20 11:11:57 AM
Re: The_Free_Nebula post# 7677 0
Post #
7682
of 7718
I underestimated...heck we may see $50 by Christmas...

[shanak10]

Great. Thanks for sharing.

[HMB2010]

I read that short attack article and was so lame. Was very amateur attempt, imo.
Thanks for IG post Quin.

[The_Free_Nebula]

Wow....thanx for sharing...

[Quintessence]

Here are Timur's comments (translated) from Instagram:

Friends, today is a big day for us, probably no less important than October last year, when we got a NASDAQ listing.

Today we received the consent of FINRA (this is the American regulator overseeing the entire domestic financial market) for the purchase of Prime Executions brokerage company, NYSE floor broker, member of NASDAQ, FINRA and SIPC (insures clients' assets). This is a ticket to the US domestic market, a ticket that is extremely difficult to obtain and boast of which few people from our region can boast of (and none from Kazakhstan, for example). This is a manifestation of trust on the part of the regulator. More than 600 million shares a month pass through the firm now, our clients will bring almost 300 million more (the total market volume in the USA is 40 billion shares a month).

Our FRHC stock was recently listed on the MSCI U.S. Small Cap 1750 and MSCI U.S. Investable Market 2500. This is a very important and cool family of indexes and we are honored that a company from our region is now included in them!

The market has shown incredible dynamics this year, but has brought us not only pleasant moments. Unfortunately, we were faced with a fairly large-scale stuffing by one extremely scandalous journalist from the United States, who, as if it was Reuters, was blown up by a bunch of anonymous kaznet tg-channels (and even fired in Russia). Italic did an excellent investigation of Who is mr. Boyd, whose entire investigation, published on a strange resource in the United States, is value judgments of the facts revealed by ourselves!

https://kursiv.kz/news/kompanii/2020-12/amerikanskie-shortisty-obratili-vnimanie-na-akcii-freedom-finance

The team and I discussed for a very long time that it is simply indecent for us to react to this publicly. There would be a respectable media outlet, or at least some facts that would be new and require an answer!
The American information environment is harsh, but the Kazakh one is even harsher, at times ??.

I am very glad that this attack did not harm us in the states - there is no surprise for the regulator, and the volume of trading in our securities on NASDAQ simply increased even more. After two days of trying to short us, the stock bounced more than 10% and returned to its previous level, at a trading volume of $ 100 million a day! That's a lot, and it's institutional recognition!

[The_Free_Nebula]

Is TT planning to upgrade to the NYSE?

[The_Free_Nebula]

They bought An American based market maker... Man-o-man

[HMB2010]

Another goal met by Timur!!