Freedom Holding Corp (FRHC)

[LowFloatLopes]

This will be a $250-$500 stock one day I truly believe

[HMB2010]

The Ukraine/Russia tragedy gave pause but have amazingly prevailed. Astounding really !

[The_Free_Nebula]

TT and his crew proved to be very very successful. Still seems to be under the radar for what they have accomplished.

[HMB2010]

Me as well. Sold most a while back thinking I found it, 10x the positive DD as I found here and I still dont know what went wrong. Always better to be lucky my friend.

[The_Free_Nebula]

Been looking for another stock choice like this as well. So far not have come close.

[HMB2010]

Once in a lifetime for me

[The_Free_Nebula]

What an awesome investment

[HMB2010]

PM volume off the chain! Congrats to all and Timur!!!

[Quintessence]

FRHC up 18% pre-market! The news is being well received!

Freedom Holding Corp. Enters into Agreement to Acquire Investment Bank Maxim Group to Expand U.S. Presence
8:00 am ET February 16, 2023 (BusinessWire)

Freedom Holding Corp. (Nasdaq: FRHC), a diversified multi-national financial services firm, announced today that it has reached a definitive agreement to acquire Maxim Group LLC and its registered investment advisory affiliate Maxim Financial Advisors LLC (together "Maxim Group"), for a combination of cash and common stock. Including deferred payments and retention bonuses, the total consideration for the acquisition will be approximately $400 million (USD). Freedom continues its strategy of acquisitions following its 2020 purchase of Prime Executions, Inc., an institutional trading firm with operations on the floor of the New York Stock Exchange which was recently approved to conduct investment banking and equity capital market businesses under Freedom Capital Markets.

[The_Free_Nebula]

Wow...

[HMB2010]

Wow! Timur expanding in US!

[The_Free_Nebula]

Thumbs up...

[wellsg27]

Unbelievable how this stock just seems to hang in there with little to no news in this market. Back up over $63. Has done better than most stocks

[The_Free_Nebula]

interesting

[HMB2010]

https://www.businesswire.com/news/home/20221019006061/en/Freedom-Holding-Corp.-Enters-into-Agreement-to-Sell-Russian-Businesses


TT already renounced RU citizenship.

[The_Free_Nebula]

nice little pop today. On the trek back to 60 bucks and beyond...

[Quintessence]

Excellent. Yes, I agree!

[wellsg27]

I sold some but am still holding quite a few shares. This company will do well in the long run.

[Quintessence]

Glad to hear you are still holding some!

[HMB2010]

Thanks for posting Quin. I still have some and expert to always have a few to see the % gains and smile!

[Quintessence]

Yes, agreed. FRHC is a keeper!

[The_Free_Nebula]

I decided this one will be a keeper for a very long time.

[Quintessence]

I'm still in! Timur just posted this in Instagram:

You know, one of the key industries by which people now learn about the New Kazakhstan on the world stage is fintech. Thanks to the fact that public services are developed, open and available to all banks, we are able to make such cool products that many of our competitors in other countries can only dream of. These opportunities, such as online car loans and overnight mortgages, are something that terribly inspires us and gives us hope that there are many changes for the better ahead. Our extremely young and small bank, thanks to technology alone, could become the largest mortgage bank in the country in a year! In what country is this even possible now?

The bank is about registering property, it is very difficult to do cool things without integration with public services. In Kazakhstan, public services began to be built many years ago, we have an IIN, most of the databases have been digitized and structured over the past two decades. Now all these databases need to be turned into working processes and integrations with other services and financial institutions should be started. Our Minister of Digitalization @bagdatmussin, knows how to think in a client way and experience, looks at many IT processes as we look at them. We have a really Cool and professional team both in the AFRR and in the National Bank of the Republic of Kazakhstan, no matter how much we argue over individual details. It seems that there has never been so much practical progress in products as our banking industry has seen over the past three years.

Now the most important story is not to drown in internecine wars and systematically follow the path of reducing the participation of the state in the economy, demonopolizing its industries.

Our young team came to the banking industry - how much activity arose at once! It seems to me that we have shaken up the market, we have shown new opportunities to many luminaries of the market with a blurry look. I am sure that in telecom, too, new players will shake up the market and create opportunities that have never been seen before. They will be able to look at the processes differently, they will be able to explain why it is possible, and not why - “it is impossible”. The market does not demonopolize itself. ICRIAP is now doing what many people do not like, but it is very important for the country now. I really want Zhana Kazakhstan to win. A unique chance!

[The_Free_Nebula]

back in the 50s...

[The_Free_Nebula]

Interesting

[Quintessence]

Some Stock picks by Timur Turlov (that he posted on Instagram today).



Snowflake has steadily doubled its product revenue. The company plans to maintain its impressive growth rate in 2022 with a 94-96% increase in revenue.

Crowdstrike continues to perform well, beating market expectations, with Q4 revenue up 62.7% YoY to $431M and ARR reaching a record $217M.

Datadog's latest quarter revenue up 83% YoY to $363M

Zscaler has an average target price, according to the largest investment banks, at $320, the potential is over 100%.

Enphase Energy Profitable Green Energy Company In Q1, EPS beat market expectations ($0.79 up $0.10) with revenue up 46% to a quarterly record of $441M. For the current quarter, revenue is forecast to be $490-$520M.

Mongodb Inc.
Q4 revenue up 55.8%, subscription revenue up 58%

And there are more such stories on the market. And in our IPO fund - too. And it can rebound even faster than the market because of the discount.

[shanak10]

Agree.

[The_Free_Nebula]

not really a surprise....

[shanak10]

https://finance.yahoo.com/news/p-global-ratings-freedom-holding-180000935.html

[The_Free_Nebula]

yep

[HMB2010]

Brilliant to be based in Kazakhstan ...

[The_Free_Nebula]

TT is a real mover and shaker. How Freedom is nearly untouched by the unpopular invasion is really amazing to me.

[LowFloatLopes]

Wow got fillled this morning at 43

[The_Free_Nebula]

Interesting read. I agree folks need to remain level headed as markets stabilize now that we know it is war...

[HMB2010]

Thanks for posting Quin!

[Quintessence]

Indeed. Here are some thoughts Timur Turlov posted on Instagram today:

What should be done when the wildest and most incredible events occur, about which so many simply did not believe yesterday? This year is definitely breaking all records.

Try to turn off emotions as much as possible and look at the situation as soberly as possible.
During the period of maximum fear, prices are always minimum. Emotions dictate us almost always the wrong decisions.
When the fear of the virus went through the roof, so many who were in the market at that time made a lot of mistakes.
If we turn to statistics, however, the American market, 45 days after the start of significant military conflicts / events, returned to the same place where it was before the start of the war. At the same time, it was often the moment of invasion that was the minimum or was close to it. Will it be like this now? Nobody knows. Statistics only show that actions under stress are almost always wrong. In moments of stress, it is better not to run with the crowd.

Oddly enough, but foreign securities can now be to some extent a protective asset, more reliable than the currency itself.

Most likely tomorrow (but this is not certain) the sanctions of Western countries will be announced, and we believe that, and judging by the text of the bills in the US Senate that have been published in recent weeks, in the worst case, under the threat of the operation of the largest Russian systemic banks, in the first place, with state participation. Medium-sized private banks not affiliated with the government should not be directly affected.
America has never frozen the assets and securities of citizens of any country on a national basis. Only address lists of individuals. And this means that the transfer of securities to foreign banks and depositories becomes at such moments an even better tool than the transfer of money. More reliable.

Business is the art of the possible. Now it is important to act as soberly and coordinated as possible, and then you will not have to regret the decisions made during the moments of market panics.

[HMB2010]

Thoughts and prayers with Ukraine at this astounding, horrible time with very real worldwide implications. GLTUA

[shanak10]

10Q https://www.sec.gov/ix?doc=/Archives/edgar/data/924805/000092480522000012/frhc-20211231.htm

[The_Free_Nebula]

TT Still making money moves

[shanak10]

https://finance.yahoo.com/news/freedom-holding-corp-subsidiary-top-042500033.html

[HMB2010]

Thanks for posting. Very sad.

[LowFloatLopes]

Is it just me or could this easily be a $500-$1000 pps company in the next ten years

[Quintessence]

Sad news from Kazakhstan. Timur posted this on Instagram:

The riots in Almaty caught me and my family not in Kazakhstan, on vacation, outside the city where I have lived for the last 10 years and which I sincerely love, where our parents are now. What happened in the city over the past day is simply incredible. The scale of banditry, robbery, looting, violence and permissiveness simply exceeded all imaginable boundaries. Can you imagine a real war in the center of one of the friendliest and safest cities in Eurasia? I couldn't until yesterday.

Yesterday morning we sent almost all the personnel to a remote location, closed all offices and branches, collected all valuables and transported the most expensive goods to warehouses. Our men, the leadership in Ata, our security service worked very professionally and we hardly suffered, except for a few small departments where there were no people and valuables. Thank God, all our employees are safe and sound.

Thank God that now the situation is becoming calmer every hour, there is a persistent feeling that the peak of violence passed yesterday night. Now they are putting things in order in the city. I wish the President of Kazakhstan, K. Tokayev, courage in putting things in order. Probably no one in the world would like to be in his place for the last couple of years, and even more so for the last couple of days. And be forced to make the decisions that he makes. I am convinced that he is a true patriot and he has reasons to act the way he does. I am sure that the citizens of Kazakhstan will pass this test with dignity and come out of it stronger. And they can turn this page themselves. My Kazakhstan is, first of all, a very peaceful, hospitable country with a very large number of young, talented, educated people who really do the best products in the world.

[shanak10]

https://finance.yahoo.com/news/freedom-holding-corp-announces-expansion-215500982.html

[Rusty12]

I see. Thank you

[wellsg27]

And that’s why they sold bonds , to grow the company.

[Rusty12]

That’s big stuff buddy!

[HMB2010]

Wow ! https://www.bloomberg.com/news/articles/2021-12-03/mkm-partners-signs-deal-to-be-acquired-by-kazakhstani-brokerage

[wellsg27]

The stock is not acting well to the news that’s for sure. The 8-K says that the funds will be used for business expansion among other things. I don’t see this as a negative

[shanak10]

8K https://www.sec.gov/Archives/edgar/data/924805/000165495421012504/0001654954-21-012504-index.htm