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Sunday, March 18, 2018 12:12:18 PM
"We successfully provided 18 billion euros credit counseling service that we have set as a target for 2017. We estimate that we will close 2018 with a figure of over 50 billion euros... We are in March, and the deals we made are in excess of 12 Billion Euros. Our company grows day by day and GIFA is now an international brand"
http://www.haberinyoksa.com/roportaj/gifa-holdingin-2018-hedefi-50-milyar-euro-h19194.html
If we assume a GIFA consulting fee of 2-5% for arranging these financing transactions.. that results in roughly $360-$900 million revenues for 2017 and a projected $1-2.5 billion revenues for 2018
FRFS = 160M Oustanding Shares x 0.06 price = $9.6M market cap
Valuation = 0.01-0.03x 2017 revenue or 0.004-0.01x 2018 revenue
Note: this includes 1 out of 20 divisions under the GIFA name
Such deep discount is a rare find.
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