Freedom Holding Corp (FRHC)

[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).