FTC - FinTech Chain

[System]

TTG Mobile Coupon Services Limited (TUP) is a software and technology developer operating in the Chinese market.

TTG has developed an open Application Programming Interface (API) called ULPOS in conjunction with UnionPay Financial Network. ULPOS provides a platform for consumers, merchants, product providers, financial intermediaries and social networking groups to connect directly with each other.

TTG have an exclusive contract with UnionPay Financial Network as the owner of the platform and the major cross bank settlement network in China.

TTG have also developed a technology called Electronic Financial Authentication (digital verification). This technology provides the connecting link to ensure that all transactions on the ULPOS platform can be settled on a T+1 basis.

http://www.ttg.hk

 

[pattypoo]

Re: TUP - TTG Mobile Coupon Services

What do you think about TUP's CONFIRMATION that it will expand it's services in asx sensitive news today?

 

[matty77]

Re: TUP - TTG Mobile Coupon Services

Am a holder from a few days after IPO, still liking this one for the moment and just got another parcel.

What do others think?

 

[tinhat]

Re: TUP - TTG Mobile Coupon Services

The preceding two posts aren't of much value to me. They provide no information.

What do I think?

Firstly, I like the pot plants in the office.

And it's good to know that these guys and gals know how to party.

 

[skc]

Re: TUP - TTG Mobile Coupon Services

The preceding two posts aren't of much value to me. They provide no information.

What do I think?

Firstly, I like the pot plants in the office.

And it's good to know that these guys and gals know how to party.

Take a a look at the ULPOS site (http://www.ulpos.com/) and it's kind of like an online version of the entertainment book. You pick a deal, load it on your card, go to the merchant and receive a discount. Unipay is a massive payment company in China so it is a venture that has plenty of members and reach.

What I can't work out however is what exactly does TUP do for (supposedly) it's cut of money spent through this platform? It's a billion dollar market cap FFS and had virtually zero revenue, no assets and doesn't seem to be spending much in way of IT programmers. Why does a company like Unipay need a company like TUP? What does TUP offer that is so unique that Unipay can't replicate, seeing that Unipay is already an established player in billions of transactions per day.

It makes little sense to me but I keep an open mind that it could have a legitimate business. It will have to earn a fair bit of revenue before it can justify a $B market cap though.

 

[matty77]

Re: TUP - TTG Mobile Coupon Services

The preceding two posts aren't of much value to me. They provide no information.

What do I think?

Firstly, I like the pot plants in the office.

And it's good to know that these guys and gals know how to party.

Certainly the pot plants are great.

 

[ROE]

Re: TUP - TTG Mobile Coupon Services

Chinese Small Cap Company listed on ASX run by Chinese with no track record.... The Chinese Market is a bigger market why don't they listed there and probably cheaper too....

They throw in an Aussie on the board to look respectable ?

the puzzle jigsaw doesn't seem to fit

 

[McLovin]

Re: TUP - TTG Mobile Coupon Services

It's a billion dollar market cap FFS

Only if you trust Google Finance!

Iress says 10.15m shares on issue, Google Finance says 630m shares on issue.

I agree, very strange that they would chose to list in Australia.

 

[matty77]

Re: TUP - TTG Mobile Coupon Services

Chinese Small Cap Company listed on ASX run by Chinese with no track record.... The Chinese Market is a bigger market why don't they listed there and probably cheaper too....

They throw in an Aussie on the board to look respectable ?

the puzzle jigsaw doesn't seem to fit

really no track record? have a look at the board members again maybe...??

 

[skc]

Re: TUP - TTG Mobile Coupon Services

Only if you trust Google Finance!

Iress says 10.15m shares on issue, Google Finance says 630m shares on issue.

I agree, very strange that they would chose to list in Australia.

Google is correct. Iress shares on issue can get funny with CDI's. This from the prospectus.



If it's only $15m market cap it all makes sense... may be small investors mis-read the market cap and think it's worth a punt.

 

[McLovin]

Re: TUP - TTG Mobile Coupon Services

Google is correct. Iress shares on issue can get funny with CDI's. This from the prospectus.

View attachment 51304

If it's only $15m market cap it all makes sense... may be small investors mis-read the market cap and think it's worth a punt.

Wow...

I don't know how you could justify a $16m market cap, let alone a $1b one. GCN, anyone?

On reading the prospectus, there's little reason why they ever needed to even float. Seriously, the assets are so valuable that you have to eek out a $1.2m float in Australia.

 

[skc]

Re: TUP - TTG Mobile Coupon Services

Wow...

I don't know how you could justify a $16m market cap, let alone a $1b one. GCN, anyone?

On reading the prospectus, there's little reason why they ever needed to even float. Seriously, the assets are so valuable that you have to eek out a $1.2m float in Australia.

No it's not GCN. The more I look at it the more real it looks. The valuation might be very very stretched to say the least, but it appears to be a real business.

At $1b market cap they'd need something like $40m NPAT at PE 25x. Even at say 50% margin they need $80m revenue. Based on incomplete information from the prospectus, they might make something like 10-15bps on all transactions on the platform. So you need ~A$50-$80B worth of transactions on that platform, or RMB300-500B.
As a comparison, Groupon gross billing (I think that means transaction) is ~US$5.4B last year with a negative NPAT margin.

Of course all these numbers are just very rough estimates and could easily be way off.

The other big risk is the arrangement they have with UnionPay... it's really unclear what they provide or how watertight the agreement is.

 

[System]

On October 25th, 2013, TTG Mobile Coupon Services Limited changed its name to TTG Fintech Limited.

 

[skc]

This thing is still alive and now reached $2.30 per share

Market cap $1.46B.

Cash receipts from customer over last 12 months = <A$200k

Market cap to revenue = 7300x.

EPIC!

 

[System]

On April 26th, 2018, TTG Fintech Limited (TUP) changed its name and ASX code to Fintech Chain Limited (FTC).

 

[greggles]

FinTech Chain up from 3.5c to 9.4c this month after a couple of encouraging announcements:

8 April 2019 (ASX: FTC)

FinTech Chain Limited (FTC) today is pleased to announce that the company has received a winning tender confirmation from Shaanxi Longwill Tendering Co., Ltd., which confirms FTC to be the sole fintech solution and service provider winning the tender for the project of "Shaanxi Xinhe Integrated Payment System" (i.e. FTC's patented T-Linx payment service), following our association with Rural Credit Bank's Funds Clearing Centre (the exclusive clearing centre for Rural Credit Cooperative Unions) as detailed in the announcement on 27 February 2019.

16 April 2019 (ASX: FTC)

FinTech Chain Limited (FTC) today is pleased to provide an update on the progress of supporting China Merchants Bank ("CMB") and its clients in the rollout of the T-Linx system.

Since July 2018 FTC has successfully managed CMB's T-Linx trial program including all software and hardware support, training and user acceptance testing. Positive results achieved under the program have proven T-Linx capability, stability and reliability which has led to the take upon a trial basis of the T-Linx system by CMB’s customers across a diverse range of business sectors.

The T-Linx system addresses both B2B (business to business) and B2C (business to consumer) payment solutions by digitising end user payments to merchants and ultimately manufacturers (logistic supply chain synergy) including one of CMB's largest clients, a global bottler of non-alcoholic ready-to-drink beverages.

From July 2018 to March 2019 T-Linx transactions on CMB's network have totalled approximately RMB 400 million on a limited trial basis in four selected Chinese provinces in China from this one of beverage producer.

FTC expects the growth of T-Linx transaction volume to align with the system's take up rate amongst CMB's customer base.

Looks like FTC has been kicking some goals recently and the market is starting to take notice. Don't know too much about them, but I couldn't help noticing the healthy increase in share price in the last couple of weeks.

One to watch perhaps.

 

[barney]

. Don't know too much about them, but I couldn't help noticing the healthy increase

Me either … Intraday high of 13 cents …. currently 12.5 ….. Massive jump …

Recent Volume increasing but overall very low ….. Initial reaction would be "tread carefully"

 

[barney]

Closed at 14 cents … up 133% …..

Business based in China?? …….. SP will either go to the moon or end in moon dust

 

[barney]

SP will either go to the moon or end in moon dust

A fair way from Moon Dust just yet …. but there are a few punters who have "Gravel Rash" today

For the record, I think it will go up a bit tomorrow ….

Would I buy it? ….. Did someone ask me a question? … I certainly would not

 

[greggles]

For the record, I think it will go up a bit tomorrow ….

Just a bit? Crikey, it's up another 66.67% to 16c today. Some wild swings on this little puppy. Too volatile for my liking but fun to watch all the same.

One thing is for sure, there will be some big winners and big losers out of the recent price action. It's a bit like watching the roulette wheel at the casino.