Crunchfish: Mixed picture in India with a rights issue pressing closer - Emergers

In June, Crunchfish signed its first breakthrough commercial order for Digital Cash Offline, with Indian IDFC Bank. But the Q2 report left several questions unanswered, most notably the prolonged negotiations with HDFC Bank, the expired MoU with Socio, and the acquisition of an Indian payment platform company that did not materialize. Combined with a dwindling cash reserve, this has put pressure on the stock price. While we see a fundamental value in Crunchfish’s solution, well above today’s price, a recovery hinges on improved clarity about the near to mid-term outlook, especially financing, lest the Company makes quick commercial progress in the breakthrough order with IDFC.

Länk till analysen i sin helhet: https://www.emergers.se/crunchfish_h/