Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.
Hi MM Team, I just want to ask your view on 2 small cap stocks. The first is Findi Limited (FND.ASX) which is a technology investment company on the ASX and AEHR Test Systems (AEHR.NAS) which is a technology equipment company in the US. Thank you for all your reports. It really helps me a lot. Kind regards, Sue.
Hi Sue,
We’re glad to help – you do take us off-piste at times!
Findi Limited (FND) – This $370mn fintech soared to new highs this week after agreeing to buy Tata Communications Payment Solutions for $75.7mn – the purchase is awaiting approval from the Reserve Bank of India. We aren’t overly close to the business hence will defer to technicals but it surged over 10% on Friday as the business goes from strength to strength.
Aehr Test Systems (AEHR US) – this $US332mn California based business is a worldwide provider of test systems for burning-in semiconductor devices in wafer level, singulated die, and package part form, not something we know a lot about TBH. However, its down ~80% over the last year which is never a great place to start, especially in today’s market where contrarian investors are getting hammered.
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