Hi all,
Re: CFT (Swiss Company) - Compagnie Financiere de Tradition, traded on the Swiss stock exchange.
I think this fits in here so I'm posting this to this newsgroup also. While the stock this is about is not an online brokerage yet, it might become one, due to some strategic steps the company recently undertook. I don't know too much about this company but the company doesn't seem so small, not even judging by US terms, so I conclude this might turn into something real significant.
I'm talking about a company in Switzerland, Swiss ticker symbol "CFT", called Compagnie Financiere de Tradition. Well this company is, by chance the 3rd largest commodity broker of the world with annual revenue of around $400 million sfr (swiss franks). Stocks last traded at 114sfr. Swiss valor (ID) number of stock is 967679, general securities id (WKN) is 870121. Web: www.tradition.ch
Well, there are just 1 million shares outstanding. Company is profitable, PE is 10. Price to sales is 0,30. And now comes the real nice story, the company bought a big stake in INFOTEC (www.infotec.ch). Info tec is an -> ONLINE FINANCIAL SERVICE PROVIDER, I'd compare it to Omega Research and PC-Quote.
There is a real chance that here is an online brokerage being formed, a completely European brokerage idendity of worlwide importance is being created. Compare the PSR of 0,3 to EGRP & AMTD's PSR of 30. This might give you a glimpse of things that may be coming.
best wishes
CROSSY |
