Finseta – a major trading warning… more than two months after the period-end!

Describing itself as “a foreign exchange and payments solutions company offering multi-currency accounts to businesses and individuals through its proprietary technology platform”, Finseta (FIN) has issued a “H1 2026 Trading Update” including “active customers in the period rose to 1,389 (H1 2025: 1,101)” and that it “expects to report gross margin for H1 2026 of approximately 66% (H1 2025: 63%), reflecting a higher proportion of corporate customer payments activity in the revenue mix”. So what about a current 6.5p share price in response, approaching 40% lower?

Finseta (#FIN) – raises £0.86m at at 8.5p per share, “up to” £0.1m “retail offer”

Finseta (#FIN) – appointment of current Interim Andrew Richards as CFO

Finseta (#FIN) – appointment of Andrew Richards as Interim CFO

Finseta (#FIN) – H1 update, “on track to deliver significant growth… in line with the board's expectations”

Finablr – It's Thank You And Goodbye

What day is it when the City is about to depart on its summer holidays, the first day of the Commonwealth Games and England’s Lionesses are about to contest a final against Germany? It is, of course, a good day to bury bad news. And so, just as the Stock Market was opening and traders not on holiday had their eyes on the market, it was announced that fully-listed Finablr (FIN) was being consigned to the dustbin from the London Stock Exchange, with immediate effect. Blink, and you missed it.

BREAKING: Finablr – Administrators Appointed .....It's Thank You And Goodnight, all the money's gone

It was announced at 2.54pm today that fully-listed – and suspended for two years in the wake of a catastrophic controversy involving undeclared debts and so on – has finally been placed into administration, under the care of PKF GM. Having lost a second auditor last week with no accounts published since August 2019 (the half-year to June 2019) that was already a very bad sign and now it is over to PKF to perform the last rites.

Finablr – Now Second Auditor Resigns

Oh dear, oh dear, oh dear. If it was not enough that the fine firm of EY (formerly known as Ernst & Young) resigned as Finablr’s auditor amid the shocking revelations over undeclared debts owed by fully-listed but suspended since March 2020 Finablr (FIN), we learnt last week that replacement auditor, PKF Littlejohn, threw in the towel last week. To lose one auditor might be seen as a tad careless, but to lose a second with no accounts published in between times is truly shocking.

Finablr – Word From Beyond The Grave

That fully-listed Finablr (FIN) has not yet be dumped off the London Stock Exchange is a bit of a mystery to me as it is surely insolvent without hope of redemption. But it is still there and this afternoon, as the City was clearing its desks for the day at 4.07pm came an announcement.

Finablr (#FIN) – FCA refuses company's application for listing cancellation without a shareholder vote

Finablr – When will this fraud delist, worthless, as CEO walks the plank?

It was back in January that I asked if fully-listed Finablr (FIN) was a house of cards. Well, it was – and having denied any problems over and over again, we finally learnt that it had suffered the same fate as fellow Dr Shetty vehicle NMC Health (NMC) with secret cheques being written, director shares being sold and a mountain of debt racked up. Earlier this month Finablr announced it had entered into a definitive agreement to sell Finablr Ltd for just $1.

Ouzo time again: Finablr – Update on Transaction as it admits plc proceeds will be “nominal”

So I was bang on the money – or lack of it. Nine days ago Finablr plc (FIN) announced it had received an offer for Finablr Ltd and its subsidiaries and reading between the lines my view was that shareholders in the plc would’t see a penny, not that it was made explicitly clear by the RNS. Today we have had an update…….

Finablr – offer for Finablr Ltd. Good news? Er...

It was announced this morning that crocked Finablr plc (FIN) has received an offer for Finablr Ltd and its subsidiaries. Good news – or is it?...

Finablr – intra-day announcements mean ouzo at the Greek Hovel & extra baked beans at the Montana log cabin...

It’ll be ouzo at the Greek Hovel for Tom Winnifrith and an extra tin of baked beans on the fire at the Montana log cabin for Nigel Somerville following intra-day updates from Finablr (FIN) today...

Finablr – Travelex agrees debt-for-equity rescue, 0p here we come

It has been obvious for a while that shareholders in Finablr (FIN) would lose everything following the fraud exposed at NMC initially by Muddy Waters, and mirrored at Finablr. And whilst the company at first denied that there was anything wrong – more fool it – it is now clear that there were monumental problems.

Finablr (#FIN) – Travelex debt-for-equity refinancing

Finablr – Oops where did that 1 billion dollars go to?

Yesterday Dr BR Shetty, the founder of Finablr (FIN) and NMC (NMC) protested that he was the biggest victim of their collapse and was purer than the driven snow. Today another shocker from Finablr. It seems a billion dollars has gone up in smoke and it has only just noticed.

Kerboom: Finablr and NMC – Dr Shetty breaks his silence, "I'm the biggest victim of all, honest guv"

After all that has gone on at (now former) FTSE100 play NMC Health (NMC), which is now in administration and where shareholders face a potential 100% loss, and Finablr (FIN) which is also suspended and shareholders face wipe-out as well, Dr Shetty – the man apparently at the centre of the shambles – has finally spoken out in a co-Chairman’s statement from Finablr issued at 10.50am this morning. If we are to believe Dr Shetty, he is not so much the perpetrator of fraud against both companies but the victim. Heck let's set all up a vrowd funding site for him.

Finablr – to “explore strategic options”... calls in Shetty’s financial advisor!

Given that fully-listed Finablr (FIN) is from the house of Shetty that gave us the now - or soon to be - defunct NMC Health (NMC), it is a surprise that Dr Shetty remains co-chairman having been forced out of the door at NMC amid a series of undisclosed share dealings and the subsequent discovery of undisclosed cheques, NMC being left on the hook for its suppliers loans and bank balances which did not match its accounts. And of course Finablr has been in a spot of bother already...

Finablr (#FIN) – appoints Houlihan Lokey investment bank to “explore strategic options for the company”. Good luck!