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    TCS   US87238U2033

TCS GROUP HOLDING PLC

(TCS)
  Report
Delayed Quote. Delayed London Stock Exchange - 05/07 11:39:12 am
61.6 USD   +1.45%
05/06TRANSACTIONS IN OWN GDRS : TCS Group Ups Buyback of GDRs
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05/06TRANSACTIONS IN OWN GDRS  : TCS Group Ups Buyback of GDRs
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05/06TCS GROUP HOLDING PLC  : quaterly earnings release
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Exclusive: Kazakhstan's Kaspi may revive London float after Tinkoff deal- sources

09/24/2020 | 08:13am EDT
FILE PHOTO: The Kaspi Bank logo in seen at the bank's branch in Almaty

Kazakh banking and fintech firm Kaspi.kz may revive plans to list in London within weeks, three sources told Reuters, after Yandex's planned purchase of Russian online bank Tinkoff establishes a comparative valuation.

Kaspi, which previously aimed to raise between $500 million (392 million pounds) and $700 million (549 million pounds) from the London share sale it abandoned last year, declined to comment on Thursday.

A source close to the Kazakh firm said Kaspi, which controls the third largest bank in Kazakhstan where it is a leader in payment systems and e-commerce, may want to capitalise on the deal announced this week by Russian technology firm Yandex, which plans to take over online bank Tinkoff for $5.5 billion.

This would set a valuation benchmark for digital banks in countries in the former Soviet Union and Kaspi could proceed with its listing once the deal was finalised, the source said.

Kaspi will stress that its e-commerce business has been a big winner from the COVID-19 pandemic, a second source said.

This month, Kaspi said that its net income rose by 50% year on year in January-June to 115.6 billion tenge ($272 million) on higher revenue and margins.

Yandex offer values Tinkoff at 10.5 times earnings and 2.9 times book value, Refinitiv data shows.

A third source said Kaspi, whose popular mobile app has made it a household name in the oil-rich Central Asian nation of 19 million, could press ahead with the listing in the coming weeks.

The second source said the listing could be announced in the coming days with the aim to get it done before November's presidential election in the United States.

Citigroup and Morgan Stanley are among the banks involved in the deal, the second source said. Morgan Stanley declined to comment and Citigroup did not respond to a request for comment.

Commenting on the Yandex-Tinkoff deal, Kaspi said it owed its success to its strategy "which combines everyday payments, e-commerce and digital finance services" in its app.

"This Ecosystem approach is now being replicated by leading internet businesses around the world and it's no surprise to us therefore that Russia's best technology companies are attempting to replicate something similar themselves," Kaspi.kz said.

In its listing announcement last year, Kaspi said the selling shareholders would include Baring Vostok funds, Goldman Sachs, Kaspi.kz board chairman Vyacheslav Kim, and its chief executive Mikheil Lomtadze.

By Tatiana Voronova and Abhinav Ramnarayan


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
CITIGROUP INC. 0.40% 75.08 Delayed Quote.21.76%
KASPI BANK JSC 0.00% 4750 End-of-day quote.0.00%
LONDON BRENT OIL -0.07% 68.2 Delayed Quote.32.01%
MORGAN STANLEY 1.00% 87.7 Delayed Quote.26.70%
TCS GROUP HOLDING PLC 1.45% 61.5 Delayed Quote.86.93%
THE GOLDMAN SACHS GROUP, INC. 1.34% 370.89 Delayed Quote.40.64%
WTI -0.07% 64.833 Delayed Quote.34.68%
YANDEX N.V. 1.04% 65.605 Delayed Quote.-5.71%
All news about TCS GROUP HOLDING PLC
05/06TRANSACTIONS IN OWN GDRS : TCS Group Ups Buyback of GDRs
EQ
05/06TRANSACTIONS IN OWN GDRS  : TCS Group Ups Buyback of GDRs
DJ
05/06TCS GROUP HOLDING PLC  : quaterly earnings release
05/04TRANSACTIONS IN OWN GDRS : TCS Group Ups Buyback of GDRs
EQ
05/04TRANSACTIONS IN OWN GDRS  : TCS Group Ups Buyback of GDRs
DJ
05/04TCS GROUP HOLDING PLC : appointments of new -2-
DJ
05/04TCS GROUP HOLDING PLC : appointments of new independent directors and set up of ..
EQ
04/30TCS  : Statement on Tinkoff Bank's RAS Financial Highlights for January - March ..
EQ
04/29TCS  : Issues 2020 Annual Report
EQ
04/29TCS Group Holding PLC Issues 2020 Annual Report
DJ
More news
Financials (USD)
Sales 2021 1 623 M - -
Net income 2021 738 M - -
Net Debt 2021 - - -
P/E ratio 2021 16,4x
Yield 2021 0,10%
Capitalization 12 072 M 12 072 M -
Capi. / Sales 2021 7,44x
Capi. / Sales 2022 6,50x
Nbr of Employees 25 970
Free-Float 78,0%
Chart TCS GROUP HOLDING PLC
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Technical analysis trends TCS GROUP HOLDING PLC
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 14
Average target price 54,26 $
Last Close Price 61,50 $
Spread / Highest target 17,1%
Spread / Average Target -11,8%
Spread / Lowest Target -51,2%
EPS Revisions
Managers and Directors
NameTitle
Constantinos Economides Chairman
Jacques der Megredichyan Independent Non-Executive Director
Martin Robert Cocker Independent Non-Executive Director
Alexios Ioannides Director
Maria Trimithiotou Director
Sector and Competitors