bearish

Money Forward: Weakening Top Line Growth and Huge Convertible Bond Issuance to Support Growth

561 Views16 Oct 2023 03:57
Money Forward's top line growth has weakened and the company has issued ¥12bn convertible bond in August to secure funds to grow its SaaS and other businesses. MF's balance sheet is highly leveraged.
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Shifara Samsudeen, ACMA, CGMA
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