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FRHC Freedom Holding

Freedom Holding Corp. operates as an investment company, which engages in the provision of securities brokerage and financial services. Its services include retail securities brokerage, research, investment counseling, securities trading, market making, corporate investment banking, and underwriting services. The company was founded in 1981 is headquartered in Almaty, Kazakhstan.

Company profile

Ticker
FRHC
Exchange
CEO
Timur Turlov
Employees
Incorporated
Location
Fiscal year end
Former names
BMB MUNAI INC, INTERUNION FINANCIAL CORP
SEC CIK
IRS number
300233726

FRHC stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

9 Feb 21
17 Apr 21
31 Mar 22
Quarter (USD)
Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Mar 20 Mar 19 Mar 18 Mar 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
15 Dec 20 Evgeny Ler Common Stock Sell Dispose S No No 41.33 10,284 425.04K 20,000
14 Dec 20 Evgeny Ler Common Stock Sell Dispose S No No 45.09 8,471 381.96K 30,284
13 Aug 20 Evgeny Ler Common stock Sell Dispose S No No 20.82 8,845 184.15K 38,755
16 Mar 20 Askar Tashtitov Common Stock Buy Aquire P No No 13.23 30,000 396.9K 77,200
19 Dec 19 Evgeny Ler Common Stock Sell Dispose S No No 14.76 8,762 129.33K 47,600
18 Dec 19 Evgeny Ler Common Stock Sell Dispose S No No 14.75 21,238 313.26K 56,362

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

2.9% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 50 32 +56.3%
Opened positions 24 10 +140.0%
Closed positions 6 3 +100.0%
Increased positions 12 9 +33.3%
Reduced positions 12 11 +9.1%
13F shares
Current Prev Q Change
Total value 599.81M 124.73M +380.9%
Total shares 1.7M 1.58M +7.8%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
Renaissance Technologies 719.05K $36.89M -14.0%
Citadel Advisors 99.58K $5.11M NEW
Skandinaviska Enskilda Banken AB 95.6K $4.91M NEW
Voloridge Investment Management 84.34K $4.33M NEW
BLK Blackrock 73.22K $3.76M -14.0%
D. E. Shaw & Co. 56.08K $2.88M +114.8%
Vestcor 45.25K $2.32M +20.8%
Vanguard 44.37K $2.28M +316.3%
Geode Capital Management 43.92K $2.25M +21.1%
Swiss National Bank 39.6K $2.03M +1.3%
Largest transactions
Shares Bought/sold Change
Arrowstreet Capital, Limited Partnership 0 -179.94K EXIT
Renaissance Technologies 719.05K -117.04K -14.0%
Citadel Advisors 99.58K +99.58K NEW
Skandinaviska Enskilda Banken AB 95.6K +95.6K NEW
Voloridge Investment Management 84.34K +84.34K NEW
Millennium Management 0 -40K EXIT
Vanguard 44.37K +33.71K +316.3%
D. E. Shaw & Co. 56.08K +29.97K +114.8%
HBCYF HSBC 22.32K +22.32K NEW
Two Sigma Advisers 0 -20.4K EXIT

Financial report summary

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Risks
  • The outbreak of the COVID-19 pandemic has impacted and will likely continue to impact the global economy, global financial markets and our business which may have a material adverse effect on our business, financial condition and results of operations.
  • Our business is affected by general business and economic conditions, which could materially and adversely impact our business, financial position, results of operations or cash flows.
  • We operate in emerging consumer financial services sectors in Eastern Europe and Central Asia, which is a competitive landscape where increased competition from larger service providers with greater resources or superior service offerings could materially and adversely affect our business, financial position, results of operations or cash flows.
  • Failure to meet capital adequacy and liquidity guidelines could affect the financial condition and operations of our subsidiaries.
  • We may suffer significant losses from credit exposures.
  • Our investments can expose us to a significant risk of capital loss.
  • We may need to raise additional capital, and we cannot be sure that additional financing will be available.
  • We are dependent on our executive management team, in particular Timur Turlov. If we are unable to hire, engage and retain skilled personnel, our business, financial position, results of operations or cash flows could be materially and adversely affected.
  • Interruptions in the proper functioning of our information technology, or “IT” systems, including from cybersecurity threats, could disrupt operations and cause unanticipated increases in costs or decreases in revenues, or both.
  • We face risks relating to doing business internationally that could materially and adversely affect our business, financial position, results of operations or cash flows.
  • Unforeseen or catastrophic events, including the emergence of a pandemic, terrorist attacks, extreme weather events or other natural disasters could materially negatively impact our business.
  • The countries in which we operate have changing regulatory regimes, regulatory policies, and interpretations.
  • We are exposed to foreign currency fluctuations that can impact our financial results.
  • Interest rate changes could affect our results of operations and financial condition.
  • We are dependent upon our relationships with U.S. securities broker-dealer and clearing firms to receive and transmit funds internationally.
  • We may be unable to identify, acquire, close or integrate acquisition targets successfully.
  • We could be adversely affected by violations of the anti-corruption and anti-criminal regulations in effect in the United States and the foreign jurisdictions where we conduct business.
  • We are a holding company with little or no operations of our own other than the funding and management of our operating subsidiaries, however, our financial statements are presented on a consolidated basis.
  • Timur Turlov has control over key decision making as a result of his ownership of a majority of our voting stock.
  • The price of our common stock has fluctuated historically and may be volatile.
  • Future offerings of securities which would rank senior to our common stock may adversely affect the market price of our common stock.
  • Fulfilling our obligations incident to being a public company, including with respect to the requirements of and related rules under the Sarbanes-Oxley Act and the Dodd-Frank Act, are expensive and time-consuming, and any delays or difficulties in satisfying these obligations could have a material adverse effect on our future results of operations and our stock price.
  • We do not intend to pay dividends on our common stock for the foreseeable future and, consequently, your ability to achieve a return on your investment will depend on appreciation in the price of our common stock.
  • We are deemed to be a “controlled company” within the meaning of the rules of Nasdaq and, as a result, we qualify for exemptions from certain corporate governance requirements. You will not have the same protections afforded to stockholders of companies that are subject to such requirements.
Management Discussion
  • * Reflects percentage of total revenues, net.
  • We derive revenue primarily from fee and commission income earned from our retail brokerage clients, fees and commission from investment banking services, our proprietary trading activities and interest income.
  • During the years ended March 31, 2020 and 2019, we realized total net revenue of $121,902 and $74,285, respectively. Revenue during the year ended March 31, 2020, was significantly higher than during the year ended March 31, 2019 primarily due to realizing higher fee and commission revenues and realizing a net gain on foreign exchange operations during the year ended March 31, 2020. The gains realized during the year ended March 31, 2020, were partially offset by decreases in net gain on trading securities and interest income and a net loss on derivatives.
Content analysis
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Positive
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Legalese
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Readability
H.S. sophomore Avg
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