Don’t think it’s a time to sell. The way we’re going we’re headed for a 3-4 times multiple of revenue come April results. Active merchants and customer still increasing from the latest update and a solid foothold in a large + young market in the UK.
results in April won’t even need to be that solid for this bounce (IMO). They don’t appear to be investing too heavily in staff and expansion costs either so I wouldn’t be surprised if losses are much smaller than expected.
At some point the market over here will wake up to the fact they’re a big player in the UK now which should put them at $3-400m market cap minimum.
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