Just thought I’d come and check in on my friends in the Lambo...

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VamosMikel

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28/04/22

16:17

Post #: 61076799
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Originally posted by Ryzie: ↑

Akulaku is an interesting case study. It's been operating since 2016 and has tie-ins with Europe. It's business (particularly BNPL) doubled during Covid. As stated in the article you posted, the company has only 6.3% of non-performing loans. Is this cultural then? Does this signify good things for IOU going forward?

IOU can be easily criticized because it's publicly traded and all metrics can be put under a microscope. Akulaku being private does not have to show everything. For example, Akulaku has 900+ employees, what does that equate to in admin costs? Akulaku has raised $400m+ since 2016 what kind of dilution would that mean for shareholders?

It's privately valued at nearly $2b. The funny thing about valuations of private companies is that when they do intend to list publicly the valuations rarely standup. A good example of this is WeWork. Akulaku has a subsidiary that is publicly listed and has the ability to raise capital through the subsidiary so it's unlikely that we'll ever see Akulaku attempt to become public. Given the valuations of BNPL companies that are publicly traded, how much do you believe Akulaku would be valued at? I dare say it would be significantly less than $2b.

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Just thought I’d come and check in on my friends in the Lambo club…

Didn’t think things over here could get worse but they clearly have lol

A few Lambos sent to the pawn shop I imagine…

IOU Price at posting: 14.0¢ Sentiment: Sell Disclosure: Not Held
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