The most difficult part with CHL at the moment : not to get too bullish and still looking at the risks and the valuation.
The story keeps getting stronger : - so far, their growth was only organic, - this first acquisition (to complete on the 30th of Nov) seems well targeted and with a good timing. It does not consume any cash either and is done, once again, with a long escrow period (18 months).
The other surprising point with them : they keep increasing the take rate (already high) and find new ways to expect further increases, by offering more products and services on their platform.
Obviously, we should see some profit taking after an increase of 40 %+ since the company published its cash flow last week. But the long term potential of the company looks interesting, given the potential of their market and their achievements so far.
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