Firstly
EBITDA positive for calendar year 2020
Granted only just but the most interesting part of it comes off a year where their site traffic did the following:
Be interesting to see how a year where people are not as effected by covid use their services now they know how convenient they are.
Next The key to online classifieds business is being market leader in the area i use REA as the pinup boy for this. The ROIC of REA is eye water.
So how will FDV follow suit ? well our fearless leader Shaun Di Gregorio has been hard at work
Market leading Classifieds businesses that FDV own or have a partial stake in: Zameen (pakistan) 30% stake
Fincaraiz 100% stake, Avito and Tayara 100% stake
Index Game looking strong:
- Was recently included in the ASX tech index
-One of the OG investors in the company Catcha Group sold abit... not a qualm. This has increased the free float of stock which is a key criteria to being included in the ASX300. Catcha sold out becuase apparently they own the netflix of asia and its has high costs associated with content creation.
Finally: Charlie Munger said 'Show me the incentive and ill show you the outcome'Well our man at the front owns a shed load of the bloody thing
and pays himself a base salary of
a mate who works at NAB in the endless despair that is middle management gets that as a bonus...
Needless to say im in.
(20min delay)