If Infocasas revenue is no longer being required for the tech upgrades throughout LATAM, don’t be surprised to see its profit margin grow quick, both here and in Fincaraiz. Others follow.
Shaun and Ricardo aren’t silly. They have the ammo to get this one through. As Early Retar!dee suggests, they are cutting it fine but this has ways to run if successfully navigating this moment. The market can either buy one view or the other.
Added, the combination of cost cutting across the LATAM business, coupled with completion of tech upgrades (tech stacks were upgraded twice, once to get out of the old systems from the purchases in 2021 and then again into the new transactional marketplace capability stacks that were launched across LATAM 360 in June 2024) the spend/investment is complete and normal business operations should run above the cash flow positive given the corporate costs of running the entities are the net loss YoY
Zameen has cash in the bank and all other are break even as stated by Shaun in the past.
FDV Price at posting:
26.5¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)