Ok champ, you’ve done nothing but pump it.. “get in now before it soars past .40”, “OMG, I can’t believe I got it so cheap”, “wait to see the close” ... and that’s just you. But you’ve taken offence at me simply completing the picture when a revenue/assets screenshot was posted. Then you all jump on this bandwagon of fintechs don’t need profitability. I’ll say it again, to soothe your ego... I think it’s a good company, it has great growth potential (albeit with just as many risks). I’ll end up buying in but when I feel more comfortable (and don’t read around my words, like others, think market cap doesn’t matter on fintechs).
My reservations are simply that fast gains typically aren’t lasting gains, even in fintech, with few exceptions. There’s a reason it was valued at 20 cents on IPO. Hype may push it up but, like KNI, it will be extremely volatile. In saying that, people are now expecting KNI situations, which makes purchasing immediately on listing potentially very profitable, or very risky. Afterpay’s value is based purely on their massive user base, whereas people will speculate on this one due to their expected gross profit. If you ask me, that’s two sides of the same fintech coin.
Scalability isn’t as simple as now having an IPO cash injection, they still need to convince companies that it’s better to pay them a per-claim commission, rather than handling it in house, a limitation they (W2V) acknowledge themselves. Even with opening more offices, launching larger ad campaigns and putting more boots on the ground to poach clients, it may take quite a bit longer than some have forecast to reach profitability, which this fintech will definitely rely on (their draw card is their profit margin, therefore if your not looking at their profitability prospects, simply because they’re a fintech, then you would be very silly). Let’s not forget they’re based in Israel. Not that I believe something political will affect most of their business, you can certainly guarantee that those in for the short ride will drop this faster than you can blink, at the fear of a price drop.
Do you want a share price that’s volatile, so you can take your profits at 0.50, or do you want a share price that raises strongly, but sustainably?
You have a dig at me for allegedly “trying to scare weak holders”, yet try to foster volatility, so YOU make a quick buck. Am I commenting to help you gain your quick profit (at the expense of someone else), or am I commenting to benefit the people getting in it for the long term? All your pumping does is increase the overnighters, who drive the price straight back down when they take profits. If I’m planning on holding long term, and wouldn’t sell into volatility anyway, why does it matter if I buy today at .31, or in a month at .31 (or .25 because rampers need to get out and the hype has fizzled). My comments have purely been about where I believe the support line will be in the medium term (before next results).
Btw, in another thread you refer to MasterCard being one of their biggest ‘contracts’, don’t forget that size of company doesn’t mean it’s a bigger income generator. Do you know how much employee VAT they have, compared with one of their smaller clients, like Daily Mail (who would like have many more claims/less time to manually submit claims) .. but let me guess, it’s MasterCard and this is a fintech! It must be huge deal, right? As far as I’ve read, they don’t specify individual client value.
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