"tauts" No siis ca 2x on ikka üle hinnatud. Aluseks eeldus, et 50%-se käibe kasvu puhul ei maksaks rohkem kui 5x preemiat. Olen kuulnud, et ka mitmetel riskikapitalifirmadel on analoogne benchmark.
Rudikareeglid on toredad aga eks täna vaadatakse rohkem kasumit ja vähem käivet. Kasvõi nt Wisel, käive beatis, kasum missis, aktsia langeb.
Investor Toomas kurdab, et tema portfellis olev Bikeep on P/S=7 taseme ja 100%-se kasvumäära juures üsna kallis. Ometi ei takistanud see teda ca aasta tagasi ostmast Wise'i, mil selle kasvumäär oli märtsi andmete seisuga ca 40% ja P/S 8,2 naelase soetushinna juures ca 20.
"siseinfo" Päris lõbus on lugeda kindlameelset analüütikat tüüpide poolt, kes ilmselt (ilmselgelt?) pole üle tsükli korralikult investeeritud olnud. :-)
Ma mäletan, et kunagi oli see veel lõbusam lugemine, kuidas üks tüüp ei suutnud muidu aktsaiturul tootlust teha, kui pidi selleks börsiinfot varastama. Õudne-õudne :)
Ainukesed kes korralikult pügada on saanud on nn. investorid. Eriti need, kes ostsid 800 -1200 ga. Aga ka need kes hiljem kukkuvat nuga püüdsid ( mina s.h.). Väike summa aga ikkagi , why! Cräpp, ilge kräpp! nagu üks prominentne proua tavatses öelda.
Hea IPO ei ole see, kui hind kukub alustuseks esimese kuu kuuga -65%. See on harukordselt halvasti hinnastatud IPO. Kas on stokk jaburalt üle hinnatud või midagi muud. Igal juhul on nn "investorid" rõvedalt pügada saanud.
FIRST QUARTER RESULTS * Revenue GBP185.9 million, estimate GBP166.6 million (Bloomberg Consensus) * Volume GBP24.4 billion, +14% q/q
2023 YEAR FORECAST * Still sees revenue +30% to +35%
COMMENTARY AND CONTEXT * Sees Cagr Greater Than 20% Over Medium Term * Sees Adj. Ebitda Margin at or Above 20% Over Medium Term * Company aims to sustainably lower prices for customers over time * Volume growth was driven by a higher number of active customers that are increasingly using the Wise Account and Wise Business products * Wise says 5 million customers transacted on Wise in Q1 FY23 while the number of active personal customers grew by 37% YoY to 4.7 million.
A subsidiary of Wise has been fined $360,000 for breaching anti-money laundering rules. The financial services regulatory authority of Abu Dhabi Global Market, the freezone financial centre in UAE's capital, found that Wise “did not establish and maintain adequate systems and controls to ensure full compliance” with anti-money laundering requirements. Breaches by Wise Nuqud, a wholly-owned Abu Dhabi arm of Wise, included the failure to identify and verify the source of funds or wealth held by some customers it had identified as high risk before carrying out transactions on their behalf. The regulator added that its review had not found instances of actual money laundering as a result of the failures. Wise said that it was working with financial regulator to “resolve their concerns”. The fine was discounted from $450,000 because Wise did not dispute the findings and agreed to settle at the “earliest opportunity”.
Hakkab pihta. Hea Wise on paindlik ja soodne kuna ei järgi samu reegleid mis pahad pangad ja seepärast on tema fundamentaalselt põhjendatud väärtus vähemalt lõpmatus või siiski mitte...
Wise kergitas müügitulu ootust, mis peegeldab tänu intressimäärade tõusule ettevõtte võimet teenida edaspidi ka intressitulu. Keskpika EBITDA marginaali kasvuootus jääb aga endiselt 20%st kõrgemaks, kuna intressitulu kavatsetakse investeerida tootearendusse, infrasse ja teenuse hindade langetamisse.
COMMENTARY AND CONTEXT * Sees Total Income Growth Between 55-60% in Fy23 * "We've seen extreme macroeconomic conditions persist throughout the second quarter, and whilst unfortunately this meant we had to raise prices slightly for some customers, we've been working hard to limit these increases and are working to bring them back down again." * Sees total income growth between 55-60% in FY23 and greater than 20% CAGR over the medium-term * Sees Adjusted EBITDA margin over the medium term at or above 20% of total income * Total income take rate, which includes net interest income, was 0.85% in the quarter. Excluding net interest income, our take rate increased 2bps QoQ to 0.78% from 0.76% in Q1 FY23 * 5.5 million customers transacted on Wise in Q2 FY23, an increase of 40% YoY and 10% QoQ * "The Wise Account and Wise Business products continue to see good levels of adoption and this increased engagement with our product, higher volumes and faster speeds are a result of the longer term investments that we have been making."
