Freetrade H1'24 Investor Update and Call - September 2024

Freetrade Chat šŸ”„
21

You mean neither free pizzas nor freebies? :cry: Thereā€™s definitely been a top management change. We can feel it already in the AMA format.

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22

Itā€™d be good to know how the shares are performing, what the roadmap is in-regards to them (e.g. Freetrade IPO, buyout etc.), and how we can sell our shares if thereā€™s no current plans.

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23

Key questions:

  1. So far this year you havenā€™t crowdfunded, are you planning another raise later this year or in 2025 for instance?
  2. What does the next 24 months look like in terms or revenue, growth opportunities etc?
  3. Any partnership opportunities in the pipeline?

Thanks

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24

How small has Freetrade become regarding the downsizing of the workforce?

Is there multiple teams working on different features or do you plan to do this to speed up the process.

Now that Freetrade is profitable how will you be using the money

Any more planned crowdfunding in the future

What does Freetrade look like in terms of financially, efficient running of the business, product launches in the next 12 months

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25

It would be great to know how many people Freetrade is employing in Hungary and what type of functions the company moved to Budapest.
Thanks

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26

The big questions for me:

  • How is customer acquisition going? Are you increasing subscription customers, how quickly YoY?
  • Are inflows outpacing outflows in ISA AuM? And on SIPPs?
  • Are you planning to monetize the TBills or just using it for customer acquisition?
  • Where do you see growth ahead for the business in the next 3 years? Where do you see the best ROI?
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27

Exit strategy. If youā€™re an investor anything else is just background noise.

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28

Industry growth rates. Several years ago the DIY investment industry was expecting double digit growth rates. What kind of growth rate is the industry expecting now?

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29

I think what I would want to know given basically the business is kind of pivoting or refocusing which will take at least 18-24 months from past experience:

  • What is the vision that the company working towards?
  • How big of an opportunity is that?
  • What does best case, base and worst case scenarios look like?
  • Does the business see any exponential growth drivers?
6 Likes
30

Been part of the Freetrade journey for 7 years now and Iā€™ve enjoyed the ride up to this point but as any investor I am interested to see a ROI now. The market is picking up and the company has had its first taste of profitability, time to focus on exit strategies and give investors an opportunity to get off the :bus: and hopefully realise a profit.

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31

@acamp any date fixed for this yet ?

32

But for them to be mindful of those investors who got it at the Ā£9.25 per share price.

We may never see that share price again but it will leave a sour taste in the mouth for some investors.

An equity release for early investors could be a possibility but this wouldnā€™t provide any funding for FT.

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33

Hello Ā£9.25 investor here :sunglasses:

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34

It would be great to know if security lending is still on the road map.
Thanks

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35

An update on JISA would be appreciated!

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36

I would like.to great about the following:

  • timescales for comprehensive range of UK tax wrappers (JISA, LISA, etc)
  • Rest of road map
  • Growth strategy; where is growth coming from and how will it be profitable
  • finances; latest state of play, funding reqs, and latest views on potential exit
8 Likes
37

I agree it would be nice to be kept fully updated on the Direction and ideas Freetrade has for the future. It has been mentioned that Freetrade is now in profit by how much i donā€™t know but that being said i for one would be interested to find out when they envisage going Live on the Stock Market.

38

finally some sense hereā€¦anything else than exit strategy is indeed noise!
We are not donating our money to FTā€¦We want profits simple as that

7 Likes
39

that is certain for me! 9.25GBP is not coming back againā€¦hopefully we get half of it at least!

1 Like
40

It is a shame that at the moment a sale around the Ā£9.25 mark looks highly unlikely, but over time who knows :man_shrugging:t2: my personal thought is FT current share price is between Ā£3.50-Ā£5, but again nothing is for certain until an exit opportunity becomes available. This is one of the downsides to purchasing shares in private equity companies where the true value is hard to determine until an exit occurs.

2 Likes