I would be interested to understand what the strategy with Tbills as well? How are these going to be monetized?
Anyone else have a Black Logo at the top of the Forum now?
Do I smell a brand update?
I like it better
Whole theme has changed
I quite like the new dark theme it would be handy to toggle between the two but Hay. For me all i really want is a well functioning App that I can use and which is stable so I can Buy and Sell without any problems and this FREETRADE app does what I Need.
I have put forward some similar questions elsewhere in the forum but so far I have not had a response
Any date fixed yet for this @acamp
No fixed date yet, but I’m working on confirming that!
Some people here have said a sale of £9.25 is unlikely.
I’m curious as to what all of you are basing this on?
People have pointed out that Freetrade has finally turned a profit but you seem to think it’s valuation has gone down and will never recover if I’ve understood that correctly?
To come back to a £650m valuation Freetrade needs to generate around £40/£50m of annual profit (considering the multiples in the sector)
The raise at £9.25 baked in very lofty expectations about future growth that are no longer realistic.
You’d be better off looking at the expectations set at the previous raise at £2.60 and what has changed since then. That’s not to say it will never recover though.
Looking back it appears that the price per share was £0.96 in 2019 (rounded up from £0.955) and £2.51 in 2020.
Although I can see now that £9.25 share is definitely a very lofty goal especially with the way Freetrade has been going, I really hope the share price is still higher than £2.60 because going by the 2020 share price that would only be a 3.59% increase in just over 4 years (0.90% a year) which is abysmal (even with the 30% tax relief on-top).
The 2019 share price in comparison fares much better at 170.83% over 5 years (34.17% a year) which is decent considering, but honestly at least personally I’d have been much better off having invested that money in my normal portfolio.
Just hoping that there’ll be more positive news because I’m really regretting having been sucked into the hype. Lesson learned at least.
The problem is the dilution. My first round was at 18 million market cap. The market cap has 10x’d since then, but not the value of my shares. I spend a lot more of my time in crypto these days as the circulation is hard coded so they can’t play these games with dilution, preference shares etc. (not to say crypto doesn’t have its own shady games)
I think you will find when the IPO arrives in 2025/26 the shares will be approximately £10
If they raised at £10 a share would that make you feel better? Still would be no way to release your equity so the share prices arent worth looking too much into at the moment.