Freetrade H1'24 Investor Update and Call - September 2024

Unlikely to be an update on share price, Viktor can’t really speculate on that.

Really good update, looking forward to the call later on!

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Excellent detail on the update and obviously great progress has been made!

My biggest takeaway is the below comment. It’s sounding like Freetrade, being an agile fintech with a new 100% focus on the UK, will be able to take advantage of upcoming changes.

“We’re just scratching the surface of a rapidly changing investment platform market in the UK and we are positioned to seize opportunities to take our growth to the next level”

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Congrats to the whole team. Great work everyone :clap:t3:

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Good afternoon all, this is my first time logging into this forum, I just signed it few minutes ago. Looking forward for this evening’s update. Does anyone know if FT has any future plans to be listed in stock marker at any point? Thanks

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@gmarappa Everyone involved in previous crowdfunding rounds is hoping for some kind of exit strategy eventually, IPO to the stock market or acquisition.

Huge congratulations to the new CEO Viktor and the entire Freetrade team for a cracking year so far! Stepping back from immeditely entering the EU market can’t have been an easy decision but is to be commended.

Some great figures in the email update in comparison to previous years and the whole Freetrade team is absolutely smashing it with all the new feature updates and the web platform! Also well done on being part of the campaign for clarity on fractional shares in ISAs.

I’m particularly pleased by that increase in AUA and delighted to see that it’s come about from a targeted marketing plan - more of that please!

I won’t bang on about JISAs and LISAs but I hope we see the SIPP product continue to mature with features such as employer contributions in near to medium term? That seems to be a great avenue to increasing AUA even further.

The entire team from top to bottom and across the whole continent deserve to celebrate all of the recent accomplishments.

:cow::kiss:

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is there an IPO discussion?

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Graphics we need graphics( it’s from a movie)…

If we get questions I only have few.

Better graphs on the home page(options to see stocks gains ONLY and losses ONLY. Other options showing deposits etc or any other views that help a retail invested get accurate visuals) allowing zooming, step by step on Micro movements, allow a tag from a to b to test how much something has gained or made a loss on percentage and pounds.

Data that goes back way beyond 2019 so we can see a bigger picture on a stock.

Average share price instead of FfIFO

Employer contributions on SIPP although I hear it can be complicated using work place pensions.

Other than that looking forward to my first meeting as I missed the others due to work.

I forgot to praise the almighty freetrade sorry I was so caught up on my selfish needs that I forgot to give you a pat on the back :slight_smile:

PS - Just seen the email letter, great work that’s a very positive update and Im sure all the earily investors will be happy with that :). Looks like freetrade is pushing forward on the right tract. Freetrade just needs to keep going with the updates and the influx of revenue should follow…

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This cow is definitely grass fed you can tell the differences, of this cow goes to market it would definitely be delux, irresistible selection.

Its nice to see a happy cow

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Will the call be recorded please?

I’m afraid the number of 1h 2024 are not great:

  • FT is not gaining market share: £225m of net inflow is a very small number considering that in the first half of the year Aj Bell and Hl had each around £3.1bn of net inflow;
  • revenues in q2 are 4% lower than q1;
  • The number of clients with more than £5k declined slightly between 2023 and 2024;
  • revenues as % of AUM declined from 1.49% in q1 to 1.28% in q2. The reduction of interest rate will further accelerate the decline of revenues as % of AUM.
  • the impression is that FT is not growing in terms of new clients and that relevant investments in marketing will be required to try to gain market share vs the big players.
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Here’s the link: Launch Meeting - Zoom

We’ll kick things off soon!

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Has anyone received log in details for this evening’s update?

The link is in the post above yours :slight_smile:

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No fundraising currently planned.

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Alex managed to get one of my questions. I hoping he gets the average share price vs FIFO question I think many want to hear about that.

Also deposits screwing up the main screen is really annoying, so I hoping they dorks about that.

I got the SIPP question answered though. :slight_smile:

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JISA and LISA first half of next year?

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Sounds like it :), sounds like also work on the SIPP as well although it being harder

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No IPO is planned, growing the business is #1 at the moment. We need our revenue to be higher and have meaningful EBITDA first.

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