1 Like
Youāre right both times!
An āExitā is just seen as any way in which investors would get any return that means they no longer have shares (So dividends donāt count) so could be any of the following;
- IPO
- MBO (Management buy out)
- Acquisition (selling to another company)
Note you donāt need to be stable in profit to do any of these but results will vary.
Thereās a few more but that probably covers the most usual ones, hope that helps fella!
5 Likes
Thank you for the repliy Andy 
1 Like
Hi @acamp . When you are able to provide the business update , would it be possible to also provide an approx valuation for the company and price per share ?
Thanks
GC.
4 Likes
If weāre doing requests, then can we get an update on the ācool Freetrade NFTā that encouraged me to stretch to a Ā£10,000 investment in the R7 crowdfunding? Itās been 2 years, 3 months, 22 days since @Viktor said:
ā¦ and all I seem to have is a worthless NFT sitting in a digital wallet and the joy of being ignored everytime I mention it.
13 Likes
Personally Iād rather wait for at least a few consistent quarters of profit before an exit. I think weād get a better price
9 Likes
I was thinking exactly the same! I would rather wait than sell the business at a discount valuation. In a few months, maybe a year, businesses will be back at premium valuations, which will make a huge difference. I am in no rush to sell.
In any case, who is inside the business will be able to get the proper insights and have the tools to assess the situation. If they are still struggling, maybe a sell now might be the best choice. I am confident that the management will have the shareholders best interest in mind!
4 Likes
Guys be patient IPO 2025 
By that time we should have approximately Ā£3 billion AUA so Freetrade will have an approximate valuation of Ā£800 million.
ā Nutmeg will now be wholly owned by JP Morgan. No financial details of the transaction were disclosed but Reuters has reported that the sale cost around Ā£700 million (ā¬819 million) Nutmeg has assets under management of around Ā£3.5 billion and more than 140,000 clientsā
2 Likes
Is Victor still in Freetrade?
3 Likes
Hi @Dashriprock - we wonāt be providing an approximate valuation or share price. Since our shares donāt regularly trade on an exchange, the only time that we set a share price and valuation is when we raise or sell any equity. This tends to be determined by a mix of what investors are willing to pay and valuations of comparable companies.
@ravi.ramireddy Yes Viktor is still here
11 Likes
Thanks for the prompt reply and update. Appreciated.
GC.
1 Like
You are but a mere cow
3 Likes
(Copied from a discussion I posted today on Crowdcube. I appreciate some points have been made already in this thread, but posting it in full for completeness.)
Hi,
I would kindly ask why we donāt appear to receive updates on the performance of the company? The most recent accounts I can find on Companies House is Sep 22. Freetrade raised a lot of money from investors on this platform, it would be nice to be updated. It feels like Freetrade founders are happy to take our money when itās funding time, but then put us at the bottom of the pile when you have our money. Do your larger investors have to wait this long for updates?
In terms of competition, it would be appreciated if management could provide some commentary on the current environment. Trading 212 are making a massive push, with their ads popping up everywhere, from YouTube to social media. They are offering some of the most competitive rates on cash I have seen (in numerous currencies too). Circa 5% on GBP vs Freetrade at 1% in the GIA free plan. Fx fees at 0.15% vs 1% on Freetrade. Seemingly better stocks available without any sort of subscription required to access them. Whilst I appreciate that there are different business models out there, can management explain how Freetrade will compete with this? Can Trading 212 sustain these product offerings and its business model at these prices and be profitable sustainably? If management believes it cannot, help us understand why. If management believes it can, how is Freetrade going to counter this with the current model and product offerings? Robinhood has now launched too. Naturally, a massive player who will be looking to step on Freetradeās turf. 5% on USD cash, with no fx or commission on trades, as well as 24/7 trading. Questions have been asked about whether they will make enough money without PFOF and whether they will be able to offer margin trading in the UK. Is management confident that the current Freetrade business model will stand the current tests it is facing against Robinhood over the next few years? Same as above- does management think Robinhood will be able to be profitable and sustain this business model in the UK? If not, why? If so, what will Freetrade do (or refrain from doing) in response to this? I appreciate that Freetrade is pushing toward reducing cash burn and reaching profitability sooner, vs rivals who may have bigger war chests to use. Commentary would be useful.
I have been a user of Freetrade as soon as I found out about them and couldnāt recommend them more to those in my life since then. A friend recently asked about Trading 212 and which broker is best, given I had encouraged him to open a Freetrade account in the past. I couldnāt in good faith say Freetrade has the better offering. As a customer and investor, I find this concerning. More regular engagement from management on topics such as these would prove very beneficial, in my opinion.
17 Likes
Why are you asking Freetrade management to speculate on other companies? By all means request more engagement from Freetrade to its own investors,but donāt ask them to speculate on other companies. We are all looking for more updates BUT you also have to have some confidentiality regarding the financial side of the business! If for example Freetrade announce a massive uptake in SIPPās other competitors could target their advertising towards SIPPās and therefore damage Freetrades offering.
I will say that I think everyone is going to be pleasantly surprised by the numbers that are released.
1 Like
Letās hope so! 
1 Like
Yes if we ever get the numbers.
1 Like
Hello everyone,
As a resident of the Netherlands eagerly anticipating the arrival of Freetrade since I first caught wind of it on their old roadmap promising its expansion into my country back in 2020, Iāve experienced quite the journey. Despite the prolonged wait, Iāve remained committed to Freetrade, even becoming a shareholder through multiple crowdfunding rounds. In 2021, after some correspondence with @Viktor, I was graciously granted beta access to the app for testing purposes, a gesture that spoke volumes about their dedication to their community, despite the service not yet being officially available in the Netherlands ( I was proudly on the the first 100k customer). However, my beta testing journey was abruptly interrupted when Freetrade officially launched in Sweden due to EU regulations.
Being an investor, I understand the significance of timing in the market and the power of compounding. Consequently, I couldnāt afford to wait indefinitely for Freetrade. This prompted me to explore alternatives, leading me to open accounts with Etoro and Trading 212. While I found Etoro to be exceptional and intend to continue using it, my experience with Trading 212 left much to be desired. Despite their impressive product offerings such as Pie investing with auto-rebalance and fractional trading (US, UK and EU stocks), I found their user interface cumbersome and the design subpar.
In comparison, Freetrade stands out as a more refined and user-friendly platform. Though they may have some ground to cover in terms of product offerings compared to Trading 212, their appās interface is leagues ahead in terms of simplicity and smoothness.
Despite encountering a few setbacks in the past, my loyalty to Freetrade remains unwavering. I believe in their potential to bridge the gap with competitors like Trading 212 in terms of product offerings while maintaining their superior user experience.
Hereās to hoping that my patience will be rewarded, and that the affinity I hold for Freetrade is reciprocated in due time.
15 Likes
I understand your point regarding confidentiality. I feel it applies more to future products and offerings than it does to products and information that is already public. In terms of finances, Freetrade can publish numbers whilst using best judgment in not reporting certain sensitive metrics if need be.
In terms of speculating on other companies, they arenāt just any other companies, they are Freetradeās direct competition. What they do, and subsequently what Freetrade does within the competitive environment they compete in, has a direct cause and effect on the failure or success of the business. Now I appreciate that it is not possible for Freetrade to be a fly on the wall of their competition boardrooms. However, Robinhood is public. Their numbers are public. They are a highly publicised competitor in terms of what they do and how they make their money. Trading 212 appears to be private, but I assume (perhaps incorrectly) that they will have to file accounts on Companies House in the UK? I would expect the Management and owners of our rivals to naturally know the most about their own companies. I would argue that next on that list should be the management of their rivals (us). The company does not operate in a vacuum. Everything it does will always be in competition with these rivals. As such, I respectfully put forward my view that it is in our best interest as shareholders to hear from management on this topic. I donāt expect them to speculate on things they canāt possibly know, or on future actions of their rivals, but I would like their comments on things that they would know, and should know, such as rivalās business models and product offerings vs ours. That is reasonable. If I owned shares of Walmart, jumped on an earnings call and heard the CEO say he doesnāt know what Costcoās business model is, I would hop right off and sell my shares immediately. It is not speculating, in my view, to get an understanding of how management views Freetrade vs its competition in the current environment. If management is steering the ship in the right way with its strategy, product offering and pricing, then they should have no issues commenting on this.
The reality is Founders and management earn their salaries from investor funds. It is reasonable as a shareholder to be able to have this sort of communication with those in charge of managing the company in which we own a share. At the end of the day, they work for the owners of the company. I read communications higher up in this thread that mentioned something along the lines of staff being very busy and will look at the issue of updates. To me, this shows the company views its crowdfunding investors much the way politicians view their voters. Happy to engage when they need funding (votes), and then you donāt hear much after that unless we kick up a fuss. As a shareholder, I donāt understand this. Freetrade, at one point, was valued at over half a billion pounds. More recently nearly a quarter of a billion. That is not small change. A company that size, with the corporate structure and funding it seems to have, should have the resources to communicate with its shareholders. My personal preference would be every six months. Quarterly is a waste of managementās time and everyone elseās. Not enough can change in 3 months to justify them producing and us combing through the numbers so regularly. Whilst my investment alone may seem like chump change to some, and may be insignificant to the big fish who have invested alongside me, the truth is all of our investments pooled together have helped fund this company and get it to where it is today. In order for me, a small fish, to feel comfortable with investing my hard-earned money, I want a management team that builds trust with its owners through honesty and transparency. If I were a betting man, I would bet that the large VC investors wouldnāt receive the response we did if they asked for an update. Currently, it seems we are merely an afterthought. Itās not acceptable.
3 Likes
I agree that Freetrade has a better UI than Trading 212. The Trading 212 experience can be a bit clunky and cluttered. I also like the treasury product and the ability to buy and own directly, vs money market funds. Still waiting on the communication from Freetrade on what the custody charge will be, as they promised when launching the product. I still hold most of my investments in Freetrade because I prefer the app and user experience, I was with them first before I opened accounts with others and donāt want to have to transfer my holdings, and because I am an investor and it makes sense to support the company I invested in.
Hereās an interesting hypothetical. If Trading 212 redesigns their app and greatly improves their UI, which isnāt done easily overnight, but equally isnāt that difficult to do in the greater scheme of things in the long term, how would you justify staying with Freetrade? I have been loyal to Freetrade for the reasons mentioned above, but I feel my loyalty is being tested. I donāt know how to justify paying 1% Fx vs 0.15%. I donāt know how to justify earning 1% on cash (and capped) vs 5% on cash and seemingly no cap? I appear to have greater access to UK and European stocks too that arent on Freetrade or are restricted for the paid plans. These differences arenāt even marginal either. They are different by multiples. 5x more interest on cash? Fx fees 6 times cheaper? Not to mention the free ISA, interest on other currencies. I mean they even announced a card with 0.5% cashback.
6 Likes
Great feedback and I hope you are rewarded for your honest feedback.
If you compare the fact that T212 is 22years old with Ā£3.5 billion AUA and Freetrade has Ā£2 billion AUA IN 6 years. that to me says everything about the clientele that Freetrade are attracting.
3 Likes