Wait until they announce a date for crowdfunding or it’s just people shouting random numbers?
It’s live … and yes @hookedinvesting
It makes it even more exciting
Mostly* random.
I created a spreadsheet that uses a predictive algorithm I like to call PerformanceVelocity™️ to determine future share prices (based on how frequently raises are, dilution, and increase in company valuation).
This is it for the next few months. I’m just pulling a figure from it:
*completely random and should be ignored
A very reasonable prize would be a Tesla share and socks.
Or 100 freetrade shares
If they post this on Instagram loads of people would totally sign up to join the community forum.
My guess is shinty six pounds.
You can do all the share price spreadsheets you like (one of the forum members keeps a really sophisticated one you can access on Google Sheets) but given the valuation has roughy tracked £1000 per user across all the share raises the simplest formula is just: current user numbers x £1000 = £valuation. For share price divide by outstanding shares which is around 70,000,000 I think
I wish there was only that many shares I would be sooo much richer on paper
Ha ha. Good point, will edit
I suddenly feel soo much poorer
It’s definitely gonna be £13 a share, because that’s how many RED FLAGS Billy from the freetrade social media team put on his twitter response about the valuation
That was like a month ago. Surely 14 or 15 flags by now
Impressive
That figure is pretty low tbh, Hargreaves Lansdown customers accounts as a comparison are about 100 x larger.
No hate on Freetrade, I am an investor, but account values are so low. Hopefully that improves significantly over time.
That is not hate, just facts, and interesting TBF.
Average user balance £909.
Much higher average user balance than Robinhood which is $240 ish
I would imagine this is soo low due to people signing up for a free share and that is it. I am shocked it is so low TBH.
Wow that’s extremely low, I knew the memestock stuff would drop the average per user so I had 1.8 in my model, but clearly I massively overestimated it.
I figured SIPP transfers alone would probably be close to 500m by now, which paints a pretty poor picture for all the new GIAs this year.
Its crazy to think for every £100k account there must be about 99 x £2 ones to get that average. Heck even my relatively small portfolio on this platform must offset a few