Globe says Mackie's Thadani keen on Mogo Finance 2017-04-27 07:43
ET - In the News The Globe and Mail reports in its Thursday edition that Mackie Research Capital analyst Nikhil Thadani recommends buying Mogo Finance Technology ($3.75). The Globe's Jennifer Dowty writes that Mogo has a market capitalization of about $70-million. Mr. Thadani has high expectations for the stock. Mogo is not a bank or a mortgage lender. Mr. Thadani says there are multiple potential catalysts such as the potential to reach one million members via existing organic growth channels in a few years. There is operating leverage in the model, and new fee-based products provide growth opportunities with lower capital needs. In addition, new products like new savings accounts, credit cards, wealth management (robo-advisers) and money transfers could drive additional revenue growth. Mr. Thadani says: "We're looking at Mogo as a revenue growth story. My $6 target price represents a 2018 enterprise value-to-sales (EV/ Sales) multiple of approximately three times on a net basis. Peers are trading at an average EV/sales multiple of about 3.5 times. Globally, investors are seeking fintech exposure and Canada has produced some good fintech success stories, Mogo should be looked at similarly."
Der Kurs in Deutschaland geht im Vergleich zum kanadischen Kurs durch die Decke. Der Kurs in Euro sollte bei 2,85€ stehen, gemessen am Kurs in Toronto von 4,28 CAD. Eine aktuelle Meldung gibt es aber bis jetzt nicht. Hier noch eine Meldung vom 17.05., die aber sehr erfreulich klingt:
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