Bullboard - Stock Discussion Forum Jumia Technologies AG JMIA

Jumia Technologies AG is a Germany-based e-commerce platform provider. The Company’s platform consist of sellers with consumers, its logistics service, which enables the shipment and delivery of packages from sellers to consumers, and its payment service, which facilitates transactions among participants active on the Company’s platform. The Company’s marketplace is consists of a range of... see more

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Jumia Technologies AG > What Happened Today

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Post by ConstantTrader on Aug 12, 2020 1:38pm

What Happened Today

The 2nd Q report was not that bad, trying to understand the drop in price? That being said, still holding and will continue to buy. Company is heading in the right direction and has been dubbed the Amazon of Africa. I don;t understand the drop.

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Comment by DreadBeard on Oct 12, 2020 12:13pm

IMO- The drop you are refering to in my opinion was because people over bought on the hype, but JMIA was doing a lot of humanitarian type discounts during CoVID, the earnings weren't near what was possible. However that being said, those humanitarium efforts should do a lot for the company in the long run bringing in far more customers to greatly increase their business for future quarters ...more

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