Mogo Inc T.MOGO

Alternate Symbol(s): MOGO

Mogo Inc. is a Canada-based digital finance company. The Company provides simple digital solutions to help them in building wealth and achieve financial freedom. Its trade app, MogoTrade, offers lowest cost way to invest while making a positive impact with every investment. The Company also offers digital loans and mortgages. Through its wholly owned subsidiary, Carta Worldwide, the Company also offer a digital payments platform that powers card programs for both established global corporations and fintech companies in Europe and Canada.

TSX:MOGO - Post by User

Mogo Inc

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Post by ilikeznon Aug 11, 2020 11:13pm

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Post# 31396097

Raymond James comment after Financial Results - Outperform

MOGO INC. (MOGO-TSX | C$2.78)

Solid Q2 and Q3 Guide

STEVEN LI, CFA

RATING	Outperform 2
TARGET	C$4.00
SUITABILITY	High Risk/ Growth
MARKET CAP (MLN)	C$78
ESTIMATES	2020E EPS C$(0.52)
	2021E EPS C$(0.27)

Solid, in-line Q2 with better than expected strong FCF (+$7.3 mln; LY: -$8.2 mln). Q3 guidance implies ongoing positive FCF (we estimate ~$3.8 mln). A little early to have any take-up metrics on new products which are being launched as we speak. We have not seen many in the Canadian market bring multiple products digitally in one finance app. That makes Mogo intriguing to us.

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