Voyager Digital Ltd VYGVQ

Forecast February 28 AUM of $1.3 billion US

[nozzpack]

I forecast $800 million AUM at exit January/21 in an earlier post.....see below.
That forecast was spot on..
Growth rate in the last two weeks of January was $150 million per week.

This would suggest an AUM of $1.4 billion at exit February.
I will moderate that to $125 per week which suggests a February exit AUM of about $1.35 billion US or about $1.65 billion in cad
Coinbase is expected to trade at 2.5 times its AUM.
This would suggest a fair value of about $4 billion CAD on forecast February AUM of $1.65 b CAD

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$1 Billion in AUM Very Soon

Lets look at the growth in AUM recently.

November 6/20.......................................$100 m
December 24/20.....................................$200 m
January 11/21.........................................$350 m
January 15/21.........................................$500 m

Its pretty obvious that growth rate in AUM is accelerating as we have gone forward.
Todays NR shows that growth has not slwed down.

Extrapolating to January 31/21, it looks like the AUM should be in the $800 million to $1 billion range

Coinbase trades at 3.0   times its AUM.

Our market cap on January 31/21, based on Coinbase as a peer, should be in the $2.4 billion to $3 billion range ( $18.50 to  $23 per share  range ).

So lots of upside as our growth continues to accelerate at  a pace of $150 m gains in AUM per week in January/ 21.

This growth rate in AUM suggests that, if sustained, for the next 47 weeks, our AUM could exceed  $10  billion at exit 2021 which translates into about $ 75  per share..