TSX:MOGO - Post Discussion
Post by
ndiamond on Jan 11, 2022 1:18pm
Raymond James - note on Mogo
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| | | RATING | Outperform 2 | | SUITABILITY | MA/ACC | | MARKET CAP (MLN) | C$246 | | ESTIMATES | 2021E EPS C$(0.55) | | | 2022E EPS C$(0.47) | | |
| We view MogoTrade as a next-gen trading platform. They recently launched free commission trading for stocks. We expect crypto trading to follow, and down the line potentially NFTs (given Mogo’s option to go up to 50% of NFT Trader). In terms of price paid, our estimate of single-digit $mln looks attractive given OpenSea’s — the leading NFT marketplace — recent round of venture funding. The investment in NFT Trader adds to Mogo’s growing portfolio of digital assets and investments, which totaled approximately $150 mln (~$2/share) at the end of 3Q21 (including Mogo’s book value of its investments in Coinsquare). | | |
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