HI Felix,
I have a hard time with MOGO simply because it is trying to be so many things all at once. Last summer, it wasn't even a crypto platform - then it changed into crypto and is now targeting to be a commission free trading account. I'm just weary about companies that try to do to much to fast - can't be an expert on everything.
It even launched bitcoin cash back mortgages recently. I really have no idea what to make of this company - it is a fintech, yet revenue dropped from $59M in 2019 to $44M in 2020. Analysts are expecting a slight bump to $51M this year and back to 2019 levels in 2022 but I am not sure if they are under-estimating the company.
IT really is a very difficult one to put a handle on as it has transformed itself so many times over the past few months. The Moka acquisitions seems like a good deal as it gives them access to a large customer base, and if they can be adopted in their digital wallet that is a good thing.
I'm just not prepared to give any real outlook on this one until I see a clearer strategy, and if it can execute on this strategy.
Mat