You may be right longer term but you are going to get diluted to all hell when the inevitable equity raise comes

(http://www.autoadmit.com/thread.php?thread_id=5461036&forum_id=2#47174148)

Company is almost at break even

Massive growth, 28%. Losses down 90% YoY — from $45M to $4M (and 99% measuring by EBITDA). Some previous quarters they hemorrhaged $70M. Only -600k EBITDA. The highly unprofitable and now shuttered food delivery business was still operating last quarter, too.

still plenty of cash on hand and no debt. New, young CEO has made a tremendous turnaround since Jumia dumped its founders 18 months ago.

Should be profitable this year.

(http://www.autoadmit.com/thread.php?thread_id=5461036&forum_id=2#47404690)

https://twitter.com/CitronResearch/status/1758141133996306811

Citron Research

@CitronResearch

OMG. Jumia $JMIA just put up one of the most impressive quarters EVER. Revenue up 28% while operating loss down over 100% (constant currency). EBIDTA loss down 99%. The Jumia brand has become so strong that they grew revenues while eliminating unprofitable categories and slashing sales and marketing expenses. Jumia has become the only company at scale that can move: goods, services, money, and people across Pan-Africa. We can write volumes on the turnaround and we will. The African media has already picked up on the transformation.

https://twitter.com/CitronResearch/status/1758145753644769541

Amazed at the Jumia transformation. Stock can easily trade up to $10+ on just the optionality of owning a company that does not burn cash that owns the mindshare, logistics, payments, of billions of underserved people. That is why Starlink partnered with Jumia...the obviously went through a vetting process. Can wait to read analysts reports.

https://twitter.com/CitronResearch/status/1758149217695195576

Consider this if $JMIA traded at 5x sales comped to $Meli, it puts $JMIA at $15. More importantly, Africa is an underpenetrated and faster growing region than Brazil. Nigeria and Kenya only has brighter days in future with new government dedicated to tech and ecom and Jumia IS the brand.

(http://www.autoadmit.com/thread.php?thread_id=5461036&forum_id=2#47404826)

and if its acting like this today with QQQ down on an opex friday, what is it going to do on monday / tues of next week with a normal week and volume? set to really explode

(http://www.autoadmit.com/thread.php?thread_id=5461036&forum_id=2#47409140)

i recently bought back in at 5.40 and am up $200k again but i'm going for the grand slam this time. i hope it climbs slowly over the next year or two into something really huge. but if it suddenly pops to $50+ i think i'll have to sell.

thank xo!

(http://www.autoadmit.com/thread.php?thread_id=5461036&forum_id=2#47827544)

https://ibb.co/VLxMHyq

(http://www.autoadmit.com/thread.php?thread_id=5461036&forum_id=2#47453101)

then we’ll see

(http://www.autoadmit.com/thread.php?thread_id=5461036&forum_id=2#47453110)

(http://www.autoadmit.com/thread.php?thread_id=5461036&forum_id=2#47453459)