Categories
Stock Market Tech

Can I Open a Webull Account in the UK?

Currently – No.

Webull is currently only available in the US, Brazil, Japan, and India and is yet to go live in the UK.

However, it is only a matter of time before it makes its way to the UK.

Categories
Business Stock Market Tech

Deliveroo Financials 2020 YOY

Deliveroo is planning to go public at a valuation of around $7 billion USD. Here is a quick breakdown of some of their numbers that have just been released.

  • Gross Transactional Volume (GTV)
    • 2020 – £4.1 billion
    • 2019 – £2.5 billion
  • Gross Profit
    • 2020 – £357.50 million
    • 2019 – £188.70 million
  • Operating Profit / Loss
    • 2020 – £-223.70 million
    • 2019 – £-317.30 million

These number make for hard reading, but it seems like there is a real path towards profitability – but it feels like it is going to really require mass scale of nearly £10 billion per year in GTV to get there.

However, Deliveroo have the ability to start new product lines and delivering in other areas as well as corporate contracts, plus geographic expansion.

Technology stocks are currently dropping fast – so it will be interesting to see if there is an appetite on the London Stock Market for a heavy losing technology company with growing scale.

Categories
Finance Stock Market

GME and AMC are Killing Short Sellers and Its Great!

Wallstreetbets is a sub-reddit where they wanted to try to build a community to for the big short sellers out of certain stocks, but what they didn’t realise is that they can really kill these companies with the power of the retail investors.

Short Seller percentages of outstanding stock:

  • GME = 102% Short Sellers
  • AMC = 18% Short Sellers

Most companies tend to be below 2% in short sellers.

At the time of writing this GME is up to $337 per share (up 128% in one day) and AMC 19.35 per share (up 286% in one day).

The community seems to be using their retail power to try to force these short sellers out of the market and make them bankrupt.

Stick it to the man!

Categories
Business Tech

Is the S&P 500 Over Weighted in Tech Stocks or Not?

The S&P 500 is an index of some of the leading companies in the United States. The S&P 500 doesn’t push extremely high in one area as its supposed to show a cross section of America.

Here is the breakdown the S&P 500 by Market Sector:

As you can see there is a very broad cross section of companies in all sectors of America. Technology is the leading sector, but it’s not the whole S&P 500.

Categories
Business Stock Market Tech

Tesla Shares See Their Biggest Ever Single Day Decline!

Tesla shares have finished the day at 21.06% down. This is the biggest single day share decline for the company in its history.

Why this matters: Tesla is a company going after a big dream. However, it also seems to be the company that is riding a very high valuation based on very little fundamental numbers being it. Revenues have increase 14% in the past 12 months, but the share price has increased 573%.

My views: I love the company and I love what they are trying to achieve, but it seems like they have become the poster child for a heavily overpriced stock market based on poor fundamentals.

Categories
Business Stock Market Tech

Is Xiaomi Listed on a Stock Market and Is the Xiaomi Profitable?

Yes – Xiaomi listed on the Hong Kong stock market under the ticker (1810.HK)

Yes – Xiaomi is a profitable company at the time of writing this article. Xiaomi generated $1.1 billion in Operating profits for the year end 2019.

Categories
Business Finance Stock Market

What is the Difference Between Berkshire Hathaway BRK.A and BRK.B Shares?

There is very little difference between Berkshire Hathaway’s BRK.A and BRK.B shares.

BRK.B shares were created because Warren Buffett noticed that the BRK.A shares were growing considerable high is cost per share and that these shares were less obtainable by the average retail investor and could only be purchased by either very wealth individuals, unit trusts or mutual funds.

Thus, Warren decided to create BRK.B shares to provide the average investor with the opportunity to purchase shares in Berkshire Hathaway without the huge cost associated with BRK.A.

There are other very small differences, but the above is the only one that really counts.

Categories
Business Stock Market Tech

Asana Files to Go Public via Direct Listing on NYSE – Asana by Numbers!

Asana is one of the world’s most popular project and task management software (we use Asana in our office). A week ago Asana filed to go public on the New York Stock Exchange.

Instead of an IPO – Asana has elected to file for a direct listing (which means that they aren’t selling any new shares in the listing only the existing ones).

By the numbers:

  • For the year ending Jan. 31, 2020, Asana had a loss of $118.6 million on $142.6 million in revenue. For the year ending Jan. 31, 2019, it lost $50.9 million on $76.8 million in revenue.
  • The company says it has more than 3.2 million free account users and 75,000 paying customers with a total of 1.2 million paying users across 190 countries.
  • Asana’s biggest shareholders are co-founder and CEO Dustin Moskovitz, Benchmark Capital, Generation Management, and Founders Fund.
  • According to its most recent secondary trades, Asana’s stock traded at a volume-weighted average price of $15.82 in fiscal 2020, $15.98 in Q1 2021, and $17.26 in Q2 2021.

Categories
Business Stock Market

Is Alibaba a Trillion Dollar Company?

No.

At the time of writing this article Alibaba (BABA) has a market cap of $545 billion.

Source: Yahoo Finance (BABA)

Categories
Stock Market

What is the Difference between Xiaomi XIACF and XIACY?

If you searched for Xiaomi ADRs, you’ve inevitably come across both XIACF and XIACY. What’s the difference? You cannot trade XIACF as a retail investor because it’s a “privately placed” ADR under SEC Rule 144A. This means that they’re for qualified institutional buyers (QIBs) only. QIBs want and contribute to the 25x higher average trading volume than XIACY. Volume ensures there are enough buyers and sellers to trade with you. Information and services are also limited to QIBs.