sb
Posts: 166 
Likes: 118
|
Post by sb on Apr 22, 2018 21:10:10 GMT
Interesting read, especially Net Turnover of €33.5M and "Other Operating Expense" Note 7 of €30.5M leading to a loss of €2M (almost) Well it's a startup, so I hope things turnaround for them and they become profitable. I've just read it. To me it looks like either they were having lots of fun spending all the money or the accounts are dodgy. 3mln on management staff, 0.8 mln on software, 1.2mln on marketing, around 1mln on donations, sponsorship, team building events, business trips etc. They paid us below 2mln in interest for around 20mln we lent them to fund their operations , they made 35mln in interest income/charges on 28mln loan portfolio, lost 30mln on defaults (including 1mln loss on FX).
|
|
|
|
Post by oneguy on Oct 30, 2018 23:22:48 GMT
Any news from the company when any newer financials would be published?
For a certain period of time it could be a competitive issue that they don't want their results out, but once again feels something dodgy when they don't want their financials out in a reasonable time.
They have been sitting on their (un)audited 2017 results for almost a year. It's soon 2019 while the latest financials are from 2016 showing a loss and a heavy dependence on the Georgian market & its currency. Based on that information would you invest? Guess it's ok for plenty of people...
|
|
|
|
Post by captainconfident on Oct 31, 2018 19:07:28 GMT
Every time I think about Twino's accounts, or the lack of them, and whenever anyone posts in this thread, I withdraw 400 euros from Twino. In the last year, my investment has gone from 12k to 4.6k. I worry a lot!
Mind you, the fact is when I have a worried thought, there usually turns out to be about 400 euros uninvested at that moment. Twino reinvestment seems very lumpy compared to other sites. If they didn't let the cash drag, I'd probably leave things be.
|
|
