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Post by nellerdk on Jul 8, 2017 12:40:06 GMT
MOGO is listed on the stock exchange, and I did a little research to find out how they are doing financially. MOGO's historical stock price: ( Source: Morningstar.com ) There are several ways to interpret the above data. Obviously, if you had bought MOGO shares at the start of the graph, you would have a loss today. However, the recent uptrend in the stock value looks promising. The stock market is a brutal place, and if nobody had confidence in MOGO, we would not see the recent price increase in the stock price. I tried to look for bank analyst opinions of the MOGO stock, and I found this: Source: markets.ft.com/data/equities/tearsheet/forecasts?s=MOGO:TOR&mhq5j=e3The above data from FT.com looks alright, and it matches the stock price development somewhat. From my hitherto analysis, investors should not be afraid of MOGO loans. I acknowledge that this presented data might be a little bit esoteric to stock market wizards, so please let me know if there is something I should explain in more detail. :-) Hope you guys find this to be useful. Cheers.
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Post by gmaxkenny on Jul 8, 2017 13:48:21 GMT
The company you are showing is based in Vancouver Canada where as the Mogo Finance on Mintos is in Latvia. I dont think the companies are related are they?
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Post by rahafoorum on Jul 8, 2017 15:58:48 GMT
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Post by nellerdk on Jul 8, 2017 16:42:16 GMT
sorry about the mistake
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Post by explorep2p on Jul 8, 2017 20:34:56 GMT
Mogo is actually performing very well. It made €2.5 million net profit in the last quarter, has €10 million of equity, and has profit margins in the 40% region which is extremely good for a financial services business. This means that they are earning a lot more in interest than Mintos investors, but this makes them a good counterparty for the buyback guarantee offered, as they are financially strong. In our review of Mintos we list Mogo as one of our preferred lenders on the platform, along with some others.
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