|
|
| Line 1: |
Line 1: |
| [[File:Stockhub logo icon meta tag.png|thumb]]
| | == Summary<ref name=":0">Source: Knight Frank, Kensington.</ref> == |
|
| |
|
| Making more money for everyone (and not just the limited wealthy!).
| | <gallery mode="slideshow"> |
| | File:65809_KEN012251847_IMG_00_0007.jpeg |
| | File:65809_KEN012251847_IMG_01_0009.jpeg |
| | File:65809_KEN012251847_IMG_02_0005.jpeg |
| | </gallery> |
|
| |
|
| {| class="wikitable" | | {{Real estate key information |
| |+ Key information
| | |Location= Vicarage Gate, Kensington, London, W8. |
| |- | | |Asking price= £20,000,000 |
| | Risk/return|| High
| | |Property type= Terraced |
| |-
| | |Bedrooms= 6 |
| | Price per share|| £10
| | |Size= NA |
| |-
| | |Tenure= Freehold |
| | Asset class|| Equities
| | }} |
| |-
| |
| | Industry|| Fintech
| |
| |-
| |
| | Country of incorporation|| United Kingdom
| |
| |-
| |
| | Minimum investment amount|| £10
| |
| |-
| |
| | Maximum investment amount|| £500,000
| |
| |- | |
| | Current valuation|| £4,000,000
| |
| |- | |
| | Investor type|| All
| |
| |- | |
| | Tax schemes|| SEIS/EIS | |
| |- | |
| | Bid/ask spread|| 0%
| |
| |-
| |
| | Commission amount|| Zero
| |
| |-
| |
| | Market|| Private
| |
| |}
| |
|
| |
|
| ==Summary== | | == Key features<ref name=":0" /> == |
| | * 6 bedrooms |
| | * 4 reception rooms |
| | * 7 bathrooms |
| | * Steam room, Treatment room |
| | * Lift |
| | * Modern |
| | * Garden |
| | * Gym |
| | * Patio |
| | * Swimming Pool |
|
| |
|
| * The mission of the company is to make more money for everyone (and not just the limited wealthy!).
| | == Property description<ref name=":0" />== |
| * The company is led by the former principal investment analyst of one of the world's wealthiest persons.
| | This beautiful six bedroom house has been meticulously extended, designed and refurbished to provide superior living accommodation with up to the minute entertaining facilities. The house includes stunning features, such as a master suite occupying the entire first floor, bespoke kitchen, swimming pool complex and a glazed light well presenting an open view to the kitchen/breakfast room to the rear of the house and providing an abundance of light to the floors above and below. The accommodation compromises principal bedroom suite with dressing area and en suite bathroom, five further bedrooms, four en suite bathrooms, one en suite shower room, reception room, drawing room, dining room, kitchen, breakfast room, study, media room, dance studio, dressing room, swimming pool, shower, cloakroom, utility room, garden, two terraces, passenger lift and storage vault. |
| * The company has developed the world's first (and only) open collaborative investment research platform.
| | Vicarage Gate is conveniently located for the many shops, restaurants and amenities on Kensington High Street and Notting Hill. Kensington Gardens is close by. For excellent transport links, Kensington High Street (District and Circle lines) and Notting Hill (District, Circle and Central lines) Underground stations are both a short walk away. Motorists will enjoy close proximity to the motorway routes towards the west and Heathrow Airport. |
| * Evidence suggests that enabling investment research to be produced open collaboratively will, in time, result in the democratising of investment researh, and, ultimately, make more money for everyone (and not just the limited few who can afford to pay the $30,000 per year charged by the liked of Goldman Sachs for investment research!).
| |
| * To date, the Stockhub platform covers 60 investments, and is growing at a rate of 30 investments a day.
| |
| * The Stockhub company estimates that the expected return of an investment in the company over the next five years is 3,000x. In other words, an £1,000 in the company is expected to return £3.0 million in five years time.
| |
| * The degree of risk associated with an investment in Stockhub is higher than in a company that's trading on a public market (such as, HSBC).
| |
|
| |
|
| ==Operations== | | == Floor plan<ref name=":0" /> == |
| | [[File:65809_KEN012251847_FLP_00_0000_max_296x197.png]] |
|
| |
|
| === How did the idea of the company come about? === | | == Actions == |
| | To invest, call +44(0)20 8012 3475. |
|
| |
|
| The idea of the Stockhub company came to the now founder of the company when he developed a strong desire to make more money. Researching into how to make more money, he realised that one of the best ways to make more money is to invest in investments. The problem he had was that he didn’t know what to invest in, and deciding what to invest in took a considerable amount of time. He also realised that there were many people that felt the same way as him, with the average person rating their desire to make more money at 8 out of 10 and the main struggle experienced about making more money being a lack of time. In his quest to make more money for himself and people like him, the Stockhub company was born.
| | To learn more, call +44(0)20 8012 3475. |
|
| |
|
| ===What's the mission of the company?=== | | == References and notes == |
| | | <references /> |
| Stockhub Limited is a company that’s on a mission to make more money for everyone.
| | [[Category:Real estate]] |
| | | [[Category:United Kingdom]] |
| ===What's the flagship product of the company?===
| | __INDEX__ |
| | |
| Its first product is a free-to-access investment research platform. What makes the platform unique is that the research on the platform can be edited by anyone!
| |
| | |
| Evidence suggests that enabling investment research to be (easily and anonymously) edited by anyone will, in time, result in free-to-access high-quality research on the largest number of investments. <ref>{{Cite web |url=http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.706.5770&rep=rep1&type=pdf |title=Almost Wikipedia: Eight Early Encyclopedia Projects and the Mechanisms of Collective Action}}</ref> In other words, it will result in the democratisation of investment research, and help make more money for everyone.
| |
| | |
| [[File:Stockhub report example.png|centre|400px]]
| |
| | |
| As of 11th March 2022, the Stockhub platform provides investment research on 60 investments.
| |
| | |
| The link to the product can be found here: https://wiki.stockhub.co:447/main/index.php?title=Main_Page
| |
| | |
| The next key milestone of the company is to increase the number of investments on the platform to 1,000 investments by 30th June 2022.
| |
| | |
| ==Market==
| |
| | |
| In order to help make more money for everyone (i.e. achieve the mission of the company), the company has decided that the best monetisation method of Stockhub is advertising.
| |
| | |
| === What's the total addressable market of the company? ===
| |
| | |
| Here, the total addressable market (TAM) is defined as the global advertising market, and based on a number of assumptions, it is estimated that the market will grow, in terms of revenue, to $762 billion by 2024. For comparison purposes, it is estimated that the TAM as of 31st December 2020 is $578 billion.
| |
| | |
| === What's the serviceable available market of the company? ===
| |
| | |
| Here, the serviceable available market (SAM) is defined as the global investment advertising market, and based on a number of assumptions, the company estimates that the market will grow to $183 billion by 2024.
| |
| | |
| === What's the serviceable obtainable market of the company?===
| |
| | |
| Finally, here, the serviceable obtainable market (SOM) is defined as the global investment advertising market that is represented by the ‘Analyst’ personality type (i.e. the target audience of the Stockhub product), and based on a number of assumptions, we estimate that the market will grow to $19 billion by 2024.
| |
| | |
| ==Competition==
| |
| | |
| The closest competitors to the Stockhub platform, in a range of key categories, is Robinhood (category: investment platform), Goldman Sachs Research (category: investment research platform), Google Search (category: general information platform) and Bloomberg Terminal (category: financial information platform).
| |
| | |
| ===Investment research providers===
| |
| | |
| {| class="wikitable"
| |
| |+ Competition comparison
| |
| |-
| |
| ! !! Stockhub !! Seeking Alpha !! Goldman Sachs Investment Research !! Edison Investment Research
| |
| |-
| |
| | colspan=5 style="text-align: center;" | How is the research produced?
| |
| |-
| |
| | Type of production method? || Crowdsourced, fully decentralized production || End-user-paid-for, crowdsourced, centralized production || End-user-paid-for, insourced, centralized production || Sponsor-paid-for, insourced, centralized production
| |
| |-
| |
| | How many entities are able to contribute to the production of any specific research report? || style="background: green; color: white;" | Unlimited|| One || One || One
| |
| |-
| |
| | How many entities are able to contribute to the production of the entire research? || style="background: green; color: white;" | Unlimited|| style="background: green; color: white;" | Unlimited|| One || One
| |
| |-
| |
| | How many entities are able to contribute to the approval of any specific research report? || style="background: green; color: white;" | Unlimited|| One || One || One
| |
| |-
| |
| | How many entities are able to contribute to the approval of the entire research? || style="background: green; color: white;" | Unlimited|| One || One || One
| |
| |-
| |
| | What is the estimated cost for the investment research company to produce the research on a specific investment per year? || style="background: green; color: white;" | Zero|| £850 || £5,000|| £5,000
| |
| |-
| |
| | colspan=5 style="text-align: center;" | What are the main features of the research?
| |
| |-
| |
| | What is the price of the research? || style="background: green; color: white;" | Free|| style="background: orange; color: white;" | $179.99 per year|| style="background: red; color: white;" | $30,000 per year|| style="background: green; color: white;" | Free
| |
| |-
| |
| | How many investments are able to be covered using this method? || style="background: green; color: white;" | Unlimited|| style="background: orange; color: white;" | Limited|| style="background: orange; color: white;" | Limited|| style="background: red; color: white;" | Very limited
| |
| |-
| |
| | What is the level of the quality of the research? || style="background: green; color: white;" | At this stage, it’s unknown, but we estimate it to be high || style="background: orange; color: white;" | Medium||style="background: green; color: white;" | High||style="background: green; color: white;" | High
| |
| |}
| |
| | |
| ==Team==
| |
| | |
| The company is led by the person who believes in the vision of the company the most: the creator of the vision. Combined, the members of the team have helped 342 million people - including one of the world's wealthiest persons - make better investment decisions and returns, and helped build some of the world's most renowned digital platforms.
| |
| | |
| ===Chief Executive Officer: Manos Halicioglu===
| |
| | |
| [[File:Manos Halicioglu.jpg|200px|Manos Halicioglu]]
| |
| | |
| Over a period of around 11 years, Manos has helped 342 million people - including one of the world’s wealthiest persons (Jim Mellon) - make better investment decisions and returns (at the European Central Bank, Burnbrae Group and Master Investor). He graduated from a world top 6 university (Imperial College) and passed both levels 1 and 2 of the most renowned investment management qualification (Chartered Financial Analyst). Mr. Halicioglu also featured in the press, including CityAM, Bloomberg and Portfolio Institutional.</pre>
| |
| | |
| ===Chief Technology Officer: Ravi Singh===
| |
| | |
| [[File:Ravi Singh.png|200px]]
| |
| | |
| Over a period of 10 years, Ravi has helped build digital platforms at some of the world’s leading financial institutions (Barclays, Citi and BlueBay Asset Management). He studied computer science (BSc) and intelligent systems (MSc) at a world leading University (King’s College London), and was a cohort member of one of the world's leading deeptech accelerator programmes (Entrepreneur First).
| |
| | |
| ===Business Advisor: Phil Hollingdale===
| |
| | |
| [[File:Phil-Hollingdale.jpg|200px]]
| |
| | |
| Phil is the co-founder of a company that has 400,000 customers and £1.7 billion assets under management.
| |
| | |
| ===Technical Advisor: Jitesh Halai===
| |
| | |
| [[File:Jitesh Halai.jpg|200px]] | |
| | |
| Over a 23 year period, Jitesh has helped build digital platforms at leading institutions (including Just Eat, Asos and Credit Suisse). He studied Mathematical Sciences at Queen Mary University of London and Leadership, Strategy & Innovation at Imperial College.
| |
| | |
| ===Compliance Advisor: Richard Gill===
| |
| | |
| [[File:Richard Gill.png|200px]] | |
| | |
| Over a 13 year period, Richard has helped provide compliance oversight at investment research and trading companies (including Crowd for Angels, Align Research and Master Investor). He is approved by the Financial Conduct Authority to perform functions of compliance oversight (CF10) and money laundering reporting (CF11). He is also a CFA charterholder.
| |
| | |
| ==Financials==
| |
| | |
| === Income statement ===
| |
| | |
| {| class="wikitable"
| |
| |+ Income statement
| |
| |-
| |
| ! Year/Item !! Year 1 !! Year 2 !! Year 3 !! Year 4 !! Year 5
| |
| |-
| |
| | Year end date|| 28/02/2022|| 28/02/2023|| 28/02/2024|| 28/02/2025|| 28/02/2026
| |
| |-
| |
| | Revenues (£'000)|| 0|| 5,959|| 14,897|| 29,793|| 59,586
| |
| |-
| |
| | Gross profits (£'000)|| 0|| 5,005|| 12,513|| 25,026|| 50,053
| |
| |-
| |
| | Operating profits (£'000)|| (333)|| 250|| 626|| 2,503|| 7,508
| |
| |-
| |
| | Net profits (£'000) || (333) || 200 || 501|| 2,002|| 6,006
| |
| |}
| |
| | |
| Source: Stockhub Limited.
| |
| Note: all figures are estimates.
| |
| | |
| ==Risks==
| |
| | |
| As with any investment, investing in Stockhub carries a level of risk. Overall, based on the key risks highlighted below, the degree of risk associated with an investment in Stockhub is higher than in a company that's trading on a public market (such as, HSBC).
| |
| | |
| ===Early-stage investment===
| |
| | |
| Stockhub Limited is at one of the earliest stages of the business lifecycle, and the failure rate of companies at that stage is usually much higher than those at a later stage.
| |
| | |
| ===Illiquid investment===
| |
| | |
| The number of transactions in shares of private companies is usually significantly lower than in public companies, typically resulting in it taking longer to sell shares in private companies at a price that is at least equal to the price that the shares were bought at. Accordingly, the Stockhub investment opportunity is considered to be higher risk than more liquid companies.
| |
| | |
| ==Valuation==
| |
| | |
| As at 23rd February 2022, the Stockhub company estimates the current value of its company at £4 million.
| |
| | |
| One of the simplest ways to value a company is to use the relative valuation approach.
| |
| | |
| === Relative valuation approach ===
| |
| | |
| For the numerator, Stockhub believes that to account for the different financial leverage levels of its peers, it's best to use enterprise Value (EV), rather than price. For the denominator, Stockhub believes that given that Stockhub's earnings are expected to be abnormally low over the five year forecast period, it's best to use sales. Accordingly, Stockhub suggests valuing its company using the EV/sales ratio. However, Stockhub feels that to take into account the different business lifecycle stages of its peers, the most suitable valuation multiple to use is the growth-adjusted EV/sales multiple, rather than the EV/sales multiple.
| |
| | |
| The growth-adjusted EV/sales ratio is calculated by dividing the EV/sales ratio by the 1-year forward revenue growth rate. For example, for the Meta Platforms growth-adjusted EV/sales ratio, the calculation is as follows: 8.04 dividend by 0.1920 ≈ 42.
| |
| | |
| Stockhub suggests that with sales expected to grow exponential, it's best to use forward-looking data, rather than historic data. Furthermore, Stockhub suggests that to account for general market cyclicality, it's best to estimate the expected return of the company between now and five years time.
| |
| | |
| In regards to the growth-adjusted EV/sales multiple, for the sales figure, Stockhub suggests using the one that is 5 years from now (i.e. Year 5). Stockhub also suggests that for the sales growth figure, it's best to use Year 6 to 8.
| |
| | |
| Accordingly, the company estimates that the expected return of an investment in Stockhub over the next five years is 3,000x. In other words, an £1,000 in the company is expected to return £3.0 million in five years time.
| |
| | |
| The return figure estimate is based on the following key assumptions: an industry (online advertising) standard growth-adjusted enterprise value/sales multiple of 41.5x, Stockhub's year-5 revenue estimate, Stockhub's year-6 to year-8 compound annual growth rate estimate (of 100%) and the current estimated company valuation (of £4 million).
| |
| | |
| {| class="wikitable sortable"
| |
| |+ Valuation table
| |
| |-
| |
| ! Investments !! Industry !! Enterprise value/sales !! 1-year forward revenue growth rates (%) !! Growth-adjusted Enterprise value/sales ratio
| |
| |-
| |
| | Meta Platform Inc.|| Internet content & communication || 8.04x|| 19.20% || style="background: blue; color: white;" | 42x
| |
| |-
| |
| | Alphabet Inc. || Internet content & communication|| 7.80x|| 16.80%|| style="background: blue; color: white;" | 46x
| |
| |-
| |
| | Snap Inc.|| Internet content & communication|| 22.71x|| 39.00%|| style="background: blue; color: white;" | 58x
| |
| |-
| |
| | Twitter Inc.|| Internet content & communication|| 8.60x|| 21.20%|| style="background: blue; color: white;" | 41x
| |
| |-
| |
| | Robinhood Inc.|| Software - Infrastructure|| 17.69x|| 23.30%|| style="background: blue; color: white;" | 75x
| |
| |}
| |
| | |
| Note: five years after incorporation (i.e. April 2018), Robinhood’s valuation was $5.6 billion, and it was trading on a growth-adjusted EV/sales ratio of 43x.
| |
| | |
| For those in the UK: Stockhub is SEIS and EIS eligible, a key benefit of which is that those who invest now can claim back up to 50% of the investment amount in income tax relief. Accordingly, the estimated expected return of investing in the business is even higher for UK-citizens (than non-UK citizens).
| |
| | |
| ==Other==
| |
| | |
| To invest in Stockhub or learn more about the company, click [mailto:hello@stockhub.co here].
| |
Summary[1]
Key features[1]
- 6 bedrooms
- 4 reception rooms
- 7 bathrooms
- Steam room, Treatment room
- Lift
- Modern
- Garden
- Gym
- Patio
- Swimming Pool
Property description[1]
This beautiful six bedroom house has been meticulously extended, designed and refurbished to provide superior living accommodation with up to the minute entertaining facilities. The house includes stunning features, such as a master suite occupying the entire first floor, bespoke kitchen, swimming pool complex and a glazed light well presenting an open view to the kitchen/breakfast room to the rear of the house and providing an abundance of light to the floors above and below. The accommodation compromises principal bedroom suite with dressing area and en suite bathroom, five further bedrooms, four en suite bathrooms, one en suite shower room, reception room, drawing room, dining room, kitchen, breakfast room, study, media room, dance studio, dressing room, swimming pool, shower, cloakroom, utility room, garden, two terraces, passenger lift and storage vault.
Vicarage Gate is conveniently located for the many shops, restaurants and amenities on Kensington High Street and Notting Hill. Kensington Gardens is close by. For excellent transport links, Kensington High Street (District and Circle lines) and Notting Hill (District, Circle and Central lines) Underground stations are both a short walk away. Motorists will enjoy close proximity to the motorway routes towards the west and Heathrow Airport.
Floor plan[1]
File:65809 KEN012251847 FLP 00 0000 max 296x197.png
Actions
To invest, call +44(0)20 8012 3475.
To learn more, call +44(0)20 8012 3475.
References and notes