Editing Talk:Stockhub

== References ==

# Need to add citation for the sentence on "what's the next key milestone of the product?"
# Need to add citation for the sentence on "which time period to use to estimate the expected return?"

—-[[Special:Contributions/213.205.240.205|213.205.240.205]] 14:12, 15 March 2022 (GMT)

== Notes ==

This report is missing notes. —-[[Special:Contributions/213.205.240.205|213.205.240.205]] 14:13, 15 March 2022 (GMT)

:Additional notes have now been added. If there's notes that are still missing, please flag on here. --[[User:Prisha|Prisha]] ([[User talk:Prisha|talk]]) 14:22, 15 March 2022 (GMT)

== Peers ==

Received feedback from someone that he thinks that the peers in the valuation section of this report are unsuitable. No peers were provided by the person, so at the moment, it's best to keep the peers as they are.

—-[[Special:Contributions/213.205.240.205|213.205.240.205]] 14:12, 15 March 2022 (GMT)

:Received further feedback from the same person:

:* The peers cannot be publicly listed companies. When asked why they cannot be publicly listed companies, no reason was provided.
:* The peers need to offer the same offering (i.e. investment research, ideally free-to-access investment research).
:* Potential peers are Finbit (https://finbit.io) and Marketsmith (https://marketsmith.investors.com). I checked Finbit's website and it isn't really an investment research/information provider (it's a financial information gatherer and analyser), so it's not really a competitor of the Stockhub platform. Marketsmith, on the other hand, is an investment information/research provider and, therefore, is a peer of Stockhub.
:* On a side note, the person said that he thinks that even if a company provides free-to-access investment research that is materially better, in terms of quality, than Goldmans Sachs, an institutional investor, such as Blackrock, will not use it, because 1) it's free and 2) the investor probably already has a relationship with Goldmans Sachs. No reason why provided as to why he thinks that, and my view is that his thinking is illogical and, therefore, it's best to ignore his thinking.

:{| class="wikitable"
|+ Competition comparison
|-
! !! Stockhub!!  Marketsmith
|-
| colspan="5" style="text-align: center;" |How is the research produced?
|-
|Type of production method?||Crowdsourced information, decentralized production|| End-user-paid-for, insourced information, centralized production
|-
|Is the information on the platform sourced from a large, relatively open, and often rapidly evolving group of participants (i.e. crowdsourced information)?|| style="background: green; color: white;" |Yes||  style="background: red; color: white;" |No
|-
|Is the production of the research controlled by no single entity (i.e. decentralised production)?|| style="background: green; color: white;" |Yes|| style="background: red; color: white;" |No
|-
|Are contributions able to be made anonymously?|| style="background: green; color: white;" |Yes|| style="background: red; color: white;" |No
|-
| What is the estimated cost for the investment research company to produce research on a specific investment per year?|| style="background: green; color: white;" |Zero|| style="background: red; color: white;" |£5,000
|-
| colspan="5" style="text-align: center;" |What are the main features of the research for the end-user (i.e. Investors)?
|-
| What is the price of the research?|| style="background: green; color: white;" |Free|| style="background: red; color: white;" | £1,499 per year
|-
|How many investments are realistically able to be covered using this method?|| style="background: green; color: white;" | Unlimited||style="background: orange; color: white;" |Limited
|-
| What is the expected quality level of the research?|| style="background: green; color: white;" |High||  style="background: red; color: White;" |Low
|}

:--[[Special:Contributions/94.119.64.3|94.119.64.3]] 13:25, 23 March 2022 (GMT)

== Summary section ==

How was the ROI calculated? That's an unusually high ROI. --[[User:Ferd|Ferd]] ([[User talk:Ferd|talk]]) 16:49, 23 March 2022 (GMT)

:The answer to this question can be found in the Valuation section of the report. A note has now been added to the summary section of the report, detailing that (i.e. that the ROI calculation is found in the Valuation section of the report). --[[Special:Contributions/94.119.64.34|94.119.64.34]] 16:53, 23 March 2022 (GMT)

== What is the mission of the company? ==

Stockhub isn't going to ''make'' money for people, it's helping them make better decisions as to which companies to invest in. --[[Special:Contributions/94.119.64.24|94.119.64.24]] 17:08, 23 March 2022 (GMT)

:There’s a distinction between Stockhub the company and Stockhub the product, and there's also a distinction between the different versions of the product (i.e. version 1, the final version, and everything in between). For the avoidance of doubt, the 'What’s the mission of the company?' section of the report refers to the company, and not the product.

:Also, I agree that ''make'' more money is a little strong; I think a softer/better description is this: to ''help'' make more money. 

:For the company, the mission is to help make more money for everyone; for the final version of the product, it's to help 'Analysts' (i.e. the product's target audience) to make more money; and for the first version of the product (i.e. the current version), it's to help 'Analysts' to make better investment decisions.

:The table below highlights the key similarities and differences between the Stockhub company, the first version of the Stockhub product and the final version of the Stockhub product.

:The report has now been updated accordingly.

:{| class="wikitable"
|+ Similarities and differences
|-
! !! The Stockhub company !! The final version of the Stockhub product !! The first version of the Stockhub product (i.e. the current version)
|-
| What’s the goal?|| Help people to make more money || Help people to make more money || Help people to make better investment decisions
|-
| Who’s the target audience?|| Everyone || People who are willing and able to be actively involved in the process of deciding which investment(s) to invest in (i.e. Active Investors)|| People who are willing and able to be actively involved in the process of deciding which investment(s) to invest in (i.e. Active Investors)
|-
| What proportion of the population does the target audience represent? || 100% || 10.4%|| 10.4%
|}

:--[[Special:Contributions/109.180.63.162|109.180.63.162]] 23:25, 23 March 2022 (GMT)

== Who’s the target audience of the product?  ==

"The audience is Investors. An investor is anyone who is willing and able to make an investment."

I feel the target audience is too broad, and needs to be narrower. I feel a better target audience is the following: people who are willing and able to be actively involved in the process of finding suitable investments (i.e. Active Investors). The report has now been updated to reflect that change.

--[[Special:Contributions/109.180.63.162|109.180.63.162]] 10:35, 24 March 2022 (GMT)

== Finimize valuation multiple ==
{| class="wikitable"
|+
!Year
!4
!5
!6
|-
!Period end date
!31/12/2020
!31/12/2021
!31/12/2022
|-
!Period duration (days)
!488
!365
!365
|-
!
!Historic
!Historic
!Historic
|-
! colspan="4" |Profit and loss
|-
|Revenue (£)
|1,392,200
|2,349,976
|3,896,226
|-
! colspan="4" |Balance sheet
|-
|Cash (£)
|
|1,910,058
|5,306,680
|-
|Debt (£)
|
|13,206,430
|3,717,599
|-
! colspan="4" |Other information
|-
|Adjusted revenue (£)
|1,044,150
|2,349,976
|3,896,226
|-
|Revenue growth rate (%)
|
|68.80%
|65.80%
|-
|Adjusted revenue growth rate (%)
|
|125.06%
|65.80%
|}
{| class="wikitable"
|+Acquisition multiple
!
!
!Comments
|-
|Acquisition price ($)
|99,000,000
|
|-
|FX rate
|0.82
|The exchange rate today (29th October 2023. It's better to use the fx rate of the date of the acquisition (i.e. 29th October 2021).
|-
|Acquisition price (£)
|81,180,000
|
|-
|2021 cash (£)
|1,910,058
|
|-
|2021 debt (£)
|13,206,430
|
|-
|2021 revenue (£)
|2,349,976
|The acquisition occurred on 29th October 2021.
|-
|Adjusted revenue growth rate (%)
|125.06%
|
|-
|Growth-adjusted EV/sales multiple (x)
|0.28
|
|}
{| class="wikitable"
|+
!Input
!Value
|-
|Current revenue (£)
|3,896,226
|-
|Revenue growth rate (%)
|65.80%
|-
|Growth-adjusted EV/sales multiple (x)
|0.19
|-
|Enterprise value (£)
|48,710,617
|-
|Current cash (£)
|5,306,680
|-
|Current debt (£)
|3,717,599
|-
|Market capitalisation (£)
|50,299,698
|-
|Acquisition price ($)
|99,000,000
|-
|FX rate
|0.82
|-
|Acquisition price (£)
|81,180,000
|-
|Overvalued/(undervalued)(%)
|61.39%
|}


[[Special:Contributions/95.149.241.208|95.149.241.208]] 15:33, 29 October 2023 (GMT)