Amit Kupfer
United Kingdom
๐ˆ ๐ฌ๐ž๐ž ๐ญ๐ก๐ž ๐ฉ๐จ๐ซ๐ญ๐Ÿ๐จ๐ฅ๐ข๐จ ๐š๐ฌ ๐จ๐Ÿ๐Ÿ๐ž๐ซ๐ข๐ง๐  ๐๐ž๐ž๐ฉ ๐ฏ๐š๐ฅ๐ฎ๐ž ๐š๐ญ ๐ข๐ญ๐ฌ ๐œ๐ฎ๐ซ๐ซ๐ž๐ง๐ญ ๐ฉ๐ซ๐ข๐œ๐ž. ๐๐š๐ญ๐ข๐ž๐ง๐œ๐ž ๐ฐ๐ข๐ฅ๐ฅ ๐ฉ๐ซ๐ž๐ฏ๐š๐ข๐ฅ, ๐š๐ง๐ ๐ญ๐ก๐š๐ญ ๐ฏ๐ข๐ž๐ฐ ๐ฐ๐ข๐ฅ๐ฅ ๐›๐ž ๐ฉ๐ซ๐จ๐ฏ๐ž๐ง ๐จ๐ฏ๐ž๐ซ ๐ญ๐ข๐ฆ๐ž. ๐๐จ๐ซ๐ญ๐Ÿ๐จ๐ฅ๐ข๐จ ๐ˆ๐ง๐ฏ๐ž๐ฌ๐ญ๐ฆ๐ž๐ง๐ญ ๐”๐ฉ๐๐š๐ญ๐ž๐ฌ ๐–๐ž๐ฌ๐ญ๐ž๐ซ๐ง ๐”๐ง๐ข๐จ๐ง ($WU) Strategic Developments: - August 11th: WU announced the acquisition of $IMXI (International Money Express Inc) for $500 million cash. I view it as a highly favorable deal expected to consolidate the market, yield significant cost savings, and potentially return the company to a growth trajectory. - September 9th: WU launched a strategic collaboration with DLocal ($DLO) to enable new digital payment methods across its online platforms in Latin America. - Apparently, there is a known fund manager on X (Twitter) named Mike Alfred (never heard of him before), who is also on the board of crypto companies, and he reportedly claims to be shorting $5 million of WU stock. I am skeptical he actually did it, but even if he did, this could backfire quite dramatically. ๐ˆ๐ง๐ฌ๐ข๐๐ž๐ซ๐ฌ ๐‚๐จ๐ง๐Ÿ๐ข๐๐ž๐ง๐œ๐ž: - August 21st: The CEO purchased $1.5 million worth of shares on the open market at $8.50 per share. This substantial purchase, which is 50% greater than his $1 million annual salary, serves as a strong positive indicator of management conviction. ๐‚๐ซ๐จ๐œ๐ฌ ($CROX) - A Director purchased shares on the open market for approximately $76 per share. - The recent NFL collection sold out in days, signaling robust brand demand and merchandising success. ๐–๐ข๐ฌ๐ž ($WISE.L) - Licensing Consideration: Wise is reportedly considering applying for a UK banking license (The Times, September 1st). My take: While a long-term goal, this is a highly valuable option. The ability to offer lending services to Wise's rapidly growing business and personal client base could unlock a significant new revenue stream and profitability driver. ๐ƒ๐ข๐ฏ๐ข๐๐ž๐ง๐๐ฌ WU: $0.235/share payable on September 30 โ€“ approximately 12% yield. ๐Ž๐ญ๐ก๐ž๐ซ ๐‡๐จ๐ฅ๐๐ข๐ง๐ ๐ฌ There were no significant news or material events concerning the remaining portfolio holdings recently. Looking forward to Q3 earnings results in the coming weeks. Thank you for reading, and you have a great weekend! Amit Copy Trading is not investment advice | Capital at risk | Past performance does not guarantee future results.
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IMXI
International Money Express Inc
15.36
0.05 (0.33%)
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