" I am just flummoxed about the whole thing. How come the share price has only doubled,when the valuation is between £6-£8 billion also they have onboarded at least 7 million customers since then "
Not the way I read it , you may have interpreted it differently ? the joys of typed answers / questions
Also why @Juno17 thinks the valuation is / should be £6-8bn I dont know - unless Brian knows how many shares Capital G got for their investment ?
Wait till June 2024 and come back to this thread and I guarantee the valuation will be £6-£8 billion. No scientific calculations just a good old fashioned GUESS!
Nobody is discussing paper towels or the latest tv show. This thread has nearly 5000 posts, a 20 or so about Monzo investments isn’t the end of the world is it?
It’ll die off and the topic will continue in a day or so of its own accord.
The missing factor here is the “down round”. Others have mentioned the normal dilution, which also happened, but at the beginning of the pandemic Monzo (very very closely) failed to close a round of funding. They subsequently took on investment at a punitive valuation in order to survive the pandemic. This has hurt your investment. But you’re still up 80%, and you should be happy about that.
Additionally 2018 was the third crowdfunding round and therefore there was less upside to be had than if you had invested in the two previous rounds.
Agreed! Surprised that someone with £20k in a current account wouldn’t have another account/credit card with which to buy some grub whilst she sorted out a misunderstanding with her bank.
I’d say it belongs here - after all, the tweet has been viewed 1.1 million times - probably more than headlines in some newspapers.
If I was Monzo reading through the comments, I’d be concerned at how confused about the safety of online banks the average person seems to be. I’d think about using the next marketing campaign focussing on the safety and security of Monzo and the FSCS protection.