How to invest in Getquin,
or: Stock Analysis Sino Ag
You think Getquin is an awesome platform and you want to become not only a user but also an investor in the platform? Then I can help you today...
Disclaimer: I am NOT invested myself, so I am not as deep in the topic as I am with my investments, nevertheless I try to present the company as accurate as possible. You can't invest directly in Getquin at the moment, only indirectly.
I want to thank@DonkeyInvestor who asked for an analysis of Sino because of its connection to Getquin.
1. numbers
2. business model
3. getquin
4. other investments
5. my personal view
6. sources
7. recommendations
8. announcements
1. numbers:
(20.07.22)
Share approx. 79 Euro
Market cap. 188 Mio.
P/E RATIO 1.53
2021 Sales 154m
2021 Ebit 141Mio.
Div. yield 69.48
2. business model
Sino Ag offers a service for investors and, according to its own statement, is mainly aimed at "heavy traders", these are not necessarily traders with gigantic portfolios, but rather very active traders who complete trades several times a day. In doing so, stock trading is possible in a period of less than one second. The service also includes access to over 40 stock exchanges (national and international) and training programs.
However, it is important to note that SIno Ag trades NOT itself, but mediates between the investor and the investor's bank.
Cooperation with Baader Bank AG:
Sino Ag not only cooperates with HSBC, since August 2021 Sino has been working closely with Baader Bank to be able to offer the full range of services to Baader Bank customers in the summer of 2022 (unfortunately no exact date). This cooperation is intended to attract new customers not only within Germany, but also internationally.
3. getquin
Sino is active in the fintech sector but also as an investor. Among others, Sino invests in Quin Technologies (GmbH) and thus in Getquin, a platform we all know well. Even before the Series A financing, Sino held a 13.5% stake in Getquin. With the Series A financing, Sino bought additional shares, but still the net shareholding decreased to 11.13%. (So similar to capital increases in shares where you have to pay on top if you don't want to be diluted). Getquin doesn't seem to make a profit so far (at least I haven't seen any concrete information or approaches to do so online), but there would be some possibilities to monetize the platform, whether through advertising, premium access costs or otherwise. (here is appealed to the imagination of the reader)
But one thing can be said concretely: Getquin has grown gigantically fast, between June 2021 and June 2022 the number of users has increased thirteenfold. Whether this will continue I don't know, I don't work for Getquin, my forecast will be available later.
4. other participations
However, Sino does not only invest in Getquin, according to the 2020/21 annual report, Sino is also in Trade Republic and Sub Capitals. Trade Republic is a neo broker that charges only 1 Euro per order for stock/ETF purchases. Especially during the Corona Crash, Trade Republic has enjoyed tremendous user growth and is one of the best known German Neo Brokers. In the meantime, Sino was the owner of 67% of Trade Republic, but as of the date of the annual report, the share was only 8.76%. In connection with the sale of the Trade Republic shares, Sino distributed a special dividend, which resulted in a huge dividend yield.
Sub Capials would like to democratize the use of AIs on the stock exchange, i.e. to make access as easy as possible even for small investors.
5. my personal view
If we talk about Sino Ag investments, I see some growth potential in all three from Gb2020/21. I also agree with the Ceo of Sino Ag who said. @christian , @TheRealRapha and the rest of the @getquin team a "great job". Regarding Getquin, I also see great growth potential, whether internationally (see the low participation of English-speaking users) or also in the German area. I also see a large market for AIs for private investors (which goes beyond roboadvisor).
However, I have a small problem with Trade Republik and the main business with heavy traders:
Both business models are heavily dependent on the shareholder ratio and its development in Germany. I personally find these extremely difficult to predict. Personally, I would be happy if the shareholder ratio in Germany increases, but speculating on this is too risky/too opaque for me. In addition, I suspect that the Russian war will lead to less heavy traders rather than more (too heavy losses due to leveraged positions)...
In the short term, of course, there remains the possibility of a sudden breakout from the bear market, which should cause an increase in users for all the companies mentioned.
So Sino does not fit into my investment strategy, accordingly I will personally NOT invest
6. sources
https://www.sino.de/konditionen-leistungen/
https://www.finanzen.net/aktien/sino-aktie
https://broker-test.de/boersenlexikon/heavy-trader/
sino_GB_2020_2021_neu_AR_Foreword.pdf (available at investor relations of Sino AG)
https://www.sino.de/sino-mx-pro/
7. recommendations
I will highlight 3 people under each of my longer posts who also make really cool content, so feel free to stop by there as well:
8. announcements
Currently there are two posts in the works, one will be about Blackstone $BX (but I'm still waiting for the Börsenpunk from the shareholder, there might be something soon (on YT)), the other one is not posted on my account and the headline sounds like prostitution... but has a slightly different topic...
So stay tuned...
Thanks for reading
