In the last few days $JMIA (+0%) seems to have ignited the turbo - double-digit daily gains have almost become a habit. The reason: after months of sideways movement and a sharp cut in costs, the market is beginning to see the potential again.
The company is benefiting from growing e-commerce demand in Africa, improved margins and rising sales per customer. At the same time, the valuation - measured in terms of potential growth - is still in the lower range. For investors, this means that despite the recent rally, the entry price is attractive by historical standards. If you take a long-term view, you are more likely to see the beginning of a movement here than the end.
I buy after 🦍💎🚀
