7Mon·

Klarna

Entry into $KLAR (-1.16%) -50% of the IPO. Super case for me. Super integrated, sales + profit right for the time being. A few regulatory issues that are kindergarten in my opinion. Deliberately go in before earnings with 50% of the desired end position. Just paid my half-yearly gym purchase with Klarna as a thinking shareholder :)

24 Comments

TotallyLost@TotallyLost

7Mon

I say no to that 😅

•

Powell@TheRealPowell

7Mon

Reach into the toilet

•

Powell@TheRealPowell

7Mon

@TheRealPowell there are far too many competitors on the market. Mastercard or Visa are the big players, why should you choose clear or Paypal, for example, but who knows, maybe you'll be right too

••

nassimcanim@nassimcanim

7Mon

@TheRealPowell because i use klarna myself and so do many people around me and that's one point already ticked off my checklist

•

Powell@TheRealPowell

7Mon

@nassimcanim aha, and I know almost nobody in my environment who doesn't use PayPal. So, is the share price going up now? I don't think so. I would focus more on the fundamental data than those around me!

••

nassimcanim@nassimcanim

7Mon

you are so right!

••

Powell@TheRealPowell

7Mon

@nassimcanim I just wanted to remind you of the example. Don't be angry with me. Paypal has been a dying bird for years even though many people use it.

••

nassimcanim@nassimcanim

7Mon

@TheRealPowell everyone has their opinion i don't see a dying bird 🦅

••

Powell@TheRealPowell

7Mon

@nassimcanim yes, but you wrote a good article on SAP where you mentioned the same thesis as I just did. Many people want a piece of the pie. That's why I don't quite understand you

••

nassimcanim@nassimcanim

7Mon

@TheRealPowell Yes, that's true, but when it comes to finance, there's a lot more to it, Paypal in the example has a huge brain tree, an extremely strong brand (everyone knows Paypal) and is integrated into most online stores. And the leader in Europe for P2p and with Venmo also in the USA. So the customer base is there. There is a lack of growth and monetization at Venmo, which is why I am not invested there for the time being. I am convinced by Klarna because, as I said, I have a lot of people in my environment who use it and the figures reflect exactly that - more than 100 million active users and integrated with 1 million merchants. I see the "easy" granting of credit with Klarna as a problem as well as an opportunity for me, e.g. Super I myself almost only use Klarna ratepay or 30-day payment, but of course it can also be exploited the "easy granting of credit", so for me the customer base is the biggest problem. But even there: the satisfied customer base is there. None of the payment providers are currently highly profitable. See paypal, see square. I think that will all come back. What is not good: I don't know when and through what.

••

Gerald@Irlandfan

7Mon

I don't like the concept, many lawsuits are now pending in Austria.

•

nassimcanim@nassimcanim

7Mon

@Irlandfan What specifically don't you like about it? In terms of lending?

••

Gerald@Irlandfan

7Mon

@nassimcanim the business practices https://ooe.arbeiterkammer.at/beratung/konsumentenschutz/konsumentenrecht/haeufiggestelltefragen/Klarna__Probleme_beim_Zahlen.html

••

TotallyLost@TotallyLost

7Mon

@nassimcanim I'm also unsure about the quality of Klarna's customer base.
They buy groceries on credit, but at the same time also 24-month financing on consumer electronics...
That's the kind of customer you don't really want, because if the economy cools down, they'll have problems paying...

If banks are not willing to give such people a consumer loan... do they simply not see the opportunities or is the risk too great for them?

I suspect it's the latter. And risk in the financial market has the characteristic of being invisible until it materializes...
And then it's often too late for shareholders.

••

nassimcanim@nassimcanim

7Mon

@Irlandfan if you behave normally with klarna, nothing happens. the totally loose guy below explained the problem better: the customer base.

••

TotallyLost@TotallyLost

7Mon

@nassimcanim https://images.meme-arsenal.com/2e035795404e5500e14b235b204bc774.jpg

••

nassimcanim@nassimcanim

7Mon

@TotallyLost https://tenor.com/teP2mpuTd8t.gif

•

Gerald@Irlandfan

7Mon

@nassimcanim I speak from my own experience, returned goods, Klarna threatened to sue, after a lot of back and forth, nerves... and threats on my part, I called in the Chamber of Labor and finally things calmed down. There are better payment service providers, even if they are based in the USA. The EU doesn't seem to be getting its act together

•

Mr. K@TechNav

7Mon

Does the ceo want a yacht 🛥️?

•

BeachPlease@BeachPlease

7Mon

The loan defaults will come...

•

nassimcanim@nassimcanim

7Mon

Nice guys + 2/2

••

SGP@Koenigmidas

7Mon

Perfect

••

Audiemus@Audiemus

7Mon

But now!

••

Charmin@Charmin

6Mon

I wouldn't have "dared" to get in on *the* figures with a stock like Klarna, which has been falling like a stone since the IPO. Or did you end up buying BEFORE the figures? Because you're talking about 50 percent, but it's now down 70 percent.

I have no idea about the internals at Klarna, but so far I've only experienced them as the payment provider of choice for scammers. But it could be a bias. Apparently, at least to my knowledge, Klarna also seems to have a massive problem with protecting its customers. Things are bought at the expense of others, the "real customer" is probably quite stressed, Klarna doesn't take action.

••