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SPACs

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Comments

  • #122
    gudede
    Registered Users, Registered Users 2 Posts: 624 ✭✭✭gudede


    wrestlemaniac wrote: »
    200m revenue last year. Really only went live at the end of 2019. Alex Chesterman, creator of LoveFilm (a film rental service sold to Amazon for £200m) and Zoopla (a property market services firm floated and then sold for £2.2bn) is the man running Cazoo, so he has a good track record. His pitch is that 15 years ago buying clothes online was abstract.

    In the US Carvana, which has a similar business model floated with a value of $2.1 billion in 2017 and is now worth $46 billion so there is definitely a market.

    I'm holding for the moment and will let it run. My BEP is 11. Will see if there is any pop this week.

    It's a merger that could really go either way.

    That put me in my place 😊 I can’t see how selling second hand cars is a public company. However, your comments around Chesterman are interesting so it’s worth a look.

    Thanks.


  • #123
    wrestlemaniac
    Registered Users, Registered Users 2 Posts: 1,631 ✭✭✭wrestlemaniac


    gudede wrote: »
    That put me in my place 😊 I can’t see how selling second hand cars is a public company. However, your comments around Chesterman are interesting so it’s worth a look.

    Thanks.

    Oh I agree, second hand car sales doesn't excite me either!

    It's not just Chesterman though.

    The reason I was interested in the Ajax SPAC originally was because of who was involved.

    Ajax I board includes Kevin Systrom, who co-founded Instagram; Anne Wojcicki, co-founder and chief executive of the genetic testing group 23andme; and Jim McKelvey, co-founder of the payments group Square.


  • #124
    gudede
    Registered Users, Registered Users 2 Posts: 624 ✭✭✭gudede


    gudede wrote: »
    FCAC is merging with Sharecare and it seems that the company had flown under the radar because (1) other popular spacs and (2) probably unsure what the company does.

    Reasons I like Sharecare are;
    I see the company been a CRM system for people, doctors, hospitals and other healthcare people, along with insurance companies. (People going crazy for HAAC in the hope they merge three companies into one in order to create this business)
    Acquisition of Doc.AI gives the company new connections and improves product offerings.
    Management have a good track record. They turned around business segment they brought from Healthways’ PopHealth Division in August 2016 (loss making now profit making)
    2021 estimated income is pretty much a given due to presigned contracts. high growth, recurring revenue visibility in a space as large and growing as healthcare.
    A lot of new markets can been expanded into.
    The company sees multiple paths to hitting $1 billion in revenue.
    Main players in the SPAC brought through Draftkings and Skilz
    Ohya, the company is already profitable!!

    https://www.cnbc.com/video/2021/02/12/sharecare-ceo-on-going-public-via-4-billion-spac-deal.html


    https://m.youtube.com/watch?v=e2d9t4enbas

    Closed today at $11.35. Can see this at least doubling in size.

    Big day for Sharecare as the ticker changes. It’s been a rough couple of months for the stock and I see it going further south. However, I do see this stock been one of the best healthcare stocks. Company also has institutional ownership so I’d expect some good reviews going forward.


  • #125
    Wingman2010
    Registered Users, Registered Users 2 Posts: 418 ✭✭Wingman2010


    Has anyone bought $HAAC? It still hasn’t announced any target yet and its a frustrating one. I have been building a position here; mainly due to the team behind it. There was talk that they aim to target Color Health; but it maybe just rumours.


  • #126
    cc87
    Registered Users, Registered Users 2 Posts: 1,368 ✭✭✭cc87


    Wingman2010 wrote: »
    Has annoying bought $HAAC? It still hasn’t announced any target yet and its a frustrating one. I have been building a position here; mainly due to the team behind it. There was talk that they aim to target Color Health; but it maybe just rumours.

    Being watching it but no position.
    I like the sound of it but I have enough pre-merger SPACs currently and trying to avoid pre-DA ones.


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