Financial service providers are actually in demand again at the Börse. Actually, because the share of Aifinyo [Plusvisionen hatte auch hier berichtet] had to give up a lot last year. The reasons for that are certainly weaker ones Sales and a Burglary at the Operating profit (Ebt) to minus 3.64 million euros (meanwhile made up for by a capital increase).
The Operating loss goes with a million on the integration of Tenth (Rechnung.de) and with 2.5 million euros mainly due to an increase in risk costs to 116 percent of adjusted sales in the second quarter of 2020 and the associated one Ebt quarterly loss in the amount of 2.2 million euros.
In other words: Afinyo (formerly Elbe Finance Group) suffered badly from Corona as a finance partner for Growth company, Freelancers and founders who need quick cash over Factoring, Fine rating, debt collection, leasing and receivables management. The Bright spot: In the following quarters the Risk costs back to 26 (third quarter) and eleven percent. By comparison, the risk costs for 2019 as a whole were six percent.
In order to get away from the high risk costs, Aifinyo has the risk and positions with longer terms his Credit Portfolios reduced and focused more on technology, Healthcare and e-commerce focused. With Aifinyo, maturities of less than two months generally dominate the portfolio with 80 percent. Therefore there is hardly any interest rate risk. At Interest rate hikes However, Aifinyo benefits from the then increasing willingness to pay something for financial services.
Aifinyo will in der Post-Corona era through a fast and affordable financing service Freelancers score, as board member Stefan Kempf at the Munich Capital Market Conference (MKK) says. A partnership with HelloFreelancer, a subsidiary of New Work and part of the XingNetwork, closed. HelloFreelancer is a B2B marketplace that brings freelancers together with potential clients.
Warburg Research sees is in the cooperation quite a big one Chance: Assuming that only five percent of the 500,000 members would ask for a EUR 2,000 loan, it would be Afinyo Financing volume of 50 million euros. Corresponding euphoric are the Analysts with a BuyRating and one Course target from an impressive 40 euros.
If Aifinyo makes it im Financial services sector from the (rapidly) advancing digitalization to profit and above all to become more and more one Software developer (own software) will be his Data treasure knows to leverage, then the stock could indeed be a very good one exciting investment become. The financing and new partnerships would then come on top. A plus is certainly that Scalability of the business model with the prospect of significant Margensteigerungen.
Investors should order limited because Trade and Freefloat are currently quite thin.
Afinyo share (daily chart): downward trend
Image source: Lupo / pixelio.de
–
