Kim Bolton
Jumia Technologies
JMIA-N
WAIT
Feb 24, 2021
Very volatile. Trading at middle of range of last 3 months. Has had a good run. Should have support between $40-45. Look to buy 1/3 down there, then 1/3 at $35-40, and 1/3 at $30-35. Market volatility is not over yet.
Focus on African eCommerce market.
High growth company that has been hit hard with tech sell off.
Burning through lots of cash that is hard to justify to investors.
Missed window on eCommerce in Africa.
Amazon and Facebook will be very tough to compete with.