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DOU - Douugh Limited

System

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On September 3rd, 2013, Beyond Sportswear International Limited (BSI) changed its name to Skywards Limited (SKL).
 

System

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On July 3rd, 2014, Skywards Limited (SKL) changed its name and ASX code to ZipTel Limited (ZIP).
 

System

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On September 28th, 2020, Ziptel Limited (ZIP) changed its name and ASX code to Douugh Limited (DOU).
 
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I watched ASX D O U today. Fairly new to the market. 30% Rise today... is that impressive or normal
 

greggles

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Douugh on the go this week! Love the name of this company. Dough with two u's in it. So much dough you need to stretch out the word.

I took a look at the Investor Presentation released yesterday and DOU have declared themselves to be the future of banking:

Douugh is a capital lite, purpose-led consumer fintech and next-gen neobank.

Leveraging a wholesale BaaS model, compared to becoming its own licenced ADI.

Disrupting the business model of banking - SaaS based, harnessing open banking.

Fostering financial wellness - helping customers spend wisely, save more & build wealth.

Developing an integrated, AI-powered banking and wealth management app.

Long-term goal is the become a platform and financial control centre for customers.

Mastercard innovation, marketing and issuing partnership in place.

Live in U.S. market (Beta), full market launch in October 2020.

AU launch scheduled for early 2021.

Planning to expand into SME banking over time.

Emerging fintech of the year finalist in 2019.
Apparently they have an app that will pay your bills, invest your money and help you to live a financially healthier life. Big promises.

Here's how they make money:

Douugh has the opportunity to diversify into multiple different revenue sources over time by becoming a platform business and financial control centre for customers - consumers and SME’s.

Now
Interchange
Deposits

Future
Monthly subscription
Net interest margin
Funds under management
Foreign exchange
Affiliate commissions
API calls
Everyone wants more douugh, so maybe these guys are in with a chance? In any case the share price has been rising since they were re-instated to official quotation on Tuesday this week. Maybe these neobanks are the future of banking?
 
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I was wondering when someone would post here. I feel like they are going to need a lot more money to run a "neobank". How much cash is in the bank?
 
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I was wondering when someone would post here. I feel like they are going to need a lot more money to run a "neobank". How much cash is in the bank?
cash? psshaw. All yo need is some good ol' fintech and the old dinosaurs wither away.
 

greggles

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I was wondering when someone would post here. I feel like they are going to need a lot more money to run a "neobank". How much cash is in the bank?
They just raised $6 million and ZIP had $832,000 in cash and cash equivalents at the end of June. So probably around $6 million, given that they've continued to burn cash for the last three months.
 
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Some very active yeast in this Douugh.
Douugh makes bread, but a good dough gets knocked, before it gets up again...
Held. 5 day chart...

Screenshot_20201014-152443.png
 
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Just keep in mind it's a RTO so there are plenty of disgruntled holders that lost alot of money in Ziptel trying to get it back.

The alternative explanation is that the owners of Douugh undervalued their own business by 5 times.
 
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Just keep in mind it's a RTO so there are plenty of disgruntled holders that lost alot of money in Ziptel trying to get it back.

The alternative explanation is that the owners of Douugh undervalued their own business by 5 times.

The other alternative is that day traders are active on this one.
As always, it doesn't have to be a good investment to be a good trade. Just be sure you have a seat when the music stops playing.
.
 

tech/a

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Trading technically you don’t have to “ get it “
If everyone “got it “ there wouldn’t be any opportunity
people can take advantage of ———

Trump
housing boom
tech bubble
Covid crash
GFC crash
afterpay
Bitcoin
Gold boom
Mining boom
 
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Musical trades eh?
Maybe the same disgruntled Zip holders were the dumb bunny's thinking it was Z1P ?
There was a symbiotic relationship there previously due to ticker codes.... I picked up on it the first time I went looking for zip money early 2019....
(Ziptel ? wrong ticker.... Der)
Dumb money buying ziptel....

Edit, forgot to press post earlier today.
I'm out, took my ~40% and ran, a minute or 2 before close.
 

galumay

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Once again its poor old retail investors that will have their pockets emptied by this fraud. Still, how much can you do to protect people from themselves? The most cursory glance tells the story of this stonk.
 

tech/a

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But it’s doubled in a few days
Quadrupled this month.
some people —- those idiots
you speak of have made a killing
Frugal Rock is seemingly one!

a Lazy $5 k and you’ve bought Tyres for your Lambo
 

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