Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
pre-revenue company; no surprises there.
increase in trading volume (despite crypto volume very down in 1stqtr)
increase in current assets
reduction of total liabilities
very very low cash burn
ref: Page 3, Digatrade Financial Corp., March 31, 2018, (Expressed in Canadian Dollars), accessed 5/29/2018, www.sedar.com
A 2781% increase in platform volume in 2017 is impressive to me, not scary. This increase is the direct result of the owners/operators deploying operational conditions and systems that enabled this to occur.
Chinese / English language trading app due out in June 2018 per PR.
June, per the PR.
could not agree more....
What's ur basis for that call 24k?
1ST QTR 2018 EARNINGS BREAKOUT
Good overview of earnings growth courtesy of Showmethemoney69
Friday, 05/18/18 09:18:22 PM, Post # 14380
As I'm anxiously awaiting the q1 financials to be released, May 23rd was the date for 2017, that days is rapidly approaching. This has prompted me to go through and dig to see our quarter per quarter growth in revenue from our trading platform.
In total during 2017 we had $297,309 in comparison to only $10k in 2016.
Q1 we made $12,828 from our trading platform with the average price of BTC at $1,078.
In q2 we made $59,747 in profit from our trading platform with the average price of BTC at $2,060.
In q3 we made $37,757 in profit from our trading platform with the average price of BTC at $3,995.
Finally in q4 these numbers aren't listed so you have to do a little math. In q4 we made $186,977 in profit from our trading platform with the average price of BTC at $9,376.
This is just the average price of BTC for each quarter, obviously the price was very volatile in each of the listed quarters, most of that being the final quarter but this is just the average price for the entire quarter.
Now the price of BTC for q1 of 2018 has been $9,133. This price is pretty much inline with that of q4 of 2017, let's see if we continued to grow in q1 of 2018, maybe we have raked in around $250k in q1.
This would be pretty huge if you ask me, maybe Brad will blind side us and hit us with the app and earnings. This could potentially cause us to sky rocket. I'm not sure what the numbers will be, but it looks promising. The suspense is killing me.
thanks Kelli, Pantalons.
Anybody tracking all these buys (x15) of 4,999 shares? Any ideas? Bot, institutional, key person???
Size matters.
ANOTHER 50,000 EOD share purchase today just before the closing bell.
Somebody is certainly bullish on $DIGAF.
Think there's some interest in investing and trading crypto? Standing room only...
Standing room only for a breakout on crypto funds. It’s easy to see where the demand is in this space and it’s adoption. Funds being created to barrel investor money into the #future of global currency. #consensus18 #BlockchainWeekNYC pic.twitter.com/EEpVgPt2Xd
— All things digital. (@BitQuinn) May 14, 2018
30,000 share buy.
Another 5 figure sized buy order. Haven't seen consecutive orders of this size in months.
EOD buy of 50,000 shares.
Strong vote of confidence by someone.
Biggest order of the day.
Not sure what u mean by your message????
Institutions coming online this year, more to follow.
Here's a list of the ten things digaf needs to concentrate on to help it grow:
1. Volume on it's platform
2. Volume on it's platform
3. Volume on it's platform
4. Volume on it's platform
5. Volume on it's platform
6. Volume on it's platform
7. Volume on it's platform
8. Volume on it's platform
9. Volume on it's platform
10. Volume on it's platform
U must have missed the veritable seller smack-down today after approx 930am; all those buyers buying it right up to the close sure seem interested at this level...
I've seen that on the order book (and the large 50k+ plus orders flashed all this week).
Numbers show growth and investment and I also think they are very good for a pre-revenue company.
The APP will bring more volume and more fees.
They can be alot more transparent - alot - and still stay within SEC/SEDAR guidelines. When $DIGAF begins to communicate with the investing public they will easily raise the money needed to support the $500,000 they spec they need for the next development phase.
$DIGAG has everything they need right now to be very very very profitable.... let's hope they are doing the work to make it so.
The thing with this firm is that it is positioned perfectly for a whole range of positive outcomes - and that's why I am sticking with it. It's just which one will the CEO pursue, and will he be communicating his intentions and progress? If he would simply do that I think this firm would be moving higher, faster.
$DIGAF responding to industry best practices??
Anyone remember when $DIGAF lowered fees a while back - looks like they may have been ahead of the curve to capture market share. Seems others are embarking on the same path:
https://poloniex.com/press-releases/2018.05.01-Coming-May-15-consistent-competitive-trading-fees/
you're right - more news in the very near term coming.
If i'm reading the extension right, he will be releasing american numbers on this Monday or Tuesday (15 day extension).
In the simplest sense, PUMA has a pending sell order from someone who wants $15 per share. Unless the price gets to that point, it wont be executed.
That may be an investor who thinks it might hit that price and who wants to be sure that his sell order is executed at that price or better.
See here for more info on trade types:
https://www.investopedia.com/university/intro-to-order-types/limit-orders.asp
Some nice buy side volume this morning.
This development may help bring more people and institutions to the crypto space in general. If that happens, more clients equals more volume, more volume = more fees for $Digaf.
Goldman Sachs coming into the game with their crypto trading desk fundamentally changes the landscape in a positive way IMO.
They are the Tier 1, "A" level financial institution that will actually (and finally!) open up participation by other fin institutions.
Don't forget that they invested in Circle Exchange in 2015... (Like few others, they really are "long" on crypto).
Courtesy NBR tonight on PBS.
Small team indeed Freddy - This is no COINBASE or Binance - can't even compare them to this.
It's just Mr. Moynes, Mr. Docherty, and "relatives of principal stakeholders" who appear to be muscling this up from the ground. Having been there and done that, I know the effort it takes to deliver the results they have.
I wouldn't call a 2781% year over year increase in trading platform activity "sad". I'd call that pretty great my friend. This is not by any measure a Coinbase or Binance.
Hmmmm, how are you accounting for quarterly average exchange volume, average BTC transaction size, volume ramp-up over the quarter, and trade commissions?
$DIGAF on the move as shown in your excellent summary Showme; thanks for the analysis, I agree with you and see this batch of earnings as very good news. Thanks for taking the time to write this and your other summaries.
I'm just a guy who knows how to use a financial calculator and excel spreadsheets and is trying to find some value in companies that I can afford to invest in Blockhead - I'm not a professional financial analyst, a stock broker, or some kind of fund manager shorting this to oblivion, but I do know how to calculate a percentage increase over time.
My only thought over the last year or so that I have been watching and buying this company is whether they actually were participating in the surge in interest in crypto, or more plainly put, are new customers coming to the company??? How many convos were on this board in that regard - too many to count.
Since we don't have any volume numbers our only gauge in that regard is these receivables, so yes, it seems alot of people are indeed coming to $DIGAF to trade.
Like KelliBlue and a couple others here I've done alot of research which has included pulling almost all the data on exchange volumes over the last year, pulling average spreads, pulling average transactions volumes, and laying all that on top of $DIGAF's historical averages and forecasting it out to cover EOY 2017. So being someone who is informed about the past performance of this company and the industry in general, I think he's doing very well considering they are still in the formation stage.
So what exactly is everyone so blue about? Are they spending money to grow the firm? of course they are, that's what all companies do at this stage. We can't forget that a firm that has customers has options and opportunities.
BTW has anyone here actually read all 41 pages of the reports? I have and I am working on some stats now that I may post here. If anyone has any questions about how I arrived at my numbers or about why I think this can be a great company, I'd be more than happy to share my analysis and opinions... reply to me here or email in the Ihub mailbox anytime.
DallasDude
2781% increase in trading platform receivables over previous year
(Note 5, Pg 14, Consolidated Financial Statements, $10,319 to $297,309).
That's the number I noticed...
This works to find financials:
1) go to sedar.com
2) click on database search
3) type in company name
4) click on company name "Digatrade Financial Corp." on left of top document line titled "52 109fv1 certification"
5) Then click on black box "view this companies documents"
6) And there they are.
wow, complicated.
hmmmm... not showing up now for me either. not on phone or on desktop. maybe a premature posting?
block - same happened here. Might want to refresh your browser - that made that made the new docs show up for me.
new tweet from $digaf
https://twitter.com/DigaTrade/status/989888310452539393
ANXPRO provides the tech platform (white glove) for $DIGAF - glad to see they are growing - this just might mean more robust support for $DIGAF operations, but i don't know that for certain.
I also think ANXPRO HQ provides verification services for $DIGAF, but again, I am not sure.
At any rate, IF they do actually in fact do the above, it's good for $DIGAF that they are growing.
IMO
good. lord. "the times they are'a changin". no wonder the big banks are so vociferous when it comes to crypto.
agree zbaron.
today:
1) markets down
2) BTC down
3) coins down
FUD related unloading on all three fronts - nothing unusual with this stock IMO.