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Earlier news for Driveitaway that could be a benefit to Get Credit Healthy <GCH>.
Like recent news regarding GCH......
Think as Driveitaway secures new business deals and grows their pipelines there will be new business generating clients for GCH due to their deal with Driveitaway.
https://www.prnewswire.com/news-releases/driveitaway-partners-with-cloudone-to-create-the-largest-provider-of-new-drivers-for-lyft--uber-ushering-in-a-new-way-for-40-000-subprime-customers-a-month-to-buy-vehicles-300823496.html
https://www.autorentalnews.com/327555/driveitaway-partners-with-mydealeronline
Always do your own due diligence.
Earlier news from last week.
https://www.globenewswire.com/news-release/2019/08/15/1902791/0/en/The-Mortgage-Collaborative-Adds-Get-Credit-Healthy-to-Preferred-Partner-Network.html
"The Mortgage Collaborative network is more than 130 lenders strong, with an aggregate annual origination volume of over $220 billion. The lender network is supported by a preferred partner network of organizations that specialize in every facet of the mortgage life cycle. TMC members can now offer their clients seamless access to one-on-one credit coaching and financial education via Get Credit Healthy’s network of non-profit partners."
If each of 130 lenders can generate an average 20 clients to GCH that could be a new business pipeline of up to 2,600 monthly. (Could be less or more just a example(
Always do your own due diligence
News released.....
Expansion & servicing a new sector for USA Veterans.
https://www.globenewswire.com/news-release/2019/08/22/1905555/0/en/Beta-Music-Group-BEMG-Get-Credit-Healthy-Executes-MOU-to-Partner-With-Stony-Lonesome-Group-to-Offer-Services-to-All-Veterans.html
recent related news
https://homebot.ai/blog/aime-and-homebot-announce-new-partnership
https://www.prnewswire.com/news-releases/driveitaway-partners-with-cloudone-to-create-the-largest-provider-of-new-drivers-for-lyft--uber-ushering-in-a-new-way-for-40-000-subprime-customers-a-month-to-buy-vehicles-300823496.html
News out.
https://tippnews.com/the-mortgage-collaborative-adds-get-credit-healthy-to-preferred-partner-network/
may take little time to fully roll out their earlier announced deals as well as this one.
Please share this.
This news release could have a positive impact re BEMG.
4/03/19 - DriveItAway announces agreement to potentially generate 40,000 subprime customers.
40,000 monthly Subprime customers need to increase credit scores is exactly GCH & BEMG business model. If GCH & BEMG helps 10%-25% of 40,000 subprime customers, it is 4,800 to 10,000 customers monthly. That could be a huge growth and revenue opportunity.
4/3/2019 News Release Headline
DriveItAway Partners with CloudOne to Create the Largest Provider of New Drivers for Lyft & Uber, Ushering in a New Way for 40,000 Subprime Customers a Month to Buy Vehicles
https://www.prnewswire.com/news-releases/driveitaway-partners-with-cloudone-to-create-the-largest-provider-of-new-drivers-for-lyft--uber-ushering-in-a-new-way-for-40-000-subprime-customers-a-month-to-buy-vehicles-300823496.html
1/24/2019 News Release Headline
Beta Music Group, Inc. announces that its subsidiary, Get Credit Healthy (“GCH”), and Driveitaway, Inc. have entered into an agreement aimed at improving the lives of drivers for ride sharing companies, such as Uber and Lyft.
https://www.globenewswire.com/news-release/2019/01/24/1704896/0/en/BEMG-Subsidiary-Get-Credit-Healthy-Partners-With-Supplier-of-Rental-Vehicles-to-Lyft-Uber.html
<all should do their own due diligence>
think they need to message better
so best to look at competitors in their sector
BIG FIRMS
- Credit Karma $4 Billion valuation based on recent capital raise
- Lifelock $2 Billion valuation based on recent sale of company.
MIDSIZE FIRMS
- Nova Credit $80 Million valuation $16 mil cap raise & $4 mil revenues
OTC Markets says this fintech company is $7 million valuation.
(283 mil shares x $0.025 = $7 million valuation).
if they can get 2 million in revenue run rate and its 15x multiple its $30 mil valuation on ($30 mil valuation / 283 million shares = $0.10)
Its all about getting more and more clients from banks, acquisitions, strategic partnerships, etc etc.
looked back at earlier post assuming forecast of revenue per client.
2,500 clients x $87 monthly per client is $217k monthly revenues. Monthly revenue of $217k = annual revenue of $2.6 million.
Look up the earlier Operation 2700 press release says goal is 2 new banks & lenders per month (24 per year).
if goal of $2.6 million x 24 firms is forecast revenue run rate of $62 million.
Assume they only do 20%-30% of this ($12-$18 million)....its still significant revenue growth opportunity.
Since FinTech companies usually value based on multiple of revenues. could a revenue multiple range of 10x of going forward run rate of revenues be doable. It all about generating new clients via Operation 2700
is this foercast accurate
Revenues $12 mil x 10x = $120 mil @ 248 mil shares = $0.40 per share.
Decrease this by 50% then its $0.20 ranges. links to the share reduction
all should their own due diligence
if $0.03 at 1 billion shares and they reduce shares by 4x to 250 million does price flow as 4x up to 0.12.
with the new banks and lenders and other business pipeline signings
news out!!! .....
question......if $0.03 at 1 billion shares and they reduce shares by 4x to 250 million does price flow as 4x up to 0.12.
waiting for more new business pipeline come
looked back at earlier post assuming forecast of revenue per client.
2,500 clients x $87 monthly per client is $217k monthly revenues. Monthly revenue of $217k = annual revenue of $2.6 million.
Look up the earlier Operation 2700 press release says goal is 2 new banks & lenders per month (24 per year).
So goal of $2.6 million x 24 firms is forecast revenue run rate of $62 million. Assume forecast by 20%-30% of this ($12-$18 million)and its still significant revenue growth opportunity.
Since FinTech companies usually value based on multiple of revenues. could a revenue multiple range of 10x of going forward run rate of revenues be doable. It all about generating new clients via Operation 2700
is this foercast accurate
Revenues $12 mil x 10x = $120 mil @ 248 mil shares = $______ per share.
all should their own due diligence
Guys its only last 2 weeks of August so safe to guess they are contacting clients and working on their plans.
If you read all of their releases headlines and details, they are very easy to understand their strategy.
GCH is fintech company with technology software with potential to use across several sectors
Their announced their technology for Banks / Lender Market (Operation 2700). Banks clients become GCH clients. Its not B to C its B to B for their clients. GCH taps into their client base.
Wait and see if GCH expands to $1.3 Trillion Student Debt Market through strategic partnerships with Colleges and Universities
https://www.businessinsider.com/student-loan-bubble-investment-is-private-abs-goldman-2017-12
Wait and see GCH expands to Identity Theft Market (like Lifelock did in 2005 & recently sold $2 Billion)
https://www.marketwatch.com/press-release/identity-theft-protection-services-market-2018-global-analysis-opportunities-and-forecast-to-2023-2018-06-28
http://www.latimes.com/business/hiltzik/la-fi-hiltzik-lifelock-equifax-20170918-story.html
Wait and see for GCH expands into the Millennial Market Sector where they are a Credit Builder. Just like RoboAdvisors are WealthBuilders.
Strategy is easy to understand as 1...2...3..
1. generating customers = increasing revenues
2. increasing revenues @ fintech multiples = fintech market cap.
3. fintech market cap / shares (reduced by up to 75% ) = ____price (fill in the blank)
Agree with you. its just about generating new clients to grow the company.
looked back at your earlier post assuming forecast of revenue per client.
2,500 clients x $87 monthly per client is $217k monthly revenues. Monthly revenue of $217k = annual revenue of $2.6 million.
Operation 2700 press release says goal is 2 new lenders per month (24 per year). So goal of $2.6 million x 24 firms is revenue run rate of $62 million.
Using a discount rate on assumption forecast by 25% or 50% and its still significant revenue growth opportunity.
Since FinTech companies usually value based on multiple of revenues. could a revenue multiple range of 5x - 10x of going forward run rate of revenues be doable.
It all about generating new clients via Operation 2700
thx. will assume lower forecast of revenue per client.
monthly revs of $217k = annual revs of $2.6 million.
(project 2700 press release has goal of 2 new firms per month or 24 per year)
goal of $2.6 million x 24 firms is revenue run rate of $62 million.
since fin tech companies mostly value based on multiple of revenues. could it be on revenue multiple range of 4x - 7x of going forward run rate of revenues
all about generation of new clients.
thx. from your analysis is this math accurate?
@ 2.5k clients x $87 per month..
monthly revs of $217k = annual revs of $2.6 million.
(project 2700 press release goal of 2 new firms per month or 24 per year)
goal of $2.6 million x 24 firms is revenue run rate of $62 million.
monthly revs of $318k = annual revs of $3.8 million.
(project 2700 press release goal of 2 new firms per month or 24 per year)
goal of $3.8 million x 24 firms is revenue run rate of $91 million
good news. great job!!