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Every investment thesis should be based on reality and market driving factors.

Speaking to a lot of people generally, and a few vendors in connection to Xmas markets, both are being apprehensive about going into these large public gatherings.

Plus when we add in the current cost of living, people will see buying wine online and having at home with friends/family as a cost effective solution.

As such, this will combine for a bumper period in sales for naked, and more importantly add new clients and grow out the consumer base for longer term platform stability.

Looking at the guys pedigree and experience he will be very well connected and have a lot of knowledge to take naked wines to the next level.

I imagine that most of his pay will be bonus linked, so expect a very aggressive move over the coming months to drive revenue and share price in turn.

now with Xmas sales here, and a lot of people expected to avoid Xmas markets due to the troubles in MEA, there will be a lot of wine for home buying happening.

Would expect this to easily move up to the 70's once some good buys lands and people realise how cheap this share is now.

I still believe that 170 is the target, I literally said "i'm bullish" on a post earlier today.

I'm just saying, that this morning looks like a pump and dump by the funds to clear profit ready for the weekend.

Keep in mind there will be some with 50% profit currently, and in this market that is crazy good.

By all means, please keep holding and buying, all that does is help me to make more profit on my own holding.

Seem like a few of you have just jumped in late yesterday and freaking out that maybe you got caught on a spike.

can see this drop to mid 60's level out and start the move back up again.

Anyway, have a great weekend to all the profit takers.

Ive been very vocal on here for all the reasons to be positive long term for this company.

As such, its also my responsibility to say when I see something that appears to be short term spike which this morning looks like.

Up to everyone else with what they do with the information I provide, I do not provide advice.

Im just saying be careful, on spikes. There will people looking to take their 50% profit they have made this week before the weekend.

And if GSA Capital are looking to minimise the damage of their short they might place another now to drop the price and average out their position cost.

Also would as they are a short / long hedge fund, that they might have bought on the way up, which they can sell to make profit and even out their short to maximise returns.

Naked Wines has appointed Rodrigo Maza as managing director of its UK business.

Rodrigo Maza, formerly of Grupo Modelo and AB InBev, will succeed former Naked UK managing director, James Crawford, who becomes chief financial officer role for the Naked Wines group.

Maza has previously launched digital, consumer-facing ventures in seven Latin American countries, before becoming managing director of AB InBev’s PerfectDraft operation in Europe.

With almost 20 years of experience in the drinks industry, Maza brings with him “a strong skill set and an excellent reputation for delivering world-class shopping experiences and profitable growth”, according to a Naked Wine spokesperson.

Nick Devlin, Naked’s global CEO, said: “Maza’s extensive strategic experience, relentless customer focus and track record of driving innovation in the beverage space make him a natural leader for our key UK business. I’m delighted to welcome Maza to Naked and excited about supporting him as we pursue our mission to get more UK consumers drinking independent.”

https://harpers.co.uk/news/fullstory.php/aid/32027/Naked_Wines_UK_appoints_new_MD.html

Im bullish on Cab, however it does look very very spiky this morning, and would expect people to take profit as its a Friday to avoid weekend news/happenings.

Look at bit too spikey this morning.

£6 a share is only an MCPA of £1.5billion, compared to the market and currency exchange required.

Africa GDP market of £3000Billion a year (£3Trillion), with a 5% growth rate target, multiplied by 10 = £50Trillion.

South Africa by itself has a forex trading volumes including CFDs and spot trading totalled about $2.21 billion per day with a total daily foreign exchange volume of $20.37 billion for all FX instruments in 2019.

Once we get into the details, and understand the market and the business of Cap Payments, it becomes clear that the IPO was sensible, and the target prices by funds of 450 to 600 was realistic.

The buoyant weighted price is around 170, with an imminent target of 230.

With emerging market for Africa it should be around 350-450 for this year alone.

Once Cab Payment set up then looking at 10 years contracts for stability.

And we have the prospect of this becoming a dividend share.

So looking at a mid term price of 600 - 700, which is in line with city/NYC fund predictions at IPO.

The market for Cab Payments is amount to go supernova:

Africa H2 2023 and H1 2024 that need FX and regulations:

$10 billion in foreign currency inflow to Nigeria within days.

$100 billion in remittances into Africa.

$50 billion expected aid package from EU countries to house refugees and illegal migrants.

$10 billion in climate change funding coming.

Growth of leading African economies being 6% to 10% and massive GDP growth:

2025: $3,665.6 billions

2024: $3,391.9 billions

2023: $3,144.8 billions

On top of all of this:

EU Countries to pay Rwanda and African re-housing for refugees and Migrants:

We now have the UK, Sweden, Denmark, Austria, Germany, and Italy combining to fund billions.

Sony launches $10m fund to support African entertainment startups.

Gates Foundation funding $40 million effort to help develop mRNA vaccines in Africa in coming years.

AAIC Investment announces new backing for health-focused fund, takes total size of funds to $87m.

US-UK Climate Finance Mobilisation Forum raised more than $2 billion in commitments.

UK has committed £143 million to East Africa for the financial year 2023 to 2024.

U.S. announces $524 million for Horn of Africa drought; Germany, UK also make pledges.

Dont sell below 170, there will be tree shakes, but this is moving fast back.

Still on track for 17%, and billions and billions of funds on the way to Africa.

See my previous posts on the massive market growing in Africa now.

On yahoo finance:

165K shares bought at 10.42am

150k shares bought at 11.18am

99k shares bought at 12pm

Expect profit takers from Ethernity to be coming here now to drop in funds.

Plus looking at the USA/EU economies compared to Africa, the really 10% plus growth will be in Africa.

As such, funds looking at next year and will be loading up now for a 3-6 month hold.

The drop was just because of the current market conditions.

Every share is dropping way oversold currently, so nothing specific to Cab.

Still on track for 17% growth, which is fantastic.

And per my other posts, when looking for massive growth over 2023 to 2025, Africa is the place to be with billions and billions moving into the region needing FX services that Cab provide.

This should be above 250 within weeks.

Looking at this strategically it would appear that FMR sold in order to inject free float in to the market.

This is great as it helps the churn to support the price movement.

I suspect that due to the shares being so tightly held that in a few more days the moves will be back to above 170 fast.

Let the profit jumpers get out, it allows for real investors and funds to buy up to move this to the next stage.

Once the dividend gets announced that will be great, as small share float means = big dividend payment per share

I would expect around March 2024 to be above 350 based on projections.

Africa H2 2023 and H1 2024 that need FX and regulations:

$10 billion in foreign currency inflow to Nigeria within days.

$100 billion in remittances into Africa.

$50 billion expected aid package from EU countries to house refugees and illegal migrants.

$10 billion in climate change funding coming.

Growth of leading African economies being 6% to 10% and massive GDP growth:

2025: $3,665.6 billions

2024: $3,391.9 billions

2023: $3,144.8 billions

Over the last decade, remittance flows to Africa doubled, reaching $100 billion in 2022.

That is a lot of money moving through FX services to change currency.

350 is what I'm holding for, and then we will also see dividend announcement coming.

Cab Payments part of massive change to Africa, whole countries becoming economic powerhouses with vast natural minerals and human resources.

" Nigeria expects $10 billion in foreign currency inflows in the next few weeks to ease liquidity in a foreign exchange market that has cramped growth in Africa's biggest economy, finance minister Wale Edun said on Monday.

The West African country has faced chronic dollar shortages after foreign investors exited local assets during a period of low oil prices. Since then, investors are yet to return and the central bank has not yet settled outstanding demand for dollars from foreign investors seeking to repatriate funds or airlines seeking to send money from ticket sales abroad."

https://www.reuters.com/world/africa/nigeria-expects-10-bln-forex-inflows-weeks-finance-minister-2023-10-23/