ЁЯЪи BUY ALERT $CDON +23% ЁЯЪи

$CDON was founded in 1999 and was part of the Qliro group until September 2020

тнРя╕П It was then spun out at started operating as a fully independent retailer

ЁЯМР It is now a leading e-commerce player, but is still valued as a brick & mortar retailer

The company generated most of its revenue from its own sales (first party sales)

ЁЯЫН It is now moving towards an тАЬe-commerce platformтАЭ / marketplace positioning where merchants retail products and send these to clients
$CDON is the leading e-commerce player in the Nordics, it counts 2m active customers and over 1,300 merchants

ЁЯТ╕ It retails over 8m products and scored a Gross Merchandise Value of SEK 2.4B ($ 288m) in the 12 months leading to Q3 тАЩ20
$CDON belongs to a cohort of local e-commerce player which have successfully managed to fight $AMZNтАЩs dominance

ЁЯЗ│ЁЯЗ▒ https://t.co/jUdtPRTkdU in the Netherlands is the leading e-commerce player with 111m website visits (+30% in H2 тАЩ20) vs 33m for $AMZN (+67% in H2 тАЩ20)
ЁЯЗлЁЯЗ╖ https://t.co/r9rdGvrx9d in France is the N┬░2 e-commerce player with 84m visits (+21% in H2 тАЩ20) vs 270m for $AMZN (+42% in H2 тАЩ20)

ЁЯЗ╕ЁЯЗк https://t.co/m8OyFnNYNJ in Sweden scored 7m visits (+27% in H2 тАЩ20) vs 10.3m for $AMZN (entered market in 2020)
Following $AMZNтАЩs example, $CDON is turning itself into a marketplace

ЁЯЫН It doesnтАЩt sell products directly to consumers but takes a commission on sales

ЁЯУж It doesnтАЩt need to manage inventory or insure product quality

ЁЯТ╕ It generates additional sales through advertising
In order to attract and retain merchants, the company is developing a range of tools

ЁЯУК Provides data-insights on products sold

ЁЯЫН Integrations to $SHOP and Magento

ЁЯУж Delivery, warehousing management
On the market side, e-commerce penetration is high in the Nordics

ЁЯЗ│ЁЯЗ┤ Norway: 26%

ЁЯЗйЁЯЗ░ Denmark: 25%

ЁЯЗ╕ЁЯЗк Sweden: 25%

ЁЯЗлЁЯЗо Finland: 23%

Compared to other European countries:

ЁЯЗлЁЯЗ╖ France: 22%

ЁЯЗмЁЯЗз UK: 21%

ЁЯЗкЁЯЗ║ EU Average: 18%

https://t.co/5wGqyJQqmd
Nothing too extraordinary for now - What is the pitch?

1я╕ПтГг $CDON was previously valued as a brick & mortar retailer as its activity-mix consisted mainly in conventional retail operations

2я╕ПтГг Marketplace sales now account for 67% of total in Q3 тАЩ20, up from 40% a year earlier
3я╕ПтГг Despite the change in activities, the company still trades at a PS of 1.5

For comparison:

тЬЕ $OZON trades at a PS of 8

тЬЕ $SE trades at a PS of 30

тЬЕ $MELI trades at a PS of 28
4я╕ПтГг Growth is overshadowed by the decline in its conventional retail activities

5я╕ПтГг When looking only at the тАЬmarketplaceтАЭ sales, these are up 94% YoY to SEK 1.5B ($ 180m)
Thank you @T_I_M_P_P_A for surfacing this gem!

Happy to hear your thoughts!

@miljonjakten
@cmuggla
@KodarnMotMelon
@mhvestergaard
@Matematikern3
@JGSventures
@SJ_Invest
@tjylha
@Andan_swe

тБЙя╕П Other gem worth surfacing тБЙя╕П

ЁЯФе $GFG.DE is on the watchlist as well
ЁЯФе We have a stake in $CDON.ST ЁЯФе

Disclaimer - This is not investment advice in any form and investors are responsible for conducting their own research before investing.

DonтАЩt MISS anything ЁЯУй Subscribe NOW тЪбя╕П

https://t.co/lQ6ay1zmm2

More from Trading

12 TRADING SETUPS used by professional traders:ЁЯз╡

Collaborated with @niki_poojary

Here's what you'll learn in this thread:

1. Capture Overnight Theta Decay
2. Trading Opening Range Breakouts
3. Reversal Trading Setups
4. Selling strangles and straddles in Bank Nifty
6. NR4 + IB
7. NR 21-Vwap Strategy

Let's dive in тЖУ

1/ STBT option Selling (Positional Setup):

The setup uses price action to sell options for overnight theta decay.

Check Bank Nifty at 3:15 everyday.

Sell directional credit spreads with capped


@jigspatel1988 2/ Selling Strangles in Bank Nifty based on Open Interest Data

Don't trade till 9:45 Am.

Identify the highest OI on puts and calls.

Check combined premium and put a stop on individual


@jigspatel1988 3/ Open Drive (Intraday)

This is an opening range breakout setup with a few conditions.

To be used when the market opens above yesterday's day high

or Below yesterday's day's

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