Posted by 1 month ago. I don't see why that's unreasonable, and they point out factors that make the UK/EU market more favorable for their business model than the US market. Yes, they see it’s a good deal. I like the 10% SPAC investor ownership, however, they're expecting revenue to increase 36x from 2020E to 2024F, as we shift to re-opening in-person businesses in 2021? User account menu. Haha any other positions I should be aware off? Press J to jump to the feed. It's been operating for 5 months. I honestly thought the valuation was insane until they mentioned projected 1b in 2021 and already at 600m for first quarter of 2021. Shares of video game retailer GameStop soared earlier this year on Reddit-fueled euphoria. I'm sorry guys, I made AJAX my biggest holding in Feb so this was bound to happen. AJAX I and Cazoo Announce Business Combination. 3. I am holding 800 shares and currently down about 10%; will hold to see performance post merger. Hi! If the post above contributes to the sub in a meaningful way, please upvote this comment! Now whether the market believes it or not is the other question. Hi! According to sources, this weekend Ajax I was one of Cazoo’s potential SPAC partners as it pursued plans to publish it in an astronomical assessment. is investigating potential securities claims on behalf of investors of ACM Research Inc. (“ACM” or the “Company”) (NASDAQ: ACMR) to determine whether ACM engaged in securities fraud or other unlawful business practices. Under the terms of the agreement, Ajax shareholders will retain ownership of only 10% of the combined company.The investigation concerns whether the Ajax Board breached its … If this post breaks the rules of r/SPACs, belongs in the Daily, Weekend, or Mega threads, or is a duplicate post, please downvote this comment!. Special Purpose Acquisition Companies (SPACS), Units, Warrants and the best DD on Reddit. Investors Aren't Thrilled About the Ajax-Cazoo Merger, But It May Yet Offer Value. Vote. Learn More. U.K. online car retailer Cazoo Holdings said it's agreed to be bought by special purpose acquisition AJAX I AJAX, +0.59% in what said was an enterprise value of $7 billion. It’s a good business. Vote. Cazoo said it would combine with AJAX I, a U.S. blank-check firm founded by Och, in a deal valuing the business at $7 billion. In 181 days or roughly the 25% mark of AJAX I's fulfilled time in its 2-year timeline to find a merger will be April 9, 2021. Would be poetic if years later this becomes the de facto way to buy used cars in Europe and the stock has become a four bagger. So they’re staying on with it. r/AJAXI Lounge. The deal with AJAX I, a special purpose acquisition company (SPAC) listed on the New York Stock Exchange, values Cazoo at $7 billion, including debt, more than double the $2.6 billion valuation in its private funding round in October. I mean retail can get in at only 4% or so more than institution. Let's see if we stay on the floor or we start to ascend to Valhalla. Hot New Top. Cazoo Holdings Limited ("Cazoo" or "the Company"), the UK's leading online car retailer with a fast-growing presence in Europe, which makes buying a car as simple and seamless as purchasing any other product online, and AJAX I ("AJAX") (NYSE: AJAX), a publicly-traded special purpose acquisition company ("SPAC"), today announced the signing of a definitive business combination agreement. Why would Blackrock, Morgan Stanley and Fidelity PIPE this SPAC for $800m if Cazoo is a shit company? Cazoo Ltd. will list in New York after selling itself to hedge-fund founder Dan Och’s blank-check company in a deal valued at $7 billion, turning its back on . Not jumping in, but I am very curious about this exact aspect of the deal. Auto1 already dominates the European market. It's one thing to say maybe us retail got duped and AJAX overpaid. r/AJAXI: Due Diligence Destination AJAX I Stock. This is why we don’t make money anymore. I have same thoughts about it. Your vote determines the fate of this post! I'm QualityVote, and I'm here to give YOU the user some control over YOUR sub! Press J to jump to the feed. They have to confirm or denounce Cazoo by April 8, 2021. Cazoo Holdings Limited, a UK company that buys and restores used cars and delivers them to buyers, is on […] I'm QualityVote, and I'm here to give YOU the user some control over YOUR sub! As our portfolio corroborates, they know something we don't.. Hi! Press question mark to learn the rest of the keyboard shortcuts. Press question mark to learn the rest of the keyboard shortcuts . How the fuck does a leader in their respective market sector fathom up a strategy overnight to increase their revenue 36x in 4 years? Online car retailer Cazoo is considering a deal to go public through hedge fund investor Dan Och's Ajax I (NYSE: AJAX) SPAC, according to a SKY News report. And the PIPE amount is 800 million in this deal. If this post breaks the rules of r/SPACs, belongs in the Daily, Weekend, or Mega threads, or is a duplicate post, please downvote this comment!. Your vote determines the fate of this post! Sundheim och and gerstner. ExpertWriting — the cheapest Reddit essay writing service People on Reddit often talk about ExpertWriting for how it provides some of the most affordable rates on the market. card classic compact. Surprised to see Altimeter, Blackrock, Fidelity as PIPE investors in Cazoo. Your vote determines the fate of this post! If this post breaks the rules of r/SPACs, belongs in the Daily, Weekend, or Mega threads, or is a duplicate post, please downvote this comment! Papers are available from $9, plus a 5% discount is open to most customers. If you abuse me, I will disappear and you will lose this power, so treat it with respect. What more you want? You On Kazoo! This company is known for providing good value for money and good reputation. Your vote determines the fate of this post! User account menu. This company is known for providing good value for money and good reputation. https://www.cazoo.co.uk/static/docs/Cazoo%20-%20Investor%20Presentation.pdf. If valuation pans out and Cazoo starts printing, people can never say that SPAC was unfair to retail investors. save. Amid headlines about quarantined Chinese cities and dozens of potential cases showing up in the U.S., Brent crude closed on Friday at $60 and change, its lowest since Halloween. Join. card. Fuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuu. I also follow Tradewithalerts and thy only say "Large Print" which I understand to be buying or selling? I know sentiment is mostly negative on Cazoo as it wasn’t the blockbuster / game changer everyone expected with the “dream team”, but seems to me like there may be some opportunity for growth and shareholder value if compared to Carvana. It is not like it can drop by much. Close. Shares of GameStop (NYSE: GME), AMC (NYSE: AMC), and MicroStrategy (NASDAQ: MSTR) have delivered impressive returns, up 900%, 360%, and 80%, respectively, in 2021. Papers are available from $9, plus a 5% discount is open to most customers. It is unclear whether the negotiations will go to an advanced stage or an agreement will be reached, but negotiations between the two parties have been going on for several weeks. I am buying more because I am … 7. pinned by moderators. The deal with special-purpose acquisition company Ajax I will raise about $1.6 billion in proceeds, including $805 million in a cash trust from the SPAC and another $800 million from Ajax’s sponsors, Cazoo said in a statement on Monday. They see their current trajectory matching Carvana's. Live Discussion. We use cookies on our websites for a number of purposes, including analytics and performance, functionality and advertising. Papers are available from $9, plus a 5% discount is open to most customers. You On Kazoo! May be they know something which we don’t or they are confident to sell it to retail at a higher price. Hi! This is being billed as a hypergrowth company. Cazoo is expected to raise $1.6 billion from the deal with AJAX I, including $805 million in a cash trust from the SPAC and a further $800 million from private investors. Hi! (Bloomberg Opinion) -- Oil succumbed to the coronavirus this week because its immune system was compromised already. Market doesn’t like this sector at the moment,but cazoo seams to have more value than others, It went up .40 cents I'd call that a winner in today's environment. ExpertWriting — the cheapest Reddit essay writing service People on Reddit often talk about ExpertWriting for how it provides some of the most affordable rates on the market. But institutions have matched paying for this valuation dollar for dollar, so there has to be something to that. If this post breaks the rules of r/SPACs, belongs in the Daily, Weekend, or Mega threads, or is a duplicate post, please downvote this comment!. Let's see if we stay on the floor or we start to ascend to Valhalla. Cazoo Ltd., the British used-car platform, agreed to sell itself to a blank-check company for $7 billion. If the post above contributes to the sub in a meaningful way, please upvote this comment! They have to confirm or denounce Cazoo by April 8, 2021. Why would these people put all this money into lockup for such a long time for something that's obviously going to crash and burn? ABOUT. Log In Sign Up. I personally don’t see this as a good deal but it appears that the whales might see something we don’t. report. Rising. I'm QualityVote, and I'm here to give YOU the user some control over YOUR sub! Cazoo, the UK used-car gross sales portal that has been on a main fundraising tear in the final 12 months, will be subsequent firm to pursue extra development . Life goes on. Had to . AJAXI r/ AJAXI. Cazoo partnership with Instagram would be nice. The PIPE orderbook was oversubscribed, Och said. Yes, the valuation is rich, but it also doesn't seem to be a SPAC specific symptom this time... SkyNews reported in the same article that UK's other used dealer Cinch is privately valued at 7 billi. Had to . Cazoo, the UK used-car gross sales portal that has been on a main fundraising tear in the final 12 months, will be subsequent firm to pursue extra development. I'm curious how you understand them to be buys? Special purpose acquisition company Ajax I is under consideration as one of the partners for Cazoo, and talks have been underway for several weeks, according to Sky. I will not sell my shares yet. If this was going to go to 6/7 why would they invest at $10? Maybe they'll sell as soon as they can for $10.10 to net that sweet 1% gain. youtu.be/cRpdIr... 0 comments. I am buying more because I am … I think having that sheds a light on these valuations. The difference in valuation, fuck me. Cazoo, which may be … AJAX I (“AJAX”) is a newly incorporated blank check company whose purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Guess it’s official. That's a huge PIPE, pretty much equal to the SPAC size. This is all the more remarkable when you consider January has seen several geopolitical … If you abuse me, I will disappear and you will lose this power, so treat it with respect. In 181 days or roughly the 25% mark of AJAX I's fulfilled time in its 2-year timeline to find a merger will be April 9, 2021. hide. Interactive chart for CVNA210326C00430000 (CVNA210326C00430000) – analyse all of the data with a huge range of indicators. What scaling strategy do they intend to implement to justify 36x increase in revenue in four years? Shares of video game retailer GameStop soared earlier this year on Reddit-fueled euphoria. PHILADELPHIA, Oct. 27, 2020 (GLOBE NEWSWIRE) -- Kehoe Law Firm, P.C. If this post breaks the rules of r/SPACs, belongs in the Daily, Weekend, or Mega threads, or is a duplicate post, please downvote this comment! Press J to jump to the feed. The deal with AJAX I, a special purpose acquisition company (SPAC) listed on the New York Stock Exchange, values Cazoo at $7 billion, including debt, more than double the $2.6 billion valuation in its private funding round in October. $200M of the PIPE is the AJAX board too. Link here: https://www.cazoo.co.uk/static/docs/Cazoo%20-%20Investor%20Presentation.pdf. Your vote determines the fate of this post! Press J to jump to the feed. If the post above contributes to the sub in a meaningful way, please upvote this comment! 106. share. I'm QualityVote, and I'm here to give YOU the user some control over YOUR sub! Press question mark to learn the rest of the keyboard shortcuts. There were 7 big buys today reported by Tradewithalerts. share. British used car company Cazoo will be revealed in a merger with billionaire investor Daniel Och’s special purpose acquisition company (SPAC). Community Any post merger thoughts on AJAX / Cazoo? People are just hearing used car and think it’s boring. This is a company that alleges they're leading their respective market sector. The company sells and delivers vehicles in the United Kingdom and the European continent. Cazoo Holdings Limited, a UK company that buys and restores used cars and delivers them to buyers, is on the verge of going public on the NYSE through a business merger with Ajax I … According to the report, the deal values Cazoo around $7 billion with an extra $1.6 billion of which $805 million will come from Ajax I and another $800 million will be received from several other stakeholders. Everyone and their mother here and on twitter seems to hate this deal so it'll probably be the best SPAC 5 years from now. There's a long game here retail is not paying attention to. We use cookies on our websites for a number of purposes, including analytics and performance, functionality and advertising. "Ripe for digital disruption" is an insufficient strategy. Due Diligence Destination AJAX I Stock. Got to start factoring in non-SPAC competitors in these comparisons, Carvana and Carmax are relatively comparable established companies with more revenues and are easy comps. Our Target. 100% Upvoted. Log In Sign Up. As much as you guys seem to hate this deal, you think these PIPE investors are idiots? The crack pipe was oversubscribed at Ajax. If the post above contributes to the sub in a meaningful way, please upvote this comment! Shares of GameStop (NYSE: GME), AMC (NYSE: AMC), and MicroStrategy (NASDAQ: MSTR) have delivered impressive returns, up 900%, 360%, and 80%, respectively, in 2021. What investors see is Cazoo's near free reign to dominate the European marketplace where there's meagre competition. The used car market in the U.K. is huge and if you serve 1-2% of it you’ll do very well. Investors in the PIPE include D1 Capital Partners, BlackRock and Fidelity Management, with $200 million of the PIPE financing also coming form AJAX’s team including Och and Instagram co-founder Kevin Systrom. ExpertWriting — the cheapest Reddit essay writing service People on Reddit often talk about ExpertWriting for how it provides some of the most affordable rates on the market. Shares of GameStop (NYSE: GME), AMC (NYSE: AMC), and MicroStrategy (NASDAQ: MSTR) have delivered impressive returns, up 900%, 360%, and 80%, respectively, in 2021. I'm QualityVote, and I'm here to give YOU the user some control over YOUR sub! Its competitors include AutoTrader and Carvana. Bloomberg reported last month that the online car dealer, which is backed by investors including … Posted by just now. Shares of video game retailer GameStop soared earlier this year on Reddit-fueled euphoria. According to CrunchBase they invested in the recent Series-D round. Log in or sign up to leave a comment Log In Sign Up. I don’t see what’s stopping any existing chain of dealerships from adopting this same model with a fraction of the capex. Follows Cazoo’s recent announcement of its $7.0bn business combination with AJAX I. Duncan will join Cazoo Board following transaction closing and listing on NYSE in Q3 2021 . Press question mark to learn the rest of the keyboard shortcuts. This company is known for providing good value for money and good reputation. save. Founded three years ago, Cazoo is a UK-based online used car marketplace. If the post above contributes to the sub in a meaningful way, please upvote this comment! Special Purpose Acquisition Companies (SPACS), Units, Warrants and the best DD on Reddit. 7. Easy to sell and buy other stocks. They not only have their reputations on the line but their money too. Hot. Hot New Top Rising. Retail's mistake with this deal was to compare Cazoo to its North American equivalents. I dumped all my holdings today cuz I never liked this sector (even though CVNA kept killing it). It’s getting a loan online and digitizing some forms. 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