 Better late than never What's up money geeks mr. V here welcome to another video guys so into this video We are going to profile ticket symbol J.M.I.A Joumir technologies. This is the e-commerce platform for the African market So before we get started guys if you're new to the channel We talk about how to earn money how to save money how to invest and build wealth So if that's something that interests you go ahead and hit that subscribe button any notification bell So you don't miss out on new content so Joumir technologies is the E-commerce platform for the African market and this year alone the stock has been doing really great One of my great friend Kevin Foy actually reached out to me and mentioned this stock And I was too late to get to it or I just got too busy never got around to review it But here we are better late than never so I'm actually doing a review right now for two reasons because The African market e-commerce space is still very very untapped and also because I'm African I should be talking about this because I think it helps the continent So let's jump right in and take a look at the company and just see exactly where they are headed and see maybe There's opportunity here for investors. So here we go guys. This is Joumir again. This is Joumir website I'm just going through it. So the company right now operate in three key areas The first one is Joumir marketplace second is Joumir logistics and the third one is Joumir pay Which if you look at their investor presentation here, these three key key areas Joumir technology allows People to be able to you know buy and sell on the marketplace and they've looked at the Joumir logistics People can recharge their data plan people can book a flight people can find hotels and then Joumir Payments actually allow people to be able to order stuff like pizza or pay their bills So if you look at these competitors to something like Alibaba in China, which they do exactly the same thing So I think they're trying to model that Alibaba business model in China They're trying to model it in the African market Which I think is a great idea because the African market is still very very untapped A lot of people are still not seeing the potential there So the fact that these guys are jumping in Gives that marketplace a great opportunity For them as a company to go in and establish And just understand the landscape so that when it comes to when they start generating revenue This would be excellent for them. So again, we're just going to take a detailed look at some of the Values here that I see with Joumir. So let's jump back here and I'm going to show you guys So right now Joumir has about six point one million active customers and Active sellers they have about a hundred and ten K active sellers That's not a whole lot if compared to the population of Africa The population is huge, but yet a lot of people still don't have access to some of the services So as the continued the continent continues to to expand and technology continues to infiltrate the continent You're going to see more and more people getting onto these platforms So right now gross merchandise value of about 1.1 billion euros. So let's and right now Joumir is only available in 11 African countries you're talking about a continent that has 55 different countries and now only 11 are on here and so imagine that just half of these countries were on here It would make tremendous amount of difference from their revenue. It would go a lot higher So as of when we're doing this video Joumir is currently trading at about Over I think over $35. They actually hit about $40 and then pull back a little bit. So the current market cap is Almost three billion dollars or 2.99 so around up to three billion dollars But again guys the thing is I'm actually looking here is the fact that only 11 African countries are currently Using this platform. So out of 55 Imagine that half get on this platform this huge game massive massive potential. We've seen this You see you look at like Amazon that represent America and maybe some Europe Countries if you look at Alibaba that represents on Asia and China if you look at is it Mesudo Libra, which is represent South America. This is just their own e-commerce platform So if you go to South America, you would see this platform is huge down there So from Mexico to Brazil to all the other South American countries use this particular platform. So again Joumir comes in the picture in this case to kind of bridge that gap that Africa has always been left behind So what I'm seeing here from you know from an investor standpoint I know that are just this past month. Look at this. This is September. This is September That's August. So this is about September 9 So from September 9, you start was under nine dollars and then fast forward to November 25th this stock actually hit about thirty six dollars or thirty eight dollars for for high So that is crazy crazy Movement again, I'm looking at this stock from a long-term perspective. I'm not just looking the short term long-term perspective is that the African market again in my opinion is still very very You know on the surf so if these guys are coming in and providing a Platform that people can start leveraging technology to increase sales to it Just again make payment a lot easier because I look at Ali Baba in in China today most people don't even use cash you go to the food market You see a grandma or grandpa selling their selling some fresh tomatoes. They want you to pay using your cell phone They don't want you to give them cash because first it's risky them carrying that cash around somebody can easily snatch it So they prefer you pay them using payments. So Ali pay has actually come in and help them So this going in that space in the African market, too I think that's something that a lot of people are going to benefit from you know when you talk about these junior pay overall for me what I see long-term is that Junior is going to go through some ups and downs It's not just it's not going to be a smooth right Anticipate maybe a pull back here if you're looking to get in anticipate a pull back here And you might see some shuttle as they're gonna come out and call them out and say this thing is not really working It's not super profitable. They're gonna give some reasons to expect a pullback But to me what I see is long-term picture Expect that they're gonna do the groundwork They're gonna infiltrate that market set the base that the base work They were a bigger investor can come in so you're looking at companies like Amazon You're looking at Ali Baba they can come in and be investors or even want to buy junior out because I mean think about it If Amazon wants to buy junior today, they can easily the company right now is valued at what three billion dollars Amazon can just show up tomorrow and even Quattropoded amount and and pay them and take that company because already they have the infrastructure They saw Amazon can come take that so those are the potentials. I'm looking here Just as a company they have room to grow if they can bring in all the other African countries All 55 of them on board man This company would go from a three billion dollar company to at least a 30 40 50 billion dollar company And then imagine that if some of the Amazon wants to come in and bring in their logistic services that they have their payment services But they have that is highly integrated and expose that to the African market I think people can start shopping globally people can shop from you know from Africa You can shop in the United States from Africa You can shop all around the wall from the United States You can buy things in Africa and give it to your family or sending it to friends. So there is huge Again amount of potential here. So don't look at this as an immediate growth stack. Look at this as a long-term growth stock I personally would be investing in this company for the long haul I'm not investing in it because I want to see some growth. So I'm not gonna buy a huge amount of shares I'm gonna buy just enough amount of shares that feel comfortable with and to hold them for the long run and see where this goes This might be again if they call it the Amazon of Africa or they call it the Alibaba of Africa Look at where the stocks are trading right now Amazon over $3,000 Alibaba right now over 250 dollars. So even if this stock goes up to a hundred dollars or 150 that is still tremendous amount of returns And but to me the sky is the limit and I think that this stock has room for growth But you have to be patient be ready to go through the ups and downs and not panic because Again, this is an emerging market. There's so many things to bring other come other countries on board It's not gonna be an easy task. You have Countries that speak different languages different cultures everything if to bring them on board It's gonna take a little bit, but as this slowly on this slowly adding this comp these other countries I see the stock growing I see revenue growing and I see a huge Investor coming in and trying to be part of this journey and it's gonna be a good story, right? if let's say Amazon buys Jumeir and bring Maybe Amazon service to Africa. It's a great stories to investors people are gonna love to hear that Amazon say hey We brought them we exposed that the Africa market to everybody people can tap their potential there and also people in Africa can shop and buy goods and services all around the wall so she's just Specifically in the United States. So again, that's my take I might be a little bit emotional about it. It's just because I'm African, but I think just from an investment standpoint I see huge potential. So let me know in the comment section. What do you think about your stock? Do you currently own it or was this on your radar? If if anything again guys I want to hear what you think about it and as always always do your homework Don't be a greedy savage and stay motivated You