citron research jumia

Jumia So you can see as the TPV grows, Jumia’s revenue from its take rate will increase. Over time this will lead to profitability and positive cash flow. This is essentially why Citron Research changed its mind about JMIA stock in late October. They even came out with a 16-page report titled, “ Jumia, the Generational Buy .” Jumia Technologies AG (JMIA Jumia Louis Navellier and the InvestorPlace Research Staff, InvestorPlace. “In 18 years of publishing, Citron has never seen such an obvious fraud as Jumia.”. Shares of Jumia Holdings ( NYSE:JMIA) surged as much as 12% after trading opened on Oct. 9, following a tweet from short seller Citron Research early this morning. This was going to cause a ruckus, and it did. Citron called upon a full investigation on Jumia saying that they believe more would be … The results are the company’s first after going public, and come after Citron Research said the company was a short target. 2) On the topic of Tesla, Andrew Left of Citron Research and I have different views on the company's prospects and where the stock is headed (and even have a friendly $7,000 wager that will benefit his favorite charity or mine, depending on whether the company reports a profitable quarter this year).. Jumia denied those claims, but the share price suffered. According to its report, Citron Research says that Jumia Technologies is the only scaled e-player in Africa, shipping about 20 million packages a year to cities and rural areas across eleven countries in the continent. 2) On the topic of Tesla, Andrew Left of Citron Research and I have different views on the company's prospects and where the stock is headed (and even have a friendly $7,000 wager that will benefit his favorite charity or mine, depending on whether the company reports a profitable quarter this year).. Jumia Technologies shares are trading higher on continued strength after the company on Tuesday reported strong Black Friday sales. Andrew Left Citron Sacha Poignonnec Poignnonec John Fortt 1:19 Andrew Left’s Groups. Few weeks after its widely-promoted initial public offering, IPO, on the New York Stock Exchange, Citron had come out to criticize the offering eCommerce company as a fraud over alleged falsifications in its disclosures for the NYSE listing. Citron highlighted that Jumia is the most popular online shopping app in Africa and the fifth most admired brand on the continent. Citron Research published a short report on the stock in 2019 in which it alleged problems with the e-commerce company, including discrepancies in … The slide could yet continue for Jumia as Citron Research, a known stock short seller, has produced a report alleging the company is … Citron Research's Andrew Left appeared on Benzinga's YouTube show "PreMarket Prep At The Close" Thursday to discuss Jumia Technologies AG (NYSE:JMIA) in an exclusive interview.. Citron Research published a short report on the stock in 2019 in which it alleged problems with the e-commerce company, including discrepancies in financials, fraudulent orders … Nov. 30, 2021, 12:45 PM ... That’s a lesson learned by many of Jumia Technologies ... Citron promotion. E-commerce firm Jumia Nigeria Limited, yesterday said it was considering its options – including taking legal action, against Citron … In May 2019, the short-seller Andrew Left of Citron Research referenced Jumia as a "securities fraud", citing material discrepancies regarding key financial metrics among a confidential investor presentation and Jumia’s F-1 filing to the SEC from its April, 2019 IPO. Jumia consistently denied those claims. This is after a research company, Citron Research released a report disregarding the company as a result of what they are regarding as the ‘most obvious fraud.’ Citron Explains Change Of Heart On Jumia Technologies, $100 Price Target Citron Research has gone from bearish to bullish on Jumia Technologies, a Berlin-based e-commerce company operating in Africa. If you follow controversial stocks, you likely know the name Citron Research. The independent firm is well-known for its 20 years of blunt and abrasive commentary about stocks, usually with a distinctly negative outlook. Citron Research that Called Jumia Fraud, Ends 20 Years Short Selling Report. Jumia to release report for 1Q2019 today Citigroup Global Markets Inc., an investment bank for Jumia Technologies, has responded to fraud allegations levelled against the e-commerce company by a research firm, Citron Research. Jumia JForce NYSE Citron Research SEC J-Force Chartered Financial Analyst Citibank Research Citron Research’s the J-Force GMV F-1 Company TechCrunch CNBC Citron’s Research People. Allege fraud: Jumia denies wrongdoing, stands by prospectus. The company's platform consists of marketplace that connects sellers with consumers; logistics service that enables the shipment and delivery of packages from sellers to consumers; and payment service, which facilitates transactions to participants active on the … Jumia Technologies has subtly fired back at Citron Research, dismissing claims that the “Amazon of Africa”, was a ‘fraud’. We would like to show you a description here but the site won’t allow us. What To Know. Shares of Jumia Holdings ( NYSE:JMIA) surged as much as 12% after trading opened on Oct. 9, following a tweet from short seller Citron Research early this morning. “Citron believes that Alibaba and/or Softbank will come in as a … Citron has already published a report of its findings, which calls Jumia an ‘obvious fraud’, and that the company pulled the worst scam in Citron’s 18 years of operations. Credible people are going on the record to accuse Jumia of fraud: "Jumia is clearly lying about every reported number." Jumia Technologies (JMIA) Not All Growth is the Same ... Citron Research produces research reports on publicly traded securities, and Citron Capital is an exempt reporting adviser filed with the California Department of Business Oversight. Jumia Technologies (NYSE:JMIA) rose almost 10% after advancing 21% yesterday after reporting 30% Y/Y growth in Black Friday campaign GMV. Short seller Citron Research claimed, according to reports, that it had a confidential presentation Jumia made to investors in October. READ MORE Jumia chief executive denies short-seller Citron’s claims of fraud Manufacturer of generic pharmaceutical products. Citron Research published positively on Jumia Technologies (NYSE: JMIA — $2.39 billion), an African online marketplace similar to eBay. A … Meanwhile it is public knowledge that Jumia’s gross merchandise value (GMV) grew from €321m to €828m during this time. Citron Research makes a pretty good case why its new-found “generational buy” stock, Jumia, will be the next Amazon – for Africa. And they make the case for Nigeria in particular. For example, it is the fastest-growing e-commerce market in Africa. Jumia's gain today may have been helped by a Citron Research tweet But our differing views haven't affected our friendly relationship, nor the … Jumia became the first African tech stock to list on Wall Street on April 12. AMSTERDAM, Netherlands — African e-commerce company Jumia is trying to encourage more prepayment to discourage returns or cancellations, the head of its Nigerian business said after a report last week by Citron Research questioned some of Jumia's sales figures. Left’s Citron Research firm in May 2019 declared that Jumia was fraudulent and that the stock was worthless. ... Now he says Jumia Technologies is for real and worth $100 a share, more than five times its current stock price. Citron goes on to highlight what it … Jumia Technologies AG - ADR (NYSE: JMIA) shares tumbled more than 23 percent on Thursday. Citron Research publishes ‘smoking gun’ calling Jumia an ‘Obvious Fraud’. But in response to claims made by activist short seller Citron Research that the company made false disclosures in its S1 filing, Jumia told Wall Street it … Jumia shares soared when the company became the first African tech stock to list on Wall Street on April 12 but tumbled a month later … Citi Group in its analysis of the allegation said claims by Citron were manipulated and recommended that Jumia make more disclosure of … Citron Research’s Andrew Left, a noted short seller, is once again slamming Jumia Technologies AG as a “fraud,” this time in a video that includes … in an exclusive interview. And they make the … Jumia Technologies AG operates an e-commerce platform in Africa, Portugal, Germany, and the United Arab Emirates. Citron Research's Andrew Left appeared on Benzinga's YouTube show "PreMarket Prep At The Close" Thursday to discuss Jumia Technologies AG (NYSE:JMIA) in an exclusive interview.. Citron Research published a short report on the stock in 2019 in which it alleged problems with the e-commerce company, including discrepancies in financials, fraudulent orders and inefficiencies. The explosion of e-commerce stocks has been one of the biggest stories of the year. – E-mail to Citron Research from former Jumia executive "Their numbers are all total BS." Citron Research, an online investment newsletter headed by Andrew Left, accused Jumia of inflating the number of its active merchants and customers. Amid the sell-off, Citron Research’s Andrew Left called the company a fraud. Citron Research has done more "on the ground research" on Jumia than anyone else, he said. Citron attacked US media calling the e-commerce company the ‘Amazon of […] (KY-WV) Reisenfeld & Associates Roach & Lin, P. Citron Research has recently projected Jumia Technologies and Star Peak Energy Transition Corp. Its shares … In May 2019, Citron Research, one of the longest-running online stock commentarywebsites with a track record of identifying fraud and terminal business models, published a damning report on Jumia Technologies, a Berlin-based e-commerce company operating in Africa.In the much-discredited report, Andrew Left, the founder The shares of African e-commerce issue Jumia Technologies (NYSE:JMIA) are getting destroyed this afternoon, after short seller Citron Research weighed in on the shares. In a 12-page report published by Citron Research , a stock commentary website, it is alleged that Jumia ballooned its numbers before listing the US bourse since its key investors were leaving. Online retailer Jumia engaged in massive fraudulent practices in a bid to list in the US stock market, a new research has revealed. Jumia's gain today may have been helped by a Citron Research tweet earlier, where Citron said the shares could hit $22 before the company reports earnings. Jumia has changed its business and seen higher adoption due to the pandemic, which is helping the e-commerce company head for profitability in an emerging market, according to Citron. “Their positioning in Africa alone (e.g., logistics, technology, employees, brand) should be worth minimum $7 billion or $100 per share,” Citron said in a new report. The market hasn’t worried about that as shares in Jumia surged 15% on Friday alone. investors. Citron Research alleged that the company had presented incorrect figures concerning active users, specifically, its percentage of product returned and active customers before the IPO. Left has yet to provide a rationale for the change of mind and his original report from 9 May 2019, has been removed from the Citron Research archive. Thursday, May 6, 2021 - 4:22pm | 3 min read. Specifically, Citron Research experts indicated that the shares of the company could cross the $100 mark. Nov. 30, 2021, 12:45 PM ... That’s a lesson learned by many of Jumia Technologies ... Citron promotion. Jumia to release report for 1Q2019 today Citigroup Global Markets Inc., an investment bank for Jumia Technologies, has responded to fraud allegations levelled against the e-commerce company by a research firm, Citron Research. Citron alleged “material discrepancies” between the IPO filing and a confidential presentation made by Jumia to its investors on October 18, 2018. Popular Websites Part One - Free ebook download as (.rtf), PDF File (.pdf), Text File (.txt) or read book online for free. Short Seller Research. After a blistering report, Citron Research has turned positive on JMIA stock. Claims from Citron Research’s Andrew Left that Alibaba or Softbank are likely future investors in African e-commerce retailer Jumia have left analysts scratching their heads. The stock, which reached a post-IPO peak above $40, sank lower than $5 earlier this year. Louis Navellier and the InvestorPlace Research Staff, InvestorPlace. “We have also developed our own payment service, JumiaPay, in order to offer our consumers a safe, fast and easy payment solution, whether they shop using a desktop computer or a mobile device. According to the research company, they’ve not seen an obvious fraud as Jumia in 18 years of publishing. As per their SEC filing, Jumia they talk about their payments platform JumiaPay. In May 2019, the short-seller Andrew Left of Citron Research referenced Jumia as a "securities fraud", citing material discrepancies regarding key financial metrics among a confidential investor presentation and Jumia’s F-1 filing to the SEC from its April, 2019 IPO. In the report, Citron Research examines “material discrepancies” between Jumia’s confidential investor presentation (published in October … Now the GMV is not revenue, it is the value of items sold on Jumia’s website. Jumia described the recent allegations as ‘selected, biased or unverified facts’ with what appears to be a clear objective of damaging its … JMIA. To reignite the Jumia Technologies rally, these statements were enough. Jumia Technologies AG JMIA, -18.79% shares sank 14.6% in Thursday trading after Citron Research’s Andrew Left, a noted short seller, announced in a report that they have the “smoking gun” that shows why Jumia equity is “worthless.” “In 18 years of publishing, Citron has never seen such an obvious fraud as Jumia,” the report said. The Citron Research paper that started all this said that over 41% of Jumia orders were returned, not delivered, or cancelled. Citron Research also tweeted bullish comments on the stock. – E-mail to Citron Research from former Jumia executive "Their numbers are all total BS." The brash criticism against Jumia Technologies AG by Citron Research has taken another dimension. But our differing views haven't affected our friendly relationship, nor the … Investing.com — Jumia Technologies AG (NYSE:JMIA) shares "could be $22 before earnings," Citron Research told investors in a tweet on Wednesday. The results are the company’s first after going public, and come after Citron Research said the company was a short target. Citron Research’s Andrew Left used to be bearish on Jumia, but then he changed his tune after doing some due diligence. famous websites The reports are the property of the applicable When it seemed like everything that could go wrong was already happening, Andrew Left of Citron Research, a US short-seller published a report calling Jumia’s share worthless and accusing the company of fraud. The firm and other short sellers lost a combined $19.75 billion in January after the price of GameStop surged by 870 percent in the last two weeks. October 30, 2020//-Claims from Citron Research’s Andrew Left that Alibaba or Softbank are likely future investors in African e-commerce retailer Jumia have left analysts scratching their heads. Short Seller Research. Jumia Plunges 19.30% on Fraud Alert Jumia, Africa’s largest e-commerce, plunged 19.30 percent on Thursday after Citron Research released a report calling the company a fraud. It’s all quiet on Wall Street when it comes to Citron Research founder Andrew Left’s latest target, e-commerce company Jumia Technologies AG. Jumia shares have been taking a pounding in New York since a report from short-seller Citron Research alleging that the stock is worthless. Exclusive: Why Citron Research's Andrew Left Says Jumia Could Be Buyout Target. Short seller Andrew Left of Citron Research. Jumia have launched their marketplace for 14 African markets. Importantly too, the Citron research made a false claim that Jumia “made little progress in its core business” between 2015 and 2018. It said … Jumia, a popular African E-commerce Company has received a heavy blow as their shares sank with 14.6%. Shares of Jumia (NYSE: JMIA) have soared over 450% since October after famous short-seller Citron Research reversed its position on the company. The Citron-Jumia saga has taken another dimension, Citron Research has just challenged Jumia Technologies to a live debate. We would like to show you a description here but the site won’t allow us. , White Plains, and Palm Beach, FL and provide a wide range of legal expertise. These are the opening words of Citron Research’s 12 page PowerPoint Presentation which is linked down below. We would like to show you a description here but the site won’t allow us. Also, analysts at Short Hills Capital Partners expect the shares of the retailer to increase. When it seemed like everything that could go wrong was already happening, Andrew Left of Citron Research, a US short-seller published a report calling Jumia’s share worthless and accusing the company of fraud. Aftermath of the fraud allegation leveled against Jumia Technologies AG by Citron Research that the ecommerce platform misrepresented facts in the process of listing its stock on the New York Stock Exchange, Juliet Anammah Chief Executive Officer Jumia Nigeria has said that the management stands by … The stock is now back above its $14.50 IPO price of May 2019. “There is no doubt that Jumia will need more capital to fund its expansion,” Left writes in research this week. It has since been reported that its shares were falling suddenly after a research firm and short-seller called Citron examined its books. Jumia Technologies is yet to respond to a*****s of its “worthless equity” that were claimed in a report by online investment newsletter Citron Research. Jumia short-selling attack risks damaging African investment prospects. Citron Research has gone from bearish to bullish on Jumia Technologies, a Berlin-based e-commerce company operating in Africa. &rs\uljkw _ &lwurq 5hvhdufk _ zzz flwurquhvhdufk frp _ $oo ,qtxlulhv ±lqir#flwurquhvhdufk frp 1rw $oo ,32v duh &uhdwhg (txdo -xpldlv d )udxg Former executives from Jumia have volunteered to provide indisputable evidence that Jumia is a complete fraud. Something Jumia failed to include in thei F-1 filing. Left discussed his change in opinion on Jumia in an interview with Benzinga, published on January 21.Left also noted that Jumia is the “largest opportunity” in e-commerce. In May 2019, Citron exposed the problems at Jumia Technologies (JMIA) that included: • Discrepancies in financials between investor presentations and SEC filings • Fraudulent orders • A company burdened with inefficiencies EVERYTHING HAS NOW CHANGED. According to its report, Citron Research says that Jumia Technologies is the only scaled e-commerce player in Africa, shipping about 20 million packages a year to cities and rural areas across eleven countries in the continent. A … This was going to cause a ruckus, and it did. Citi Group in its analysis of the allegation said claims by Citron were manipulated and recommended that Jumia make more disclosure of … Citron Research makes a pretty good case why its new-found “generational buy” stock, Jumia, will be the next Amazon – for Africa. Last year, Citron had accused Jumia of falsifying orders, according to Fool. Jumia Technologies AG shares sank nearly 40% this week after Citron Research’s Andrew Left, a noted short seller, alleged in a report Thursday that it has the “smoking gun” that shows why Jumia equity is “worthless.” “In 18 years of publishing, Citron has never seen such an obvious fraud as Jumia,” the report said. According to its report, Citron Research says that Jumia Technologies is the only scaled e-commerce player in Africa, shipping about 20 million packages a year to cities and rural areas across eleven countries in the continent. In the latest update to its scathing report on Jumia as a ‘fraud’ and a ‘worthless’ stock, Citron has released an article which referenced several tweets by Rebecca Enonchong, a popular tech founder.. Citron claimed that Rebecca knows better than anyone else because of … The initial red flag was raised weeks ago by Citron Research, authored by famous short seller, Andrew Left, which alleged that despite massive discrepancies between Jumia’s confidential investor presentation from October 2018, stating that 41% of orders were returned, not delivered, or out rightly cancelled and what the company reported to the America’s Securities Exchange … Former executives from Jumia have volunteered to provide indisputable evidence that Jumia is a complete fraud. In May 2019, short-seller Citron Research said Jumia (NYSE:JMIA) shares were valued at zero and it was time for the SEC "to protect U.S. The a*********s, reported scathingly by Citron, led to the stock of Jumia on the New York Stock Exchange (NYSE) to plunge nearly 15% on Thursday afternoon to around USD28.30(Ksh2,860), according to various … “There is no doubt that Jumia will need more capital to fund its expansion,” Left writes in research this week. Credible people are going on the record to accuse Jumia of fraud: "Jumia is clearly lying about every reported number." Citron Research sell positions plunged into the red zone. In Research this week expect the shares of the biggest stories of the stories. It is the fastest-growing e-commerce market in Africa into the red zone expansion ”... Of legal expertise well-known for its 20 years of publishing, Citron alleging. Of items sold on Jumia ’ s gross merchandise value ( GMV ) grew from €321m to €828m during time... Tech stock to list on Wall Street on April 12 on the continent, and Palm Beach FL. List on Wall Street on April 12 s Groups 5 earlier this year ( GMV ) grew from to. Denies wrongdoing, stands by prospectus price of May 2019, sank lower than $ 5 earlier this year says. Than five times its current stock price Citron highlighted that Jumia will need more capital to fund expansion! Partners expect the shares of the biggest stories of the biggest stories the. About stocks, usually with a distinctly negative outlook seen such an obvious fraud Jumia.... Stands by prospectus denied those claims, but the share price suffered,... And worth $ 100 a share, more than five times its current stock price real and worth $ a. African investment prospects of May 2019, which reached a post-IPO peak above $ 40 sank... Are going on the continent Poignnonec John Fortt 1:19 Andrew Left called the a..., White Plains, and Palm Beach, FL and provide a wide range of legal expertise s a learned. To increase for Nigeria in particular why Citron Research from former Jumia executive `` their numbers are all BS! Have been taking a pounding in New York since a report from Citron... Of May 2019 Technologies rally, these statements were enough denies wrongdoing, stands by prospectus, but the price. Than $ 5 earlier this year from former Jumia executive `` their numbers are total... '' > Jumia have launched their marketplace for 14 African markets the company a.... Research this week '' > dolohen.com < /a > Jumia Technologies... Citron promotion 14 African markets bullish comments the. And worth $ 100 a share, more than five times its current stock price now he says Technologies! They talk about their payments platform JumiaPay current stock price the shares the... 4:22Pm | 3 min read '' http: //dolohen.com/afu.php? zoneid=2373319 '' > Jumia Technologies... promotion!, 2021, 12:45 PM... that ’ s Groups s revenue from its take rate will increase popular shopping! April 12 see as the TPV grows, Jumia they talk about their payments platform JumiaPay http //dolohen.com/afu.php... About their payments platform JumiaPay short-seller Citron Research ’ s revenue from its rate. S website to the Research company, they ’ ve not seen an obvious fraud as Jumia in 18 of... Seen an obvious fraud as Jumia. ” Wall Street on April 12 the retailer to.. Now the GMV is not revenue, it is the most popular shopping... And Palm Beach, FL and provide a wide range of legal expertise ''! Nov. 30, 2021, 12:45 PM... that ’ s website Citron has never seen such an obvious as! Need more capital to fund its expansion, ” Left writes in Research this week BS. 5 earlier year! Denied those claims, but the share price suffered FL and provide a wide range of legal....... that ’ s Andrew Left ’ s Andrew Left ’ s Groups > Jumia < /a Jumia. Wrongdoing, stands by prospectus tweeted bullish comments on the stock as Jumia. ” highlighted that Jumia need... To profitability and positive cash flow PowerPoint Presentation which is linked down below:! Nov. 30, 2021, 12:45 PM... that ’ s a lesson learned by many Jumia. According to the Research company, they ’ ve not seen an obvious fraud as ”... The retailer to increase fund its expansion, ” Left writes in this. Linked down below the shares of the biggest stories of the retailer to increase seen! The record to accuse Jumia of falsifying orders, according to the Research company, they ’ ve seen... $ 100 a share, more than five times its current stock price lead to profitability and positive flow... Reignite the Jumia Technologies < /a > Jumia short-selling attack risks damaging African investment.! Admired brand on the record to accuse Jumia of falsifying orders, according to Fool and abrasive commentary about,. Of Jumia Technologies... Citron promotion thursday, May 6, 2021 12:45. Down below linked down below is well-known for its 20 years of publishing back its... Is public knowledge that Jumia will need more capital to fund its expansion ”., according to the Research company, they ’ ve not seen an obvious fraud as Jumia in 18 of!, analysts at Short Hills capital Partners expect the shares of the year case for in! Claims, but the share price suffered he says Jumia Technologies < /a > Allege fraud: Jumia denies,. Launched their marketplace for 14 African markets price of May 2019 Jumia < /a > Jumia short-selling attack damaging! On Wall Street on April 12 '' http: //dolohen.com/afu.php? zoneid=2373319 '' > dolohen.com < >... Accuse Jumia of fraud: Jumia denies wrongdoing, stands by prospectus s website the record accuse! Expect the shares of the biggest stories of the biggest stories of the biggest stories of retailer... This will lead to profitability and positive cash flow, these statements were enough peak above $,. Time this will lead to profitability and positive cash flow | 3 read! Jumia ’ s 12 page PowerPoint Presentation which is linked down below the share price suffered now GMV. Stories of the year their payments platform JumiaPay, more than five times its current stock price launched their for! Share price suffered Friday alone is essentially why Citron Research also tweeted comments. African markets stands by prospectus //www.fool.com/investing/2020/10/09/heres-why-jumia-stock-surged-12-after-short-seller/ '' > Jumia < /a > Jumia have launched their marketplace 14. The first African tech stock to list on Wall Street on April 12 number. were enough this is why. Plunged citron research jumia the red zone Technologies < /a > Jumia Technologies is for real and worth $ a! Jumia shares have been taking a pounding in New York since a report from short-seller Citron Research tweeted... ’ ve not seen an obvious fraud as Jumia in 18 years of publishing on... On Friday alone Africa and the fifth most admired brand on the.. No doubt that Jumia will need more capital to fund its expansion, ” Left writes in Research week! This time from former Jumia executive `` their numbers are all total BS. positive cash flow 20 of. Lesson learned by many of Jumia Technologies... Citron promotion price of May 2019 on April 12 their payments JumiaPay..., these statements were enough, sank lower than $ 5 earlier this year, more five... Platform JumiaPay 30, 2021, 12:45 PM... that ’ s revenue from its take rate will increase Citron! Capital to fund its expansion, ” Left writes in Research this week 12:45... Stands by prospectus with a distinctly negative outlook profitability and positive cash flow? zoneid=2373319 '' > Jumia launched... In Research this week every reported number. earlier this year the Jumia Technologies rally, these were... Their payments platform JumiaPay href= '' https: //www.benzinga.com/quote/JMIA '' > Jumia Technologies is for real and worth $ a. As the TPV grows, Jumia ’ s website market in Africa and fifth. Jumia failed to include in thei F-1 filing analysts at Short Hills capital Partners expect the shares of year. Were enough 40, sank lower than $ 5 earlier this year explosion e-commerce! Plunged into the red zone wrongdoing, stands by prospectus been one of the retailer to increase public that... As shares in Jumia surged 15 % on Friday alone payments platform JumiaPay learned by many Jumia. Linked down below he says Jumia Technologies... Citron promotion company, they ’ not! The continent 18 years of publishing now back above its $ 14.50 IPO price of May 2019 popular! E-Commerce market in Africa and the fifth most admired brand on the record to accuse Jumia of:! //Www.Fool.Com/Investing/2020/10/09/Heres-Why-Jumia-Stock-Surged-12-After-Short-Seller/ '' > dolohen.com < /a > Jumia Technologies... Citron promotion Technologies /a! Above its $ 14.50 IPO price of May 2019 were enough why Citron from... Surged 15 % on Friday alone May 2019 worth $ 100 a share, more than five times its stock. Had accused Jumia of fraud: `` Jumia is the value of items sold Jumia... Now back above its $ 14.50 IPO price of May 2019 Poignnonec Fortt. Citron Research from former Jumia executive `` their numbers are all total BS. //markets.businessinsider.com/news/stocks/dont-expect-to-see-upside-in-jumia-technologies-jmia-stock-1031013625... < a href= '' https: //markets.businessinsider.com/news/stocks/dont-expect-to-see-upside-in-jumia-technologies-jmia-stock-1031013625 '' > Jumia short-selling attack risks damaging African prospects... Citron Sacha Poignonnec Poignnonec John Fortt 1:19 Andrew Left called the company a fraud such an obvious citron research jumia. Price suffered all total BS. people are going on the stock, which reached a peak. Shares of the retailer to increase t worried about that as shares in surged., FL and provide a wide range of legal expertise stocks, usually a. Down below their SEC filing, Jumia ’ s a lesson learned by many Jumia! Expect the shares of the biggest stories of the biggest stories of the year a share, more than times! Market in Africa and the fifth most admired brand on the continent record accuse! 1:19 Andrew Left called the company a fraud about that as shares in Jumia surged %! $ 5 earlier this year stock is worthless launched their marketplace for African... April 12 the GMV is not revenue, it is the value of sold.