Rocket Internet is a German company I know little about:
- It’s listed in XETRA (DAX) or the German stock exchange
- It operates ZALORA in the Philippines and is one of the top online shopping sites that keeps Henry Sy and the rest of the traditional retailers up at night.
- How it operates, with true German characteristic of success: Thoroughness.
Rocket Internet is not an investor, they are builders. How do SWAG fits in? Let’s look at the stock data
|TYPE OF SHARES||ORDINARY BEARER SHARES WITH NO PAR VALUE (STÜCKAKTIEN)|
|STOCK EXCHANGE||FRANKFURT STOCK EXCHANGE|
|MARKET SEGMENT||NON-REGULATED MARKET (ENTRY STANDARD)|
|FIRST DAY OF TRADING||2 OCTOBER 2014|
|ISSUE PRICE||EUR 42.50|
|ISSUED SHARE CAPITAL||EUR 165,140,790|
As of this writing RKET’s free float is 21.5% of the outstanding shares, $TEL is holding 6.1%, The imminent SWAG signals has spoken.
The SMA(20) and EMA(13) impending cross is on the horizon, we already entered at 20,20EUR and accumulation is in progress. The nice thing about the German market is it operates with clockwork precision.