WeShop outlook: WeCap ‘standing by’ for its investment to pay off
WeCap PLC management say that its investment in WeShop is expected to pay dividends. With a market capitalisation of just £5mln, the Aquis listed stock has already raised money valuing WeShop the business at more than £20mln.
WeShop, described by the company as the ‘ultimate shopping platform’ and ‘the world’s first shoppable social network’ is using a unique approach whereby users are rewarded in shares in the business. John Taylor, executive director at WeCap and John Garner, director at WeShop, explain the strategy enabling a mechanism whereby those shares eventually become tradeable. A plan that, they say, will work against shareholder returns for investors in WeCap PLC. frontline shareholders in WeCap.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
Take a position on indices
Deal on the world’s major stock indices today.
- Trade the lowest Wall Street spreads on the market
- 1-point spread on the FTSE 100 and Germany 40
- The only provider to offer 24-hour pricing
Live prices on most popular markets
- Forex
- Shares
- Indices
