Professional Special Situation Investor, TripleS Special Situation Investing

Triple S Special Situations Investing

Professional Special Situation Investor

TripleS Special Situation Investing

Professional Special Situation Investor with over 20 years of experience.

Equity Bottom-Up

<ul><li>TLDR: Jumia trades at ~$6 and I own the January 2028 $7/$15 call spread for $1.15, which pays around 7:1 if this company finally stops burning cash.</li><li>The last time the stock traded in the mid-teens was in January.</li><li>Sara’s Soapbox (skip if you don’t want my unsolicited advice) So, let’s start with some disclaimers.</li></ul>

TLDR: Jumia trades at ~$6 and I own the January 2028 $7/$15 call spread for $1.15, which pays around 7:1 if this company finally stops burning cash.The last time the stock traded in the mid-teens was in January.Sara’s Soapbox (skip if you don’t want my unsolicited advice) So, let’s start with some disclaimers.

Smartkarma AI Primers, Smartkarma

αSK Primers

Smartkarma AI Primers

Smartkarma

Smartkarma unites the fragmented investment industry, connecting institutional investors, independent research providers, and corporates within a single network.

Research Reinvented

<ul>
 <li>Jumia is aggressively pursuing a strategic pivot from a growth-at-all-costs model to one focused on profitability, evidenced by significant reductions in operating losses and cash burn. The company is targeting breakeven on an Adjusted EBITDA basis in the fourth quarter of 2026 and full-year profitability in 2027.</li>
 <li>The company operates in the high-growth, underpenetrated African e-commerce market, which is benefiting from structural tailwinds including rising internet and smartphone adoption, a growing young and tech-savvy population, and the expansion of digital payment solutions.</li>
 <li>Significant risks persist, including a history of unprofitability, intense competition from local and international players, and substantial macroeconomic and logistical challenges inherent to operating across multiple diverse African markets.</li>
</ul>This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.


  Jumia is aggressively pursuing a strategic pivot from a growth-at-all-costs model to one focused on profitability, evidenced by significant reductions in operating losses and cash burn. The company is targeting breakeven on an Adjusted EBITDA basis in the fourth quarter of 2026 and full-year profitability in 2027.
  The company operates in the high-growth, underpenetrated African e-commerce market, which is benefiting from structural tailwinds including rising internet and smartphone adoption, a growing young and tech-savvy population, and the expansion of digital payment solutions.
  Significant risks persist, including a history of unprofitability, intense competition from local and international players, and substantial macroeconomic and logistical challenges inherent to operating across multiple diverse African markets.
This content is AI-generated and displayed for general informational purposes only. Please verify independently before use.

Primer: Jumia Technologies AG (JMIA US) - Aug 2026

Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<ul>
<li>We remain bullish since our 4/22/25 Compass, and we will maintain our bullish outlook as long as market dynamics remain healthy and the S&amp;P 500 (SPX) is above 6028-6059.</li>
<li>Short-Term supports on SPX include 6400-6410, 6340-6360, 6200, 6100-6150, and 6028-6059.</li>
<li>Various prior leadership areas from the April lows appear ready to continue higher following 1+ month consolidations. IGV, PLTR, APP, SOUN, RZLV, SHOP, FROG, U, CDNS, RDDT, JMIA, RR, Z,HIMS,MU,GRAL</li>
</ul>


We remain bullish since our 4/22/25 Compass, and we will maintain our bullish outlook as long as market dynamics remain healthy and the S&amp;P 500 (SPX) is above 6028-6059.
Short-Term supports on SPX include 6400-6410, 6340-6360, 6200, 6100-6150, and 6028-6059.
Various prior leadership areas from the April lows appear ready to continue higher following 1+ month consolidations. IGV, PLTR, APP, SOUN, RZLV, SHOP, FROG, U, CDNS, RDDT, JMIA, RR, Z,HIMS,MU,GRAL


Downgrading Utilities to Market Weight; Bullish Outlook Intact; Prior Leadership to Shine?

<ul><li>Let’s start with our favorite country in Asia. JOYY operates livestreaming platforms and advertising technology and has been a historically profitable company.</li><li>The company has a $3.6 Billion market cap with close to $2 billion/year of revenue.</li><li>JOYY is sitting on $3.3 billion in net cash as of Q3 2025. That’s not a typo.</li></ul>

Let’s start with our favorite country in Asia. JOYY operates livestreaming platforms and advertising technology and has been a historically profitable company.The company has a $3.6 Billion market cap with close to $2 billion/year of revenue.JOYY is sitting on $3.3 billion in net cash as of Q3 2025. That’s not a typo.

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<ul>
<li>Jumia, dubbed the "Amazon of Africa," had a highly anticipated IPO in April 2019 but has not met expectations since listing</li>
<li>The company aimed to revolutionize e-commerce in Africa but has faced challenges in profitability and implementing Western business models</li>
<li>Despite initial hype and investments from blue chip firms, Jumia's struggles serve as a cautionary tale about transposing Western ideas onto the African continent</li>
</ul>
This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.


Jumia, dubbed the "Amazon of Africa," had a highly anticipated IPO in April 2019 but has not met expectations since listing
The company aimed to revolutionize e-commerce in Africa but has faced challenges in profitability and implementing Western business models
Despite initial hype and investments from blue chip firms, Jumia's struggles serve as a cautionary tale about transposing Western ideas onto the African continent

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Is there a future for the ‘Amazon of Africa’?

Germany

Jumia Technologies AG provides e-commerce services. The Company offers on-line products as well as delivery of packages to the consumers. Jumia Technologies serves customers in Germany and Africa.

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Jumia Technologies AG (JMIA US)

Jumia | Aug 18, 2026

Jumia trades at ~$6 and I own the January 2028 $7/$15 call spread for $1.15, which pays around 7:1 if this company finally stops burning cash.

Triple S Special Situations Investing

Primer: Jumia Technologies AG (JMIA US) - Aug 2026

Jumia is aggressively pursuing a strategic pivot from a growth-at-all-costs model to one focused on profitability, evidenced by significant...

αSK Primers

Downgrading Utilities to Market Weight; Bullish Outlook Intact; Prior Leadership to Shine?

Downgrading Utilities $XLU to Market Weight; Bullish Outlook Intact; Time for Prior Leadership to Shine? $IGV $PLTR $APP $SOUN $RZLV $SHOP $FROG $U...

Vermilion Research

Degen Stock Special

Let’s start with our favorite country in Asia. JOYY operates livestreaming platforms and advertising technology and has been a historically...

Triple S Special Situations Investing

Is there a future for the ‘Amazon of Africa’?

Jumia, dubbed the "Amazon of Africa," had a highly anticipated IPO in April 2019 but has not met expectations since listing The company aimed to...

Behind the Money

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