The next focusIR Investor Webinar takes places on 14th May with guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Cheers LongInvestor, it makes sense. I wish I could pay my bills the same way! ATB
600fud
@600Thieves "Maybe I'm not reading this correctly but NASDAQ seems to be saying we are 1,125,000 'Shares Over Allotted'. Is this the same as oversubscribed or is it the shares given in lieu of the fees?"
They are the additional ADSs the underwriters can sell, on top of the 7.5mln.
I'd say "we will be well past £3 by the end of November" is more likely than £10/or £15 by the end of December 2021. What's the betting I'm going to be classified as FUD now?
Maybe I'm not reading this correctly but NASDAQ seems to be saying we are 1,125,000 'Shares Over Allotted'. Is this the same as oversubscribed or is it the shares given in lieu of the fees?
Second question, when an II bids, do they have to pay up and then wait and see what they are allowed?
https://www.nasdaq.com/market-activity/ipos/overview?dealId=1144401-98970
Completely agree and have mentioned the same before. The UK is a rat infested luddite backwater when it comes to crypto (and a lot of other fields of innovation actually) and ARB would be better of going fully stateside and not being associated in way, shape or form with the City (which has done them absolutely no favours whatsoever and in actuality has only served to inflict suppression, manipulation and damage).
Precisely Sir.
Action: "What sort of timeframe would you consider on that."
It's pure speculation...i.e. it has a decent probability of being total ******.
I would be prepared to bet that the Nasdaq listing evolves into the primary listing though. This is the first step. Look at the spread on ARB, it's pathetic. I do not believe for one second that it's due to liquidity. There's ample liquidity here. Spreads of 10p for a share of this value are reminiscent of Pink Sheet stocks in the US. Remember when Jordan Belfort got 50% commission for selling Pink Sheet stocks in The Wolf of Wall Street? It's not too far away from that.
Now that there's a bouyant market for crypto mining stocks, my prediction (based on tea leaves, gut feeling and an educated guess) is that within a year we'll see a native Nasdaq listing and that will become the primary listing. Don't get me wrong, I'm very positive about ARB and the IPO, but ADR's are nowhere near as popular as a USD-denominated stock. I guess they had to go by this route for expediency.
@chimers
"the-chuz, it's only my own view, but i think we will be well past £3 by the end of November"
If we are I will as happy as a pig in sh** :)
I'm not international tax expert but wonder if there are advantages to have dual listings, ~ large blue chip companies have parts of their businesses registered in different counties to take advantage of corporation tax concessions, does that also apply to dual listings I muse
More spread tha lurpak
@canetoad..
Thats a new theory I had not considered, the idea of ARB looking ot only have a NASDAQ listing and to get rid of the LSE listing down the road. What sort of timeframe would you consider on that. I can see advantages to it, especially given the Texas investment. Note none of the Canadian miners have gone that route . They all have dual Canadian and US listings .
It is always difficult and tiresome to see this SP rise.
I thought we would be at least 160 by now.
CaneToad
“ Having a UK listing is just extra costs, with no benefit.”
I wouldn’t argue with that, but I have no say anyway. I put that in the drawer next to discussions on share consolidations. They’re not something I have to think about. My little brain has enough to cope with.
(9:56)…. 100% agree, sooner the better for us all!
Only WINS left on the ask, then 1.60.
I wouldn’t be taking anyone’s supposed personal opinion on any bb, as a guide to buying or selling. Never listen to trolls OR rampers.
the-chuz, it's only my own view, but i think we will be well past £3 by the end of November
@K3VMC: "No way should ARB be a market maker stock, but Nasdaq entry will reduce their influence."
As I've mentioned a few times, the end-point is for a 'native' NASDAQ listing and de-listing from the LSE. It's abundantly clear that the UK cannot support a company like this. There's very limited appetite for it. It's partly the attitude of UK investors. Give it a year or two and I suspect it's going to be gone from the UK. Why would they keep a listing here now, that all the business is in North America? UK investors can easily buy US/Canadian shares already. Having a UK listing is just extra costs, with no benefit.
Muscles12
Sit back relax and watch this blossom.
£10/£15 sounds unreasonable to yourself however when bitcoin has its parabolic move up ARB will fly with it. Would you have predicted we would reach £3 like we did when we was at 4p??
No I didn't think so either.
GLA
MM80 ARB-£5
@chimers
"Muscles12, do the maths, if we had 3000 BTC and there value was 100,000 what would that give you?
£10 not unreasonable."
Its a nice thought but I think we should probably concentrate more on the £3 range. It's a good dream though and would lead to there being a lot of retired board members and more argo millionaires.. Not that most would have the bottle to hold that long (I wouldn't).
Muscles12, do the maths, if we had 3000 BTC and there value was 100,000 what would that give you?
£10 not unreasonable.
You're welcome. I'm fully aware that some may not concur with such a prediction but then we have to remember that having been subject to manipulated suppression for so long, we're starting from a low floor relative to the predictive price and therefore expectations are reflectively low too. Were it to be that we were already at circa say £5.00, then a double or treble from that, given all the positives and explosive nature of crypto, would not seem out of the question at all.
It didn’t open on 150, it was 155 on a spread of 150/160. If there had been buyers at the US price then it would have narrowed that way but there sellers so it narrowed to the lower end
Blonity posted - https://twitter.com/thinklikeawhale/status/1438073224668094465
SkyMonkey
“ Not manipulation. Day traders and sellers. Lots of large sells this morning.”
The spread is made by Market Makers, so it is manipulated, by definition. They can put the spread up or down, narrow or wide, to suit what they want to do. Today, they need stock, so we open up and attract sellers. They have some stock now, so they will have a balancing act, to release some for sale, but trying to stop this morning’s sellers from buying back more cheaply.
No way should ARB be a market maker stock, but Nasdaq entry will reduce their influence.