The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
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OK . Checking our sites Portfolio statement that is obviously updated and shows many more of our former projects now "exited" I concede that we no longer hold BTC and Cointracker has finally adjusted to that and may not at any time be updated accurately
From the previous annual reports, it looks like they sold the last 15 BTC in 2021.
Who administers the cointracking company v who produces the annual report. If in doubt I would defer to the annual report as we know this is produced by the company. For perspective BTC holding you mention is considerably less than 1% of KR1NAV so I am not going to get vexated either way on this one.
Not true I am sorry - it has been recorded and confirmed as an asset in the last few years and been listed on Cointracked recently at total nearly $1m in value. Its just gone to NIL in the last 2 days
There is a great list of all the current major investments in the annual report https://wp-kr1-2021.s3.eu-west-2.amazonaws.com/media/2024/05/KR1_Annual_Report_FY23_final_for_Website.pdf (page.44)
It also lists the costs of these investments.
The cointracking does seem up to date https://cointracking.info/portfolio/kr1
I think they sold it a few years ago. Has been showing as fully exited on their website for a long time now https://kr1.io/investments/
KR1 plc announces that on 21 May 2024, it purchased the Company's ordinary shares of 0.19p each ("Ordinary Shares") on the Aquis Stock Exchange through the Company's broker to the buyback, Singer Capital Markets Securities Limited, as per below.
Exchange Venue: Aquis Stock Exchange
Number of Ordinary Shares purchased: 118,000
Highest price paid (per Ordinary Share): 83.924p
Lowest price paid (per Ordinary Share): 83.50p
Please does anyone know why our BTC holding is now zero according to cointracker NAV ?
Have we sold this today. Cointracker has us now at holding NIL ??
Has been updated by Cointracker into our NAV - now standing at No 8 in our table (but better than Man U I hope)
Up we go?
KR1 plc announces that on 20 May 2024, it purchased the Company's ordinary shares of 0.19p each ("Ordinary Shares") on the Aquis Stock Exchange through the Company's broker to the buyback, Singer Capital Markets Securities Limited, as per below.
Exchange Venue: Aquis Stock Exchange
Number of Ordinary Shares purchased: 155,000
Highest price paid (per Ordinary Share): 81.9165
Lowest price paid (per Ordinary Share): 81.00
Volume weighted average price paid (per Ordinary Share): 81.5652p
Pushing on to get a main market listing and more awareness would certainly help, not overly sure what can be achieved with a buyback given the limited capital available.
17/05/2024 5:06pm
UK Regulatory
KR1 (AQSE:KR1)
Intraday Stock Chart
Friday 17 May 2024
Click Here for more KR1 Charts.
KR1 Plc - Ordinary Share Buyback: Transaction in Own Shares
PR Newswire
LONDON, United Kingdom, May 17
Friday, 17 May 2024
KR1 plc
("KR1" or the "Company")
Ordinary Share Buyback: Transaction in Own Shares
KR1 plc announces that on 17 May 2024, it purchased the Company's ordinary shares of 0.19p each ("Ordinary Shares") on the Aquis Stock Exchange through the Company's broker to the buyback, Singer Capital Markets Securities Limited, as per below.
Exchange Venue: Aquis Stock Exchange
Number of Ordinary Shares purchased: 75,000
Highest price paid (per Ordinary Share): 81.00p
Lowest price paid (per Ordinary Share): 81.00p
Volume weighted average price paid (per Ordinary Share): 81.00p
Share buybacks are likely to be fairly minimal in my view. The cash balance at Dec 31 '23 was just shy of 1.4m. Most of the income generated is from staking with the rewards being in the underlying token. The only cash generating activity is from asset sales. Most of the assets are being held for the long term. Any spare cash is being used to fund purchases such as the $550k for MODE (congrats to the 2 guys). So I don't expect any significant support from buy backs.
KR1 is a medium to long term play. I'm happy to see it unfold in the coming years.
And will soon be back in the 90's - strong move north with BTC up and Tia will lead the way - with also Mode coming in to add
16 May 2024
KR1 plc
("KR1" or the "Company")
Ordinary Share Buyback: Transaction in Own Shares
KR1 plc announces that, on 15 May 2024, it purchased ordinary shares of 0.19p each in the Company ("Ordinary Shares") on the Aquis Stock Exchange through the Company's broker to the buyback, Singer Capital Markets Securities Limited, as set out below.
Exchange Venue: Aquis Stock Exchange
Number of Ordinary Shares purchased: 15,000
Highest price paid (per Ordinary Share): 79p
Lowest price paid (per Ordinary Share): 74.65p
Volume weighted average price paid (per Ordinary Share): 76.1p
The Ordinary Shares purchased will be held in Treasury and the purchases form part of the Company's share buyback program as announced on 15 May 2024.
Following the settlement of the above purchases, the Company will have 177,369,520 Ordinary Shares in issue, of which 15,000 Ordinary Shares are held in treasury. Therefore, the total number of Ordinary Shares carrying voting rights will be 177,354,520.
The number of 177,354,520 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.
Whoever has been stomping all over the company's share price fortunes this last 5 months or so .I hope the BOD.S latest initiative has given food for thought and helped them.on to pastures greener to churn & offload into any positive sp movements
This BOD have to be applauded for the steadfast dedication to the UK Digital Asset space and the integrity upheld undertaking business practices . Some times it can't be easy to maintain a * long only * stance in the face of huge volatility ( mind you i still wish they would dedicate a % of the pf to take advantage of short term multi baggers not held on a long basis )
KR1 is fast becoming the conglomerate LTH.s always believed it would morph into one day . The Dynamic duo have proved without doubt they have testicales of steel in an industry full of * get rich quick merchants on the back of gullable retail investors * and the ethics to hold there heads high
Hopefully the seller will realise they are just providing liquidity for the buybacks and maybe stop?
8 bagger already. Buybacks can start today as well. What’s not to like?
So a theoretical $4.6m value at this mornings MODE price x 125,000,000 tokens. Not shabby for this stage.
KR1 plc (KR1:ASE), a leading digital asset investment company, is pleased to provide an update on the Company’s investment into Mode Network.
Following the recent launch of Mode’s mainnet token (“MODE”) and the Company’s exercise of token warrants relating to the investments in Mode’s seed and strategic round, as per the Company’s announcement on 19 April 2024, the Company is due to receive an aggregate total of 125,000,000 MODE, subject to a lockup and vesting schedule. After an initial lock of approximately twelve months from today, the Company expects its MODE tokens to be distributed in equal tranches on a monthly basis over the period between twelve to thirty-six months after Mode’s mainnet token launch.
Profit equal to it's market cap?!