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With BTC edging back up pleased to see alts holding their own in cases. Very promising while the politics is an ongoing nightmare
Why does Atom seem so unloved?
Please can anyone explain the extreme volatility of our ETH based ERC20 NAV holding. This is heart attack extremes between ranges of our NAV zero to $0.5m . could it be an indicator for the trend of our bigger other holdings short term ??
Couple of £10k purchases today, could this be the start of the buybacks?
This is interesting...last 24hrs
Polkadot up
Atom up
Tia up
Lido up
Don't think it's my imagination.
In my personal opinion there is no doubt KR1 is among the top crypto/ digital asset / DLT funds / VC.S if not the number 1 in the business. In the early years. Its prominence did not attract the heat it attracts now & with that heat comes positive & negative attraction . As crypto.is so volatile and dare we say relatively predictable . Short term traders have the scope to manipulate the sp movements .( for some why hodl an stay long when the spread is to there advantage . .I belive the BOD are well aware of why the stock is Undervalued. Its the nature of the beast when the general market becomes bearish the sp.is vulnerable to shorter. etc as its fairly predictable .I assume the recent buy bk is to strengthen long positions
A few years ago. Institutional players were peeping through the spy hole .now they are kicking the door down . And with that penetration comes even more volatility.
The fundamentals of the company's methodology or success has not changed. Only the NAV has changed
People post whatever they choose to.post .doesn't make it right or wrong
Again it's my choice to HODL for the vast majority of my holding . Coz ive been.through several cycles and i belive in the dynamic duo . Follow the sucsessful.players not there fans opinion.
Hope that makes sense
ATB 2 U ALL .
Posts representing both ends of the spectrum in the last few - I would suggest we are somewhere between-
Yes the assets have reduced somewhat since end March, but the discount to NAV is still large. Hence my positivity around the share buyback scheme.
In terms of who would buy - 1 do people think assets are going to rise? General view is there will be a run up this year / next year. 2. The business is sound with staking returns moving sizeable cashflow back to KR1 for buybacks and investments.
Personally I remain a buyer here.
Agreed Albus. It's actually quite remarkable right now there are buyers for this share - (well. one or two) at anything over 60p.
I am sorry your maths is incorrect. The NAV is miles lower at this moment - not a month ago
With a rising NAV, share buyback approved and some great projects, this looks to be very well positioned going forward, maybe a mostly undiscovered bargain?
KR1 Plc - Unaudited Net Asset Value Update (March 2024)
PR Newswire
LONDON, United Kingdom, April 30
Tuesday, 30 April 2024
KR1 plc
(“KR1” or the “Company”)
Unaudited Net Asset Value Update
KR1 plc (KR1:ASE), a leading digital asset investment company, is pleased to announce its unaudited net asset value ("NAV") as at 31 March 2024.
Net Asset Value
£234,219,996
Shares in issue
177,369,520
NAV per share
132.05p
GBP/USD rate (as at 31 March 2024)
1.2637
Income from digital assets (*)
£1,958,252 (*)
Top 10 assets/holdings:
Asset
GBP equivalent
% of portfolio
Celestia ("TIA")
£85,985,612.03
36.71%
Polkadot ("DOT")
£35,430,991.27
15.13%
Lido ("LDO")
£28,156,119.12
12.02%
Cosmos ("ATOM")
£16,979,420.29
7.25%
Lido Staked ETH ("stETH")
£15,358,507.11
6.56%
Astar ("ASTR")
£7,524,232.95
3.21%
Zee Prime II
£6,682,229.86
2.85%
Nexus Mutual ("NXM") (**)
£6,533,773.04
2.79%
Moonbeam ("GLMR")
£6,044,925.70
2.58%
Rocket Pool ("RPL")
£4,787,030.44
2.04%
(*) For the purposes of KR1’s monthly unaudited NAV update, 'Income from digital assets' is defined as the aggregate income from staking rewards and parachain rewards for the relevant monthly period and excludes any other forms of income.
KR1 plc
(“KR1” or the “Company”)
Result of Extraordinary General Meeting
KR1 plc (KR1:ASE), a leading digital asset investment company, is pleased to announce that the resolution authorising KR1 to make market purchases of up to 14.99 per cent. of the Company’s issued ordinary share capital (as set out in the announcement of the Company dated 11 April 2024) was duly passed on a poll at the Extraordinary General Meeting of the Company held today.
If there was any doubts regarding the future of Digital Assets in finance. Then today's developments .Whereupon the world's largest and most influential financial Titan adopts blockchain technology to paves the way forward for its RWA launch
https://allincrypto.com/breaking-news-blackrocks-money-market-fund-tokenization-on-hedera-hbar/
Aint nothing happening here till new US president electehttps://www.lse.co.uk/ShareChat.html?ShareTicker=KR1.PL&share=Kr1-Plc&thread=428A1AAA-6BB7-45E2-AC92-1D3B2131F81E&reply=true#posting-rulesd
Once the buybacks start this will really start to move. There is so little availability of shares that it doesn't take much to move the price. My gut feeling is that most people in here are here for the long haul and just hoover up any that sell. Positive times ahead for sure.
We should rename our ERC20 token - Lazarus24. From zilchzero to + 10000% 200k$ in a week. Doesnt get much more volatile than that
Alts on the turn. Some dead stuff in our pf. Surprised ERC20 has gone completely T---UP from 1 m $ NAV
you can spend years getting hoodwinked and throwing good money after bad .whilst the ceo.s & bod.s spew out utter bull**** in rns after rns to get investors to swallow the lie.s of ,* monetization just around the corner * . but there only success.s are keeping naive investors tied in .
kr1 have always been genuine in there dealings with shareholders & investors . ( i'm not saying they are crystal clear angels .as they have had some dog.s in the pf ) but they are a million miles away from those blatant scammers on aim
if the future of financial trading is defi . then kr1 have a string position
https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.mode.network/&ved=2ahukewixom738c6faxwgw0eahdrlcgqqfnoecbcqaq&sqi=2&usg=aovvaw0_wkzlm8x-otouikewsuts
These Guy.s are Top Draw . Not only 15% targeted buy back for 2024 .
But
Another half a million + $ thrown into another investment
https://www.investegate.co.uk/announcement/prn/kr1-plc--kr1/investment-mode-network/8147921
Agree. Been keeping an eye on Tia. This back over 11$ today - this is a good sign
If Bitcoin goes over 70K after halving most other coins will follow including KR1 investments.
Combine this with share buybacks we should be back over 100.
Who announces this? Could the shake be over. Good time to buy?
If they are held in treasury will that make much difference to the share price?
29th April Buy back vote of up to 14.99% of issued share capital in 1 year with potential to renew at each AGM.
Under 80p buy long stay happy
GLA
Hey lads, could someone share the link to the Telegram chat please?