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Kusama trade through $500 this evening…
That describes my position. Also with this being a crypto play and the SP not moving with the market, even at a discount, the opportunity cost is starting to weigh on my mind.
The new website looks amazing, as does the track record, so it can they now give some thought as to how the SP can reflect the NAV and revenue?
Better investor relations (more interviews / pr) and increased market liquidity (eg. Nasdaq listing) would be a good start.
No more chunky delayed trades, might mean that sellers are done leaving us set for a rise. I do worry though that alot of the long term holders are already overweight in KR1 so not willing to add substantially more. We need FTI to pull their fingers out and spread the word!
now DOT at ATH and KR1 still ~165p
Luckily for me ICG Enterprise Trust has moved from £11.66 to £12.90 (on no news) since i started this thread on 23rd Oct.
KR1 what are you waiting for....
Staking has a tie-in period I believe. So assets are maybe not a liquid as holding crypto but more liquid than many traditional business', agreed.
KR1 already has a large market cap which could potentially grow exponentially taking it past many FTSE 250 members if altseasons kicks off, whilst its assets are so liquid and large in value that its rapidly changing NAV really ought to be reflected in the SP. It's high time KR1 listed on the LSE IMO and imagine it would track NAV very closely if it did. As it is, there appears to be an arbitrage opportunity for investors that want to take the risk, which should work significantly in our favour if altseason kicks off or an up-list occur. GLA
Agree totally Botski. However, if the BOD doesn't show the appropriate level of respect to shareholders, the SP and the equity markets they run the risk a hostile predator may just crash the party and put an end to their little crypto crusade. I imagine it would be a very easy liquidation given the assets are so liquid, so the £90M gap between assets and current market cap looks insane.
Buying 50% of the shares in issue would drive the share price up way above 229p though.
I agree Phoebus.
I have 229.2588p...
I calculate NAV of trading crypto assets plus book value of other investments to be hovering around 229p this morning, 40% above mid price! Surely someone could just but the company, liquidate the assets in a few clicks and make a 40% gain.
I was considering buying a renewable energy stock yesterday on AIM. It's a hot sector. Then I looked at their revenue and earnings and it's 1.5m. This will go up in future but it will be dwarfed by what KR1 are making. Aquis or not they are raking in profits like no other stock. This will be recognised at some point soon.
Taking this stock into prospective.Trading at a discount or a premium is irrelevant to the factual macro movements currently materialising . At some point last 24hours .DOT went up $ 10 . To h as TS as mind bending $35 million to the kr1 nav . Solely from DC it inching up . In to he Months and years to come taking into account the phenomenal. Organic growth from to he whole polkadot world .$ 35 m in a day will be the norm. Growth . The share price is dwarfed by the astronomical potential of an ever expanding nav . Just buy a ticket and jump on the KR1 bandwagon that has no equal
Thanks for the updated GBP portfolio link. I also found a USD portfolio via another US forum (for KROEF) - https://cointracking.info/portfolio/KR1ListedHoldings
Had a quick check and there are minor differences. GBP listed portfolio has DIVER and EQM where the USD one doesn't. The USD one includes BZZ which is missing from the GBP list. There are also some differences in numbers of tokens - The main value impact is in ETH where the USD portfolio shows 1531 more. Overall both are indicative and could be of use.
Knew*
Thanks! New there was a more up-to-date one somewhere!
This may be a little more up to date:
https://cointracking.info/portfolio/kr1
currently c. £290m
Based on the cointracking portfolio (link here: https://cointracking.info/portfolio/8699e611339066a72040, which is admittedly a little out of date and doesn't have all assets on there, and also doesn't include staking revenue), I thought I'd have a look at the share price vs NAV in the last 3 months.
3 months ago on 29/7/21:
NAV: £104m
Share price: 132.50p
Now: £264m
Share price: 151.5p
So in short, NAV up 152% in that time and share price up 14% although there was a small bit of dilution too. Even with the 6% dilution, who are the people selling their shares at these prices?
My top up from earlier this afternoon not showing yet. The lack of KR1 PR around the parachains is painful. Total silence around the biggest inflection point the company is going to have for a while (possibly ever). What on earth are FTI up to. They've added precisely zero value.
Lack of comms, it was never their intent to please the shareholders. But they let the deals do the talking.
It's painful to just trust the NAV. But we have to.
Moreover ADVFN is showing the 9 last trades as all buys and I believe it is accurate. Potty SP action.
Agreed. NAV soaring and SP is down. Is this a joke?
i'm expecting re-rate here soon with DOT pumping with parachain auctions this month and December. Alt coins should pump hard over the next few months. Exciting times ahead
Not necessarily a bad thing for people to be making money directly in sh*t coins. The profits have a tendency to make their way back here. We've traded over NAV in the past, so trading under NAV for a bit isn't the end of the world. That said it is astonishing that there are sellers around with KR1 poised to invest up to $150M in parachain auctions. If KSM is anything to go by there are going to be some serious returns on these investments (between 5x and 15x or more). Just in case anyone can't do maths 15 x $150 Million is a F**k load!! Good weekend everyone!
As of 12 noon - the current NAV is
$393.182m
£284.88m
Matt, ignore the NAV in the interims. It was only correct at that moment in time and is effectively the value of their crypto portfolio which fluctuates rapidly. Unfortunately June coincided with a major low across the sector so the interim figure gives completely the wrong impression.