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Think most should get good returns here now
Sipp is around 5p (average down) my isa I have bought from 50p plus all the way down but averaged down alot / nearly all in as believed in the rto. Average around 1.4p
Non-ISA is a touch under 10, but ISA is circa 50.
Average around 25-27, can't quite remember. At the low I was more than 98% down and too exposed to small caps to risk any additional investment. In January I was just waiting for the new tax year to write off my loss for this year and cover provider fees for a few quarters, so anything above current level I will see as a return on nothing.
Good luck to those that had a go before the suspension though
What's your average Croc?
Surely, it is the crypto licence that is the carrot for Redwood's involvement?
The range of sensible guesses suggest it really is anyone's guess where this could open at on news.
Being heavily underwater I will just be optimistic on clawing back some of my current big loss, something that was looking very unlikely over this past year or so.
gla
The crypto licensee if used will be MASSIVE for Redwood Bank
It would be nice to hear what's going on. The silence is deafening!
What price could you put on there cryptocurrency license now ? ££££££££££££££££££££££££££££££££££££££
Will be exciting we should get RNS soon with a update of plans for the future
Let's all hope it relist for at least 20 pence that it would be a good starting point but depending on what there intentions our,anything mentioned about cryptocurrency bitcoins with there license this could be anything and if it's a big positive come relisting day there be a vary strong demand to get on here my opion,vary excited
Personally I think 20p
I have tried to research this but can't find much, RTO process Yes, but recommencing of trading No. It appears to me that once the RTO is completed in the background trading can begin. RNSes can be released at anytime as we know. Happy to be corrected on this. Either way I happy.
Gla
Cant just start trading again without no warning, as will need to complete RTO before it can trade again, so will have funding RNS etc first ?
2.25. It will just start trading again with no warning.
What's the general opinion on open price..I know there isn't much to go on but what's the gut feel ?
Well timed also. Rto and crypto about to explode again. Just release a update on the rto and mention crypto license:)
My previous post just another good indication why redwood bank is were it is at the right time right place with its cryptocurrency license,love to be a fly on the wall in Johnathan board room right now listening in how there going to apply and incorporate there cryptocurrency license into there banking practice?? Still say anyone who got in at the current suspended price vary vary lucky gamble and must be extremely excited here,for longer term holders who are currently well down I do think your recover your loses pretty quick hope you all do, we all will do well here it's been a painful hold but things are about to change in a vary positive way good luck all we will find out soon
Bitcoin hit 17 month highs on Tues morning following one of the best Monday's on record as the markets digested a double whammy of positive information emerging from Grayscale and the world's largest asset manager BlackRock
Grayscale bitcoin trust notched up another victory in it's long running dispute with the US securities and exchange commission with DC court of appeals directing the regulators to revisit its earlier denial of Grayscales bid to evolve bitcoin closed ended trust into an exchange traded fund.
Such a pivotal listing would pave the way for bitcoin's trading on mainstream exchanges potentially ushering in a wave of institutional capital into the cryptocurrency realm
Boring waiting
Someone posted the below 2 years ago when we were 70p.. talk of £1.2 .... oh how I wish
: Cash flow21 Feb 2021 08:41
I prefer a loan. They have links to Redwood Bank and their BTC treasury reserve is well up so they can use that as collateral. Revenue, despite reports could be low. 60,000 users with 2,000 a day trading £20 a time is small. Growth rates in trading volume of 110% per month means that by in December 2021 i am anticipating £3 million to £6 million in revenue per month just from BTC trades alone. Very good gross margins too. The first 9 months of this year will see low revenues but any fundraise that you have suggested will be low.
People might be disappointed in the H1 results 2021. This is because of the ramping and the 60,000 users base for predicted growth in January. If 110% growth per month is sustained or close to it we are sitting pretty at year end.
£1.20 - March.
To right the buisness model works with what it has on the books already,then add on top new buisness with latest blockchain digital fintech technology this bank has already with its license for cryptocurrency this will be ahead of other financial institutions,I think most will agree everything is going digital so cryptocurrency is here to stay and could possibly overtake sterling at some point 20 or 30 years from now my opion.I wouldn't be surprised if this doesnt leep frog Lloyds share price but coming out of suspension anything under 20p would be a steal
The business model works
Think this will be rather exciting 😀 would just like a little update on times etc
"The Bank has outperformed any reasonable expectations under market extreme conditions, and in four years achieved profitability, unlike a number of other Challenger Banks.”
Seems a new page added on redwood bank website “Warrington”…? I know an office there but strange to add a page like that
https://redwoodbank.co.uk/warrington/
Monday, 25 July 2022
Since its inception in 2017, the Bank has loaned more than £140 million to people and properties based in Warrington and the North West, representing approximately 28 per cent of Redwood Bank’s lending. This compares to an industry average of 10 per cent – underlining the Bank’s commitment to its roots.