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appreciate the feedback sharcus - sadly if that's the only institutional investor, then they own less than me in this company!!!
Monecor placings have caught me out on other shares in the past - I always thought they were a single entity that funded placings, but then I discovered that sometimes actually the shares end up with lots of PI's.
It still surprises me but I accept your findings, looks like most shares are out there with us little guys...
Warrants always excluded. Couldn't find any recent TR1s but will keep looking Bennster but so far I've got this:
https://www.morningstar.com/stocks/xlon/obc/ownership
Interesting stuff sharcus. I wonder how they judge "free float"?
Do they go on shares issued via AIM and not in treasury, or use a metric that includes all shares owned by directors?
I thought that most of OBC is owned by the Chambers clan or by an institutional investor - the 5M Monecor shares that were placed in Jan/Feb or under warrants in 2021 to start with. They also provided placing services in 2020. It may be that these shares are with PI's rather than with one institutional investor?
https://markets.ft.com/data/equities/tearsheet/summary?s=OBC:LSE
@ Bennster (09.03.2022) Free Float's 70%+ still. I know, I wasn't expecting to see that either. Hence the SP recovery seems to be driven by AFN, bridges, Russia being forced out of fiat and into blockchain, etc as opposed to mms struggling with scarcity of shares.
OK - I think I could understand that duplicated ramble....
In the mean time, this is a startup AIM project and whilst the RNS look a bit like Bill and Ted wrote it in the garage, the upshot is that they have 2 years operating costs in cash balance and no liabilites. No placing needed yet.
The revenue is tiny, but it doesn't include the dividend inflow from AFN -remember OBC own 17% of that, which covers most of the market cap of OBC.
The value here is also in the value of cryptocurrency held - Eth and UMBR. You won't see the balance sheet until year end and that will be where the net book value shows through of both this and the AFN share.
In the mean time whether you believe that the Narni bridge will start generating further revenues, or indeed any of the other projects, is your call as an investor.
The end th this morning is hilarious. No product on 3 years, no revenues no reporting of costs and not profit and loss or balance sheet, this is a AIM, share at its worst, and then the cheery on the cake, they report ADVN results in some way to divert your attention to their revenues which are some how are OBC's... what percentage does OBC own the answer is not a material amount, market cap here is £5 mill, this company is insolvent and a placing is now overdue, it's cell's retirement funded out of mug punters
The end th this morning is hilarious. No product on 3 years, no revenues no reporting of costs and not profit and loss or balance sheet, this is a AIM, share at its worst, and then the cheery on the cake, they report ADVN results in some way to divert your attention to their revenues which are some how are OBC's... what percentage does OBC own the answer is not a material amount, market cap here is £5 mill, this company is insolvent and a placing is now overdue, it's cell's retirement funded out of mug punters
https://finance.yahoo.com/news/umbria-network-onboards-more-communities-130000337.html
Should be a Half Year report out this Month.
https://twitter.com/networkumbria/status/1503352412760858632?s=21
And another partner.
https://twitter.com/networkumbria/status/1502279319061684225?s=21
Another partnership.
https://etherscan.io/txs?a=0x4103c267Fba03A1Df4fe84Bc28092d629Fa3f422
Over 80,000 transactions on the bridge.
Annoyed I missed the top-up chance yesterday at bargain prices.
Crypto on the up today, eth and umbr up 6%.
and here we go with a whopping £17k of purchases drives a 16% rise in price. The 13% drop was on a net £6k of sells.
All you can conclude from this activity is that the free float is tiny here - the smallest sell or buy moves this SP like crazy.
Isn't OBC one of the strongest listed crypto plays here? How on earth can it tank a whopping 13% in one day when the Russians are actively considering the likes of bitcoin as their preferred trading currency of exports/imports?
https://twitter.com/cynthia_stnkmp/status/1499430602470211586?s=21
NFT’s and bridging with Umbria.
https://twitter.com/deadmau5/status/1499444710162800641
General market carnage/plenty of talk about crypto sanctions not helping OBC. But Umbria project continues the good work.
I'm struggling to see what has occurred with this share price. I know there's war jitters, but with UMBR 10 x where it was this time last year, AFN x 2 what it was 12 months ago..... and here we are with bedwetters dumping at a price below NBV...
https://twitter.com/vendmachinenft/status/1499413303814201346?s=21
https://twitter.com/networkumbria/status/1498961582075883521?s=21
https://www.twitch.tv/videos/1307812569
Interview with the Umbria devs.
https://coinmarketcap.com/currencies/umbria-network/
UMBR token up overnight.
Meanwhile traffic on the bridge accelerating.