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This is the most frustrating part. They invested $1m in like a fund called hoamer something or the other which is 100% only to do with bytedance. But don't know what the unit price was or how its performed nor the current price.
Bytedance are seeking a $60Bn valuation for Tiktok. I just cannot find out what Wordlsec's stake is worth on this valuation.
In short, approval from Trump for Oracle and Walmart to take a 20% stake in Bytedance and so allowing Tiktol to continue to operate in US. I think this deal also requires Chinese approval but deal getting closer at least.
Can you give me a quick summary of the article? Sorry I don't have a FT subscription. Thank you!!
Got to help the Worldsec share price. Their $1 M investment in Bytedance is looking good!
https://www.ft.com/content/4049b902-53b7-46d6-b9f5-69d076bc5d23
Again 2p. To sell
Half year report should he due by end of month. Hopefully we get some insight then.
makes you think WSL have a very very very small piece of the pie
I dont know. Gonna just hold. Not much more to say unfortunately.
all big news outlets in america are saying tik tok could be sold today or very soon yet this share doesnt move. it doesnt look good surely it would jump above 10p by now
Seems a bit silly for china to stop a $20bn deal with a Chinese company.....maybe the government wants a slice in taxes?? So it would still be approved I'm thinking.
Just shows how quickly things can change. China now got to approve the Tiktok deal it seems. If there is any delay whatsoever, in it providing its licence, Tiktok value in the west will go down the tubes as competitors quickly fill the space.
Have your questions Suey. Old and very tired right now. Will try and get back to you before the market opens Tuesday. Have a good W/E and don't worry. IMHO this share will make very decent profits.
Aviz
Avizandum1, forgive me but I'm still learning, why suspension? And what does that mean for us?
Under the radar. We don't know what our % ownership of Bytedance is, but whatever. Circa £650K seed funds in May 2019 will see this SP go through the roof. We are due an RNS from this company, to make us aware of numbers. Maybe Tuesday, after the deal has been announced. Don't think the market will want the mayhem of a colossal rise, so likely suspension?
I had a punt on this with only 500 quid a month back but it does seem the sale is gonna happen and for big bucks with microsoft n walmart maybe working together so why isnt this flying ????
Even If WSL had only 1% invested in Bytedance, that sale is worth $200m. Surely thats £2 a share????
TikTok will be sold within 'coming days' to either Microsoft and Walmart or Oracle, in a $20-30billion. A source said Oracle was the preferred buyer and that their offer - which has the backing of Trump - is $10billion in cash and $10billion in Oracle stock.
Half of TikTok's profits will go back to ByteDance for two years, their sources said.
Larry Ellison, who owns Oracle, is a Trump donor. Trump backed Oracle as the buyer earlier this month, calling it a 'great company' and saying: 'I think that Oracle would be certainly somebody that could handle it.'
Microsoft and Walmart of all folks, bidding for Tiktok......watch this go through the roof .......Dorothy!!!!.
Key here is that Bytedance will engage (I think) in a partnership with a western company for not just Tiktoc, but for Wechat and many other Chinese based social media apps. This will happen.....when or whom with is the only question and they've got 28 days left to get it sorted.
i know bytedance will get a wedge of cash for this but it probably brings down their value since they cant operate in the US or at least while Trump is in charge.. next POTUS wont be too quick to reverse but they probably will given some time
Looks like Oracle are also interested in buying Tiktok .
https://www.ft.com/content/272cfc69-b268-45ac-88d6-d55821f27e78
thanks suey for that. Although it is crazy that its not known how much of bytedance they got for their 1 million. Actually a bit worrying that maybe the bod have no idea how much they own of bytedance!? I'd say something if this was a multi million dollar company and it was pittance to them but this is probably their biggest investment, unless of course they bought in at a high valuation?
WSL has actually invested £1m in Bytedance who has a big portfolio- including TikTok. So actually the investment is bigger than 'just' investing in TikTok. I dont actually know how much WSLs investment is current worth.