The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Just spotted this RNS…….very interesting news……need to digest implications for ARB.
https://www.lse.co.uk/rns/proposed-acquisition-and-suspension-of-trading-n3v7jiqwha5xquo.html
I'll be interested in Kevs view in this, as i know he was excited about pluto. £96 million for the company (first offer atleast). With us holding 25% then in straight line terms it's 24million to argo. Better than nothing but not quite anywhere what we need for kit out.
Depends how it's all structured though, especially if it's a share deal and not "cash".
How does it price your shares Kev?
I just read further.. 4p per share.. Didn't you turn down more than that in the past Kev? Maybe its just first price and not best price.
20p a share k3 was going on about ? A bid was rejected at 6p ? Lol it’s what happens when a company isn’t in an exchange bs like that can be said.
Another great call from the legend that is k3
Even worse when arb raised that money for Pluto, it recked sentiment and never really recovered
Was all that worth 17 million profit lol
Pluto was not sold for 4p a share it was for £96 million and an excellent profit for Argo
Yeh nothing to see here.
Wrecking sentiment can’t put a price on but let’s see the spinners spin it.
After taxes and fees maybe 10 mill profit, awesome ;)
At least we know why Argo labs are here now………
And jay blu its not cash its stock in NFT
4p is the value put on NFT shares so you are calculating it is a one for one
@jayblu
"4p is the value put on NFT shares so you are calculating it is a one for one"
Doh of course yes, the 4p isn't for the pluto share, so could be alot higher for pluto holders.
Thankyou for the correction
wonder what will happen to the 121mln Pluto warrants Argo have
"Under the terms of the proposed acquisition, NFT will acquire 100% of the issued share capital of Pluto for a consideration to be satisfied by the issue of 2.4 billion new ordinary shares in NFT (at 4p per new NFT share valuing Pluto Digital PLC at £96 million)."
@chuz - I think the deal works out about 15p per Pluto share (?) but bottom line is that ARB invested £8.4m in Pluto and with the proposed deal it is now worth £24m so a profit of just over £15m. So a good return but not perhaps as much as they hoped for and it will be many months before they can get hold of the money assuming the bid completes (and they don't wish to retain the shares in NFT).
Thanks Hexam
H - Take the cash pay the loan.
All I can say is.... Ummm buy the Dip!
Is this info in an RNS that LSE hasn't released?
Calamari, can you tell me where the 2.5p info is from pls?
Agreed 100% Chuz, or if there’s no loose change available, pop your feet up for a bit.
Brilliant, thank you
flowerpot999, Interesting video, thank you. What is your guesstimate, are we going to drop further. My guesstimate is the drop of BTC is done, rebound time, however, i've got it wrong for the past few days lol.
@PI
Yes good timing with that video, one of his best.
I dont believe in charts for btc, only historical ones are ever correct:)
Wouldn't like to say a sp for here, bit unfair for those still holding a lot. But as I say the funding question isnt going away so can't see people hugely steaming in when it does start to recover
I still think a deal could be on the table with regard to the many displaced miners looking for hosting sites either with Argo hosting machines for shared profit or short-term lease?
Always the chance of surprise M&A esp in current climate and prime Texas real-estate with almost completed build - Peter did talk about conversations in the industry in past videos. The board are smart and forward thinking and prepared for decline in Bitcoin price with diversify in outside investments - Pluto deal a good example (forthcoming RNS I presume).
In any case expecting 5th wave of down-trend in Bitcoin price to complete soon then reversal.
Each to their own but I will continue to DCA for future gains.
GLA
Flowerpot, I do know about the funding issue, I personally believe it is not that much of a issue, they have loads of options, especially with their hodl, which is growing month on month. You know what they say, Cash is king. imho
Upbeat
I think pw might have to swallow his pride and fill helios with anyone miners
The thing with all this diversification, the projects are still largely related to the btc price anyway. Its a bit like having a diversified portfolio all in the same sector.
Pires just released RNS regarding the Pluto Digital news……..maybe we will get an RNS from Argo shortly.
https://www.lse.co.uk/rns/PIRI/proposed-acquisition-of-pluto-by-nft-investments-yfez4y04f5ej7hr.html