Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Well... It is my birthday tomorrow. I deserve a present?! Especially since I've been a good boy recently?!
YGC is in the process of raising a $200 million fund and has received commitments from investors, Gillas said. But it hasn't been easy, despite its founder's blockchain expertise and its managing partners' business experience. Gillas blames the challenging blockchain venture fundraising environment largelyon regulatory uncertainty in the US, as well as the so-called“crypto winter” that has followed the digital currency market
downturn.
Some of that uncertainty might be tapering. Some pension funds and other institutional investors are apparently
showing more interest in the sector, in part because of the recommendations of consultants and investment firms like
Cambridge Associates, a Boston-based firm that in February recommended the blockchain asset class to large investors if they're willing to research more about the risk, according to Bloomberg. Two pension funds in Fairfax County, VA, said in February they plan to contribute to a $40 million investment in a venture firm that backs blockchain startups and might also buy cryptocurrencies, according to news reports.
Even so, YGC has looked outside the country for investment. “Most of our [investors] are coming from outside the US. That sucks,” Gillas said. “We’re American, we believe in American innovation. Innovation is being stifled right now because of uncertainty.”
YGC’s Johnston is also the chairman of Austin-based blockchain business Factom, which closed on a $6 million
venture investment from FastForward Innovations in August.
Factom has attracted plenty of interest, including from Draper Associates, which invested in an $8 million Series B funding round the year before.
“Factom was ahead of its time because while others were pursuing the consumer applications, Factom was the first to
focus on blockchain uses for the enterprise,” Draper wrote to Xconomy. Of course, many other startups have joined Factom in developing blockchain products for business customers.
Hope this was an interesting read.... download available at https://media.xconomy.com/wordpress/wp-content/images/2019/04/19163900/xconomy-special-report_Blockchain_V3.1-2.pdf
Wouldn't life be grand if financial deals, lawyers etc could be synchronised with anniversaries?
Factom turns 5 next week. There are going to be celebrating next week. An opportunity to tell us series B
Thursday would be nice, its coming i know that then we will see the real value of factom. we may even get an idea of whether it was over subscribed... like intensity was...
Everything's for sale given the right price.
it’s now just a question of how the assets are executed and most importantly how FFWD monetises them. Organically getting cash back into the business and focussing that cash into assets they can turn around within 12-18 months is key. If the fund achieves scale that will change everything. This obviously means that certain PF Companies will be sold pre-maturity but at significant profit.
You never know Chilston...
it could be Thursday?
yes - that 25% discount for series B is huge, that was a clever move.
roll on series b... it cannot be far away - anyone hazard a guess? its got to be sometime this year. before august perhaps?
Further investments in life sciences relating to both emmac and Juvenescence. Who knows they could even be intertwined?
My main interest was his reference to Factoms Round B being significant and of course our 25% discount.
for once... our thought processes are aligned Doggo.
btw did you notice in Eds presentation that he 'expects' to see further investments in the Life Sciences sector in the next 3-6 months?
im assuming this may be via JUV but who knows.
This is micro when it refers to FFWD. Macro refers to the economy as a whole.
This will move significantly on NAV increasing news. The seller is out and the only sellers now are stale bulls getting out or taking a chance they can trade elsewhere and jump back pre-news. A dangerous game with the PF top loaded with near term NAV increasing news in spades.
And now it's back to Roman. Are my eyes deceiving me?
has LSE gone all italic, all of a sudden?
i stand corrected. i was right the first time... macro deleveraging (there is also micro). I picked up on it during Ed's presentation and his reasoning behind the poor perfomance of the SP. its about 3 minutes into his presentation.
In the financial market, the need to deleverage causes financial intermediaries to shed assets and stop lending, resulting in a credit crunch and tighter borrowing constraint for business, especially the small to medium-sized enterprises. Many times, this process is accompanied by a flight to quality by the lenders and investors as they seek less risky investment. However, many otherwise sound firms could go out of business due to the denied access to credit necessary for operation. Moreover, firms in distress are forced to sell assets quickly to raise cash, causing asset prices to collapse
This is probably FFWDs rational for why we had the seller recently. I would assume that they needed to reduce risk and balance the books, hence the constant selling.
Now that has all finished, IMO we should start to see a rise back up at some point.
Its just an explanation of the recent selling. We also had a private investor admit to selling his shares and so we had a double wammy.
I think Ed probably meant micro delevaraging tbh, which referes to the actions taken by corporates, which would perfectly describe what has happened here.
So its just a clarification for you all..
Well I hope it's more than old Snooty's gout that's stirring, this constant draining away of the SP is playing havoc with the extremities.
Something stirring with Vemo.
aside from this article they were also mentioned in the Daily mail
https://www.japantimes.co.jp/news/2019/04/30/world/students-u-s-pledge-share-future-salary-universities-avoid-debt/
https://www.dailymail.co.uk/wires/afp/article-6974591/American-students-pledge-future-salary-avoid-debt.html
Just had a quick look in. Thank you for your information, will read it again tomorrow when more with it!!!
looking at the SP posts. Yes it is disappointing and 8p is a possibility if buyers do not emerge, thinking of buying a few more to lower the average as we are down about 15% - 20%
OK what are the possibilities:
Will it drop 9p to zero or go up 9p to 18p.Which is more likely?
Well if the rise is a better chance it must be time to buy some more. If not a 20% drop is better than 100% drop so get out
The choice is ours either to get in with it cheap or sell out because you think they all will fail.
Must be a BUY as we see it. But what do we know. Still a toss up with this months money to invest. FFWD or IIT or one or two others. We said we would not add to FFWD at the moment but if it goes down any further then we will change our minds rapidly.If it goes a bit up still worth adding to.
I haven't a clue what you mean, Chillpots, so spell it out in simple terms for old Snooty please, there's a dear.
The floor is yours....
Correct doggo. Sorry. Didn't spell check. That's exactly what I'm on about. It's pretty important in respect to ffwd
You mean micro deleveraging Chilston if you are talking about a single entity such as FFWD.
Yes your talking rubbish again
last quarter of last year - not set to continue as we can see by the simple fact that the seller is out.
i guess you all know what i mean by that...