Scancell founder says the company is ready to commercialise novel medicines to counteract cancer. Watch the video here.
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KR1 Plc - Unaudited Net Asset Value Update (March 2024)
PR Newswire
LONDON, United Kingdom, April 30
Tuesday, 30 April 2024
KR1 plc
(“KR1” or the “Company”)
Unaudited Net Asset Value Update
KR1 plc (KR1:ASE), a leading digital asset investment company, is pleased to announce its unaudited net asset value ("NAV") as at 31 March 2024.
Net Asset Value
£234,219,996
Shares in issue
177,369,520
NAV per share
132.05p
GBP/USD rate (as at 31 March 2024)
1.2637
Income from digital assets (*)
£1,958,252 (*)
Top 10 assets/holdings:
Asset
GBP equivalent
% of portfolio
Celestia ("TIA")
£85,985,612.03
36.71%
Polkadot ("DOT")
£35,430,991.27
15.13%
Lido ("LDO")
£28,156,119.12
12.02%
Cosmos ("ATOM")
£16,979,420.29
7.25%
Lido Staked ETH ("stETH")
£15,358,507.11
6.56%
Astar ("ASTR")
£7,524,232.95
3.21%
Zee Prime II
£6,682,229.86
2.85%
Nexus Mutual ("NXM") (**)
£6,533,773.04
2.79%
Moonbeam ("GLMR")
£6,044,925.70
2.58%
Rocket Pool ("RPL")
£4,787,030.44
2.04%
(*) For the purposes of KR1’s monthly unaudited NAV update, 'Income from digital assets' is defined as the aggregate income from staking rewards and parachain rewards for the relevant monthly period and excludes any other forms of income.
With a rising NAV, share buyback approved and some great projects, this looks to be very well positioned going forward, maybe a mostly undiscovered bargain?
I am sorry your maths is incorrect. The NAV is miles lower at this moment - not a month ago
Agreed Albus. It's actually quite remarkable right now there are buyers for this share - (well. one or two) at anything over 60p.
Posts representing both ends of the spectrum in the last few - I would suggest we are somewhere between-
Yes the assets have reduced somewhat since end March, but the discount to NAV is still large. Hence my positivity around the share buyback scheme.
In terms of who would buy - 1 do people think assets are going to rise? General view is there will be a run up this year / next year. 2. The business is sound with staking returns moving sizeable cashflow back to KR1 for buybacks and investments.
Personally I remain a buyer here.
In my personal opinion there is no doubt KR1 is among the top crypto/ digital asset / DLT funds / VC.S if not the number 1 in the business. In the early years. Its prominence did not attract the heat it attracts now & with that heat comes positive & negative attraction . As crypto.is so volatile and dare we say relatively predictable . Short term traders have the scope to manipulate the sp movements .( for some why hodl an stay long when the spread is to there advantage . .I belive the BOD are well aware of why the stock is Undervalued. Its the nature of the beast when the general market becomes bearish the sp.is vulnerable to shorter. etc as its fairly predictable .I assume the recent buy bk is to strengthen long positions
A few years ago. Institutional players were peeping through the spy hole .now they are kicking the door down . And with that penetration comes even more volatility.
The fundamentals of the company's methodology or success has not changed. Only the NAV has changed
People post whatever they choose to.post .doesn't make it right or wrong
Again it's my choice to HODL for the vast majority of my holding . Coz ive been.through several cycles and i belive in the dynamic duo . Follow the sucsessful.players not there fans opinion.
Hope that makes sense
ATB 2 U ALL .
This is interesting...last 24hrs
Polkadot up
Atom up
Tia up
Lido up
Don't think it's my imagination.
Please can anyone explain the extreme volatility of our ETH based ERC20 NAV holding. This is heart attack extremes between ranges of our NAV zero to $0.5m . could it be an indicator for the trend of our bigger other holdings short term ??
Why does Atom seem so unloved?