focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar 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.
Surely it is revenue that is owned by the company so every penny should be accounted for - But it seems to just disappear only to be used for the odd seed funding round. Which is great when are bring in TIAs. But you would have thought they would need to explain what the money is being used for. Even if it is just being used to pay their wages and for New Investments. Feel The lack of shareholder clarity on this Issue is a major drawback. If they would use staking money to pay increasing dividends this would be arguably one of the most promising share available
Absolutely agree that there is a lack of transparency from the managing directors. Given the monthly staking revenues shareholders are left very much in the dark regarding these revenues. It’s always bothered me.
You’d think they’d be staking it all as they aren’t allowed to sell any yet.
"Staking involves locking coins in a cryptocurrency network in return for rewards. Doing so with TIA on native platforms yields between 15% to 17% annually, minus fees, to users."
Does anyone know what percentage of a holding is likely to be staked presuming it would only be a small Percentage of holding. Correct me if I am wrong but if they staked 100% of the holding at 15% returns they would be making over $1 Million Per Month from Staked Tia alone right?
Have just topped up here - Aiming to have 10,000 shares before Bull Run really Kicks off. The only downside to this share is that they do not return staking rewards to shareholders as a dividend. They should be more transparent with what happens to that revenue.
Not until the big boys wake up to KR1. Us tiddlers have little impact on the SP.
Some news hype if anyone wants to read it
https://www.msn.com/en-us/money/other/celestia-s-tia-token-pops-22-as-staking-modular-narrative-gains-favor/ar-AA1mv0m9
Its even more than that now as we speak with Tia nearly $17 and representing 50% of our asset value
Phenomenal rise. Our sp is asleep - wake up please
KR1 NAV over £200m vs £164m mkt cap. Should see a nice rise today...... :-)
Just had a look at coin tracking and they do indeed hold 15 btc, my mistake albus
Somebody posted a link to CoinTracking some time ago which I’ve kept open. It shows KR1 as having 15 BTC (their 17th largest holding)
The top 7 are TIA, LDO, DOT, ATOM, ASTR, RPL then ETH(4,000 of ‘em!)
I agree that most of the movements here are related to BTC irrespective of our relatively low BTC holding in comparison to our main holdings. It is also slightly worrying that people are investing here based on BTC performance rather than the wider portfolio, it shows a lack of understanding or maybe a lack of clarity from the company as to what people are investing in.
Firstly we have to wait for the US SEC decisions which are holding everything back and creating risk for investors in crypto
This has often been discounted in terms of NAV to SP. I suspect the market applies heavy discount due to volatility. In fact, most price movements here correlate with BTC price in spite of the minimal BTC holdings, rather than the price of the assets actually held. I’d love this to get to £2 this cycle.
I was under the impression it’s easier to use Bitcoin to buy and sell alts, maybe that’s why they have some.
Hi
They wouldnt be publishing it in their monthly NAV updates if they didnt have any unless they are doing an FTX and lying about what they are saying they have when they havent. Thats why the SEC are being so awkward about not tightening things up
Albus, the website says fully exited btc 2016, but I stand to be corrected
This is crazy, the share price is hardly moving. mid price 92 vs NAV currently at 118.50. here is now a discount to the NAV of almost 25%
$16 now. $120m to us
Franco - it says we have held 15 BTC for quite a while
Indeed TIA looking very strong. They hold no BTC btw
Personally i dont disagree with you Albus and in fact I do use BTC but I do this myself - not via KR1. Soon there will be other vehicles to get BTC exposure but there are already miners and MSTR (US Co.). In the meantime I am more than happy to be allowed to invest in KR1 and dont to date question the two.
They may end up with 5 or more $100m stakes at the peak of this bull run!.
I think that there may come a time when they consider a divi or share buyback (my preference would be for them to do this in the bear market) but I would never suggest to the 2 of them in the same manner as I would not have offered tips or thoughts to Buffett & Munger - I dont think its too far from the truth to say that given another 10 years, these 2 will be mentioned in the same kind of revered manner.
NAV now £205m, equates to 115p for KR1. TIA has raced to $15.57 which is £91m in itself
Hi
But surely they can simply add more BTC to their assets with the reward income proceeds !
In my opinion this is a safer long term holding than probably a lot of the others
I think you will find in most projects they cannot get more as they are typically invite only ….imo
Agree with earlier poster that it would nice to have bigger positions in some of
our miniscule size placements - because any of them could easily turn into another
major out-performer. However, it seems company policy dictates that each holding
has to earn its keep, and will rise to the top on its own merits. Fair enough.
We especially dont want to lighten up our TIA position imo. This holding is currently
the class of the field, having smashed its way into the top 40 from nowhere, and
perhaps it could even make the top 10 during this cycle. My understanding of the
technicalities is very limited, but if TIA is the 'new internet' version of blockchain
- conceptually quite different to its peers - it will allow users to set up their own
individualised applications - much like their own website - is how I interpret it.
I also hold some Solana , because they also have a fresh approach. Quite possibly
TIA or SOL, or even both could usurp ETH in the next cycle 2028 or thereabouts ?
As far as UK blockchain operations are concerned, this is the only bluesky opportunity
currently available.