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Boring waiting
Someone posted the below 2 years ago when we were 70p.. talk of £1.2 .... oh how I wish
: Cash flow21 Feb 2021 08:41
I prefer a loan. They have links to Redwood Bank and their BTC treasury reserve is well up so they can use that as collateral. Revenue, despite reports could be low. 60,000 users with 2,000 a day trading £20 a time is small. Growth rates in trading volume of 110% per month means that by in December 2021 i am anticipating £3 million to £6 million in revenue per month just from BTC trades alone. Very good gross margins too. The first 9 months of this year will see low revenues but any fundraise that you have suggested will be low.
People might be disappointed in the H1 results 2021. This is because of the ramping and the 60,000 users base for predicted growth in January. If 110% growth per month is sustained or close to it we are sitting pretty at year end.
£1.20 - March.
To right the buisness model works with what it has on the books already,then add on top new buisness with latest blockchain digital fintech technology this bank has already with its license for cryptocurrency this will be ahead of other financial institutions,I think most will agree everything is going digital so cryptocurrency is here to stay and could possibly overtake sterling at some point 20 or 30 years from now my opion.I wouldn't be surprised if this doesnt leep frog Lloyds share price but coming out of suspension anything under 20p would be a steal
The business model works
Think this will be rather exciting 😀 would just like a little update on times etc
"The Bank has outperformed any reasonable expectations under market extreme conditions, and in four years achieved profitability, unlike a number of other Challenger Banks.”
Seems a new page added on redwood bank website “Warrington”…? I know an office there but strange to add a page like that
https://redwoodbank.co.uk/warrington/
Monday, 25 July 2022
Since its inception in 2017, the Bank has loaned more than £140 million to people and properties based in Warrington and the North West, representing approximately 28 per cent of Redwood Bank’s lending. This compares to an industry average of 10 per cent – underlining the Bank’s commitment to its roots.
This could be something special licensed for bitcoin everything going digital,fintech,sme and all that this could be massive,eight capital partners raising 50 million to become a digital bank I think R8 Capital could be in front of them here.Sorry just thinking outside the box until we find out what redwood plans our could be a number of different things but 100% confident us share holders in at the current price will do well
Hopefully com3s out of suspension next month and positively also
If it comes out 10p plus I will sell half and let the other half ride I got 7,000 worth
Personally I'll be out as new money comes in, all being well.
Gla
When it comes out of suspension, won’t the mid/long term potential be continuing growth, obviously depending on their business model?
Once out of suspension, sell out instantly or let ride and see where the share price might be in the coming years?
Interested to hear anyone’s views?
Perhaps Warrington Council will get a return on their investment after all.
Gla
Check this out
Redwood bank Delighted to have been shortlisted in the Specialist Lender of the Year 2023 cant wait to see what happens here vary exciting if this doesnt open up at least 20pence plus when coming out of suspension I will be amazed
Redwood bank Delighted to have been shortlisted in the Specialist Lender of the Year 2023 cant wait to see what happens here vary exciting if this doesnt open up at least 20pence plus when coming out of suspension I will be amazed
Https://www.bbc.co.uk/news/uk-england-manchester-67171571
Draft report by Chartered Institute of Public Finance and Accountancy will criticise the council's risk assessment of its investments, which include Redwood Bank.
Andy Carter, the Conservative MP for Warrington South, said he was concerned.
"What we've seen... is an increasing desire to move into almost hedge fund opportunities of speculative investments into organisations and businesses that are not based in Warrington," he said.
He said the investments had "promised a great return, but really have not delivered".
"I don't disagree that there are challenges around funding for all local government, [but] the solution is not to borrow £1.8bn and invest it into risky operations," he added.
Tic tock not long before we here something but have a good feeling about this
Https://www.theasset.com/article/50214/metro-bank-saga-throws-uk-neobank-scene-into-relief
Think we all would like a update
I fancy a update today. I am just very impatient 😆
I fancy update this week/early next week :)
We can only hold and await the RNS. Pure guesswork until that red dot appears.
Not easy waiting but at least I can’t get nervous and panic sell my holding.
Hopefully find out by the end of November depending on the legal complexities being ironed out in the background.
Will this open up 10 p +
Maybe next week 😒