Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video 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.
Why not £78m in seems like a great opportunity, that trend is also looking very promising. Q2 Q3 looks strong.
https://www.ii.co.uk/analysis-commentary/scottish-mortgage-dips-its-toes-cryptocurrency-ii515850
Yep a brilliant insight thanks to you all , brilliant topic covered well ,I’m not in profit now but was, only been in since January so here’s hoping fingers crossed many positive Comments from you which helps enormously thanks guys.
The last two posts have in my view been extremely good well done to you both. I mainly deal with funds and have shares in a few companies in which I dabble and if lucky make a tiny bit here and there if lucky. I have no understanding and am not at all interested in bitcoins ( to much of a gamble in my view. But will start investigating block chain now that I have been informed that it’s different. Thank you both for your info. Regards Seaking .
Crytpocurrency and Blockchain technology are two different things completely. I was and probably still am fairly skeptical of cryptocurrency, only recently taking a small position in Ethereum that I can afford to lose. Etherum to me seems to have a purpose (I'll not go into that) Blockchain technology in itself can and will have multiple real world applications and is potentially huge in the area of big data, something through it's healthcare holdings that SMT is backing to disrupt medicine and primary health.
To the villager analogy I would say this....fiat currency and gold are nothing more than belief systems, if people stop believing in them, they collapse in their function. It would appear that maybe Bitcoin is heading in that direction. It's key component of being, as far as we know, decentralised from state control and digital, the digital world should not be underestimated now.
Time will tell, really glad SMT got involved and to be honest I didn't expect anything less.
Laallee, brilliant analogy couldn’t agree more. That gave me a chuckle. :-).
SMT are not invested in the actual crypto currencies- they are invested in the handling ie security and distribution of it.
A bit like selling the pics and shovels to the Klondike gold prospectors-
I am not at all turned on by any of the crypto madness, when I occasionally get interested I read the following -
A lot of monkeys lived near a village.
One day a merchant came to the village to buy the monkeys.
He announced that he would buy the monkeys for £100 each.
The villagers thought he was mad.
They thought how can somebody buy stray monkeys for £100 each?
Still, some people caught a few monkeys and gave them to the merchant and he gave them £100 for each monkey.
This news spread like wildfire and more people caught more monkeys to sell to the merchant.
After a few days, the merchant announced that he would buy monkeys for £200 each.
Even the lazy villagers now ran around to catch the remaining monkeys and sold them for £200 each.
Then the merchant announced that he will buy monkeys for £500 each.
The villagers started to lose sleep! They caught six or seven monkeys, which was all that was left, and got £500 for each one.
The villagers were waiting anxiously for the next announcement.
Then the merchant said he was going home for a week and when he returned he would buy monkeys for £1,000 each.
He asked his employee to take care of the monkeys he bought.
The merchant went home and the villagers were very sad as there were no more monkeys left for them to sell at £1,000 each.
Then the employee told them he will secretly sell them monkeys for £700 each.
This news spread like wildfire. Since the merchant will buy monkeys for £1,000 each, there is a £300 profit for each monkey.
The next day the villagers made a queue near the monkey cage.
The employee sold all the monkeys for £700 each. The rich bought monkeys in big lots. The poor borrowed money from money lenders and also bought monkeys.
The villagers took care of the monkeys and waited for the merchant to return.
But nobody came.
They ran to the employee.
But he had already left too.
The villagers then realised that they had bought the useless stray monkeys for £700 each and were unable to sell them.
Which all sounds very similar to Bitcoin. If the price goes up what can you do with Bitcoins other than sell them to someone else who thinks they will go up in price even more? And what do you do with your Bitcoins when they fall in value…?
I don’t know, but just like the villagers trading monkeys, Bitcoin will bankrupt a lot of people and make a few people filthy rich.
I share bewilderment with Laughton, but the managersof this investment trust have a fine reputation in picking more winners than losers. The whole blockchain/cryptocurrrency focus, as far as I am concerned is froth that I neither care about, understand or even propose to investigate. Didn't prevent me adding to my holding on Tuesday.
I don't understand it (the whole cryptocurrency thing) but feel I should have some exposure so am happy to have it via SMT in the hope/expectation that they know a lot more about it and can manage the risk better than me.
Hi guys what’s your opinion on SMT investing £72m in blockchain looks like it having a very positive impact on the Sp .