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Started: Mug95, 18 Sep 2021 10:45
Last post: Mug95, 18 Sep 2021 10:46
Could account for price movements this week.
Report in Music Business Worldwide.(MBW)
Bytedance are to launch a Chinese version of Tik Tok in 2021 called 'Fello'. It is being developed by Douyin in which Worldsec have a minor interest.
Google Bytedance for MBW report if someone would like to post the link.
Last post: Jimmy1981, 13 Sep 2021 12:16
Should get half year report soon, interested to see update on the value of the Bytedance fund.
Started: suey77, 18 Apr 2021 13:58
Last post: suey77, 5 May 2021 03:33
Decided to bail out at a loss today to look for better opportunities. ATB.
year end results should be here in next 10 days hopefully! also waiting to see where they will invest the cash they took out of bytedance.
After reading the RNS again, it looks like the byte dance value to the company is approx $2.6 million? They’ve drawn 15% at $400k. $2.2 million currently remains in the fund
Agreed profitable
Agreed profitable
Bought at 8p, spread is huge but expecting this to do in 20s with further news
Spread is ridiculous but so hard to buy, lose 50% of your investment as soon as you buy. Do expect this to go double digits with that RNS
Started: Caravanboy, 1 Apr 2021 15:47
Last post: Caravanboy, 1 Apr 2021 15:47
Several companies help by the group. All in the right areas to expand. Looking good. Looking to buy more companies with profit. Gla in the draw. For this one.
Last post: Caravanboy, 1 Apr 2021 15:38
Over looked at the mo I feel. Gla had a punt.
This has to rise on that RNS
Started: Caravanboy, 1 Apr 2021 15:31
Last post: Caravanboy, 1 Apr 2021 15:31
That’s a rns.
Yeah, nothing there really. Nevermind. I wish I had mined some bitcoin when it first came about. Lol.
Yes Suey I received a reply last night... pretty lame tho tbh:
"Good morning Mr. xxxx
We have been advised that any reply to Enquiry must follow the Listing Rules of the London Stock Exchange especially rule DTR 6 which relates to information disseminate to shareholders. In this regard, concerning your ByteDance Enquiry, we would like to refer you to information contained in the Company's Interim reports for the six month periods ended 30th June 2019 and 2020 respectively, as well as the Annual Report for the financial year ended 2019. Copies of these reports were sent to shareholders who were on the Company's Share Register List at the time. If you want to receive the same again, please let me know.
And we take note of you Bitcoin investment suggestion.
Kind regards and stay safe
Henry Cheong
Director, Worldsec Limited
Unit 607, 6/F, FWD Financial Centre
308, Des Voeux Road Central,
Sheung Wan,
Hong Kong
Tel. (852) 28689237"
Hi Camkite, did you get a response?
Matter of perspective, I suppose. If you believe true potential is here, then you won't be selling until its risen.....
whats the point of buying this ,looks like ****ing trap to lose money, buy at 5 sell at 1.5 wow wtf
Started: Cando66, 3 Feb 2021 08:52
Last post: Camkite, 3 Feb 2021 09:24
Mr 63555 held for less than 24 hours.
Not entirely sure what they were expecting to happen.
Love the raise we’re having let it carry on
Gla
Started: Camkite, 31 Jan 2021 23:24
Last post: suey77, 2 Feb 2021 21:41
Glad someone else thinks the same as myself on this share! Again, only 5 relatively small trades and up 50%! The mm's know this share is worth more than current levels and uses any buy as an excuse to push it up!!
Suey have to admit I am quite looking forward to entering into dialog with the board.
I really think there is great potential here.
Bod don’t cream huge wages, have skin in the game, cash @ mcap & most importantly, have replied.
My main question was - could they let the market know how much Bytedance is held.
And the other, a bit of a prod, would they consider investing in crypto.
Got bagger potential on it from here tho regardless.
persistence beats resistance ;)
Wow! Looks like you getting better response than me! I look forward to the reply.
Suey Just received a reply from the company. (I had sent the same email every day for the last week).
"Our company secretariat and management are preparing a reply which will be sent to you as soon as possible. Meanwhile, for our records, please kindly let us know how long have you been a shareholder of Worldsec Limited, and also whether your shareholding is in your own name or in the name of a nominee company.
Kind regards and stay safe
Henry Cheong
Director, Worldsec Limited."
Started: Mug95, 28 Jan 2021 14:40
Last post: Camkite, 28 Jan 2021 15:22
An IPO of Bytedance not WSL ... it wouldn't dilute WSL's holding it would release value & likely increase value.
Bear in mind that there are only about 19,000,000 float shares out of 85,000,000 total shares in issue for us to buy. The rest are owned or in the control of directors/institutions. An IPO would dilute but could be very profitable. Ground floor punt.
Last post: suey77, 28 Jan 2021 11:19
Agreed! Buy and store away with any change you have lying around. You just never know with this one!!
Suey I also read that they were looking for new investments... they have 1.5m in cash we want them to get into crypto as that would bring the interest here and with so few shares available undoubtedly it would fly.
Defo worth a few peenies as a punt from this level.
Yes I agree thats the kicker eh Suey... Problem is, as it stands the market doesn't know how much is held or how it is held... it could be incredible value as the shares were bought indirectly through a a fund / VC and as is often the case with VC's and funds value is not reached without a sale... which an IPO could do.
I bought yesterday as I really see that competitor listing as a positive signal Bytedance will do the same what we need is a BOD that have more interest in their shareholders.
Failing that the FY results are in April and therein is normally a much more in-depth rundown & hopefully between now and then Bytedance IPO.
Got my maths a bit wrong i think. 0.0005% would be £1 Per share. so a very small percentage interest in Bytedance....and boom!
Camkite, i did send an email once with no response. my thinking is if Bytedance are valued at $200bn at IPO. even owning 0.005% interest would give us £1 per share?? The price on this share fluctuates wildly on very small buy/sell volumes, so even the mm's dont know what to make of it.
Yeah, just MM's getting bored i think. There was some chatter about bytedance IPO last year I believe, but nothing seems to have come from that. Looking a previous RNS, mostly just yearly and half yearly reports.... we can only wait and see how the tiktok saga turns out.
The SP opened at .0055p ask/.0250p bid this morning and increased back to .01p/.03 hence the 300% top of the leader board, It has been bobbing about all morning though. Who knows, might just be a bored mm mucking about.
?? (make that 3)
Next Bytedance/Tiktok news not due till 15th December. Last deadline set by Trump was forgotten in the election so date was put back again. 6 trades & 2 posts in one day. We'll be getting a speeding ticket at this rate.
Top of leader board, is any news due?
Started: Oldpunterkline, 6 Oct 2020 15:28
Last post: Oldpunterkline, 6 Oct 2020 15:28
Hold what you have.You would have to be insane to buy with. 200% spread.
Started: suey77, 25 Sep 2020 22:45
Last post: suey77, 25 Sep 2020 22:45
Well, looks like these are going on the back burner for a long time. Might as well forget about my investment here.....
Started: Pookiethepunk, 20 Sep 2020 12:47
Last post: suey77, 20 Sep 2020 23:28
This is the most frustrating part. They invested $1m in like a fund called hoamer something or the other which is 100% only to do with bytedance. But don't know what the unit price was or how its performed nor the current price.
Bytedance are seeking a $60Bn valuation for Tiktok. I just cannot find out what Wordlsec's stake is worth on this valuation.
In short, approval from Trump for Oracle and Walmart to take a 20% stake in Bytedance and so allowing Tiktol to continue to operate in US. I think this deal also requires Chinese approval but deal getting closer at least.
Can you give me a quick summary of the article? Sorry I don't have a FT subscription. Thank you!!
Got to help the Worldsec share price. Their $1 M investment in Bytedance is looking good!
Again 2p. To sell
Started: Pookiethepunk, 28 Aug 2020 11:39
Last post: suey77, 1 Sep 2020 16:23
Half year report should he due by end of month. Hopefully we get some insight then.
makes you think WSL have a very very very small piece of the pie
I dont know. Gonna just hold. Not much more to say unfortunately.
all big news outlets in america are saying tik tok could be sold today or very soon yet this share doesnt move. it doesnt look good surely it would jump above 10p by now
Seems a bit silly for china to stop a $20bn deal with a Chinese company.....maybe the government wants a slice in taxes?? So it would still be approved I'm thinking.
Started: suey77, 18 Aug 2020 10:23
Last post: suey77, 28 Aug 2020 00:50
Even If WSL had only 1% invested in Bytedance, that sale is worth $200m. Surely thats £2 a share????
TikTok will be sold within 'coming days' to either Microsoft and Walmart or Oracle, in a $20-30billion. A source said Oracle was the preferred buyer and that their offer - which has the backing of Trump - is $10billion in cash and $10billion in Oracle stock.
Half of TikTok's profits will go back to ByteDance for two years, their sources said.
Larry Ellison, who owns Oracle, is a Trump donor. Trump backed Oracle as the buyer earlier this month, calling it a 'great company' and saying: 'I think that Oracle would be certainly somebody that could handle it.'
Microsoft and Walmart of all folks, bidding for Tiktok......watch this go through the roof .......Dorothy!!!!.
Key here is that Bytedance will engage (I think) in a partnership with a western company for not just Tiktoc, but for Wechat and many other Chinese based social media apps. This will happen.....when or whom with is the only question and they've got 28 days left to get it sorted.
i know bytedance will get a wedge of cash for this but it probably brings down their value since they cant operate in the US or at least while Trump is in charge.. next POTUS wont be too quick to reverse but they probably will given some time
Started: backinblak, 16 Aug 2020 21:58
Last post: backinblak, 17 Aug 2020 11:04
thanks suey for that. Although it is crazy that its not known how much of bytedance they got for their 1 million. Actually a bit worrying that maybe the bod have no idea how much they own of bytedance!? I'd say something if this was a multi million dollar company and it was pittance to them but this is probably their biggest investment, unless of course they bought in at a high valuation?
WSL has actually invested £1m in Bytedance who has a big portfolio- including TikTok. So actually the investment is bigger than 'just' investing in TikTok. I dont actually know how much WSLs investment is current worth.
can anyone tell me what valuation tik tok was at when the 1 million was invested in them in 2019? Perhaps i've overlooked it but it seems crazy if this is potentially the biggest invesment on their books that they've not let people know how much of tik tok they got for their 1 million..
Started: jpsherwin, 3 Aug 2020 05:17
Last post: suey77, 14 Aug 2020 09:19
Looks like 15th September.
Can anyone confirm the date when Mr Trump announced that Microsoft had 45 days to make an offer for Tik Tok in America?. At least we would then have some sort of timeline for any potential announcement/update.
Twitter and TikTok. Interesting days ahead
Hold on to your hats, we are moving
tic tok / pop
investment in bytedance is probably not widely known. Or maybe people are just waiting for an update?
Started: Pookiethepunk, 13 Aug 2020 08:46
Last post: Pookiethepunk, 13 Aug 2020 08:46
Gone very quiet here this week! Twitter now also involved along with microsoft I thought this would be a bit more lively