The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Been considering it but as he/she is invested (so I believe) have left it for now. Poor Zoro just needs to take a step back, take the blindfold off (sorry mask) and look at the bigger picture than a 3% share dilution.
They're no better than us... there's plenty of short-termism, trading and profit taking going on there too. Personally I think we've done well over here to consolidate a decent level around the 240p - 250p mark. Reminds me a lot of January where we saw something similar. There's obviously been a shift in sentiment and patience etc. but I do think people need to chill.
Everything these days is 24hrs madness, instant gratification, instant news and pure impatience. It'll come and it'll be quite marvellous when it does. I do think a little bit of the sting was taken out of our tail but it won't be long before an RNS pops up and people are clambering aboard again.
There's a few out there in the US & Canada. We're the only one that goes down on positive news though! We're good at that :D
If you do invest please have patience :D there's some people (I assume they are still on here in my green boxes) who need to have a little lie down and relax.
Well $25 billion into BTC would certainly see the share price rise to £2.50 that's for sure :D. It'll be interesting to see how the day progresses. I wrote a while back that I thought £2.50ish would be our level/SP floor before things kick off again so who knows. I did also write that I thought we'd be at £4 at the end of the month which is perhaps slightly optimistic.
Anyway days, weeks aren't too much of a bother to me and the relatively stable SP has given me an opportunity to pick up a few more shares.
Aside from the generators on site it would be interesting to know whether discussions had taken place with the likes of GAP, Garic and Portacabin etc. diesel powered welfare units and site offices were a bane in a previous life.
Fantastic news, the use of standard generators on sites across the U.K. is widespread so any kind of move into that market to replace is great. Companies like Mace are having to report on their site environmental credentials more and more. This could be a very profitable market in the U.K. and beyond.
Don’t be surprised to see deals with the likes of SRM, ISG, Kier, Lendlease etc. in the future. Very promising!
The decision (albeit one I was not impressed with at the time) to offer more shares and hold BTC is looking like a good one! Real rough estimate of a decision worth $2 million as it stands....
Plenty of companies would be very happy with that as an end of year profit! Let alone end of week!!!!
Agree with this RC.
I'm not going to pretend i'm not annoyed at the lack of movement (downward movement) created as a result of the placing this week. Current thoughts i've had this week have included:
- If I wanted to buy into an investment company I could buy into GST, VELA or PIRI or someone.
- If the de-rampers are to be believed and BTC is a bubble that will burst then de-risking through other revenue streams is beneficial for me (as a shareholder)
- PW really could have picked a better time to do this.
- Fair play to PW with it coming out with BTC on the rise it's dampened the negative impact of the dilution.
LT I think there's a lot of positives to come as a result of the recent activity and I think holders need to accept that investing in ARB & PW isn't necessarily going to be a straight mining play. Look at amount of shareholder engagement and updates!
Unfortunately (rightly or wrongly) there have been a few dilutions to the SP which PW has explained the rationale behind them but for anyone investing more recently it probably feels like it's every week. I'd imagine even more so in the US!
It could have been handled better but it is what it is now. Just a case of sucking up a few of the punches through to next week and then hopefully sentiment will improve. I'm sure updates on things like monthly mining, new machines coming online, Texas progression and a NASDAQ listing will soon improve things.
I do wonder whether the reaction this time round may make the BoD hold on a little longer in future.
The first ever BTC Theme Park with the worlds largest roller coaster aptly titled "To the Moon"...
On a serious note PW did mention in one of the recent Q&As that ESG was really important, particularly in mining and they would be looking at sustainable power generation such as wind or solar. I wouldn't be suprised to see both being installed (solar on the roof) which is then hooked up to the substation (depending on the capacity).
Correct Lotto. The pandemic and cooling relations with the Chinese from the west is seeing major manufacturers, economic think tanks and world banking organisations begin to seriously focus on moving away from China and begin nearshoring the supply chain (particularly focused on the former Yugoslavia region).
Just read the RNS outlining the reason behind the fundraiser and the 25% investment in Pluto. I have to say this fills me with more excitement and again aligns with what PW was saying the other day in terms of big plans (also the pharma tweet).
We’re seeing a highly profitable mining company invest in some very good blockchain companies and showing serious signs of expansion. Not to mention the raise is at £2 and far higher than some of the other discounts that I’ve seen offered on PB.
I hope people see past the dilution to the bigger picture but if not I’ll top up tomorrow after they’ve sold. Seems to me the only people upset are those that wanted an immediate doubling of their investment
Could have and possibly should have been up a little more based on the great news earlier but unfortunately some people only see what’s right in front of them. Interesting to see how BTC gets on and if it has a decent evening to help the states along a little.
Anything similar to today and I’m sorely tempted to move some less performing shares and average up to towards 50% of the current SP.
I think with this land and the potential for ARB to be diversifying (pure speculation on alternative blockchain possibilities) this significantly reduces risk for me.
Often I think the buying and selling behaviour is as a result of this being considered a pure mining play. With PW I think we have a very shrewd businessman who can see a few growth opportunities. If BTC (even as low as 20k a coin) becomes purely the commodity to finance those other plays then this becomes an even bigger prospect than competitors and provides even less risk. We already know that the company are profitable in mining in the 20k zone.
What companies that you currently have money in wouldn’t give their right arm to be bringing in 150k and above a day!!
People will remember the Q&A last week with PW on one of the investment YouTube channels (can’t remember which one) where he had a very big smile and said there were a lot of exciting plans.
I think (hope) as the company matures we will see BTC mining being used to fund wider, profitable blockchain projects. There’s huge opportunities that are presenting themselves and ARB, fronted by PW are the kind of company that could quite easily win some lucrative contracts assuming they can turn their hand to other activities (which I have absolutely no reason to doubt).
Exciting times ahead!
Based on the last week or two I think we probably need to be hitting 52-53k ideally. We’ve bounced around the 50k mark a few times only to be pushed back towards 46/47k.
It would be quite nice if it steadied itself at/around 50k for the next 24hrs before pushing on up during the American session. It’s been a bit unfortunate where it’s dropped off again and has possibly held the SP back a bit.
Not that I’m unhappy with where we are!! I still think £4 by April and £10 by the end of the year but who knows. The good news at the moment is that even with some volatility the excellent results, future prospects and leadership of PW means the SP is becoming more resilient.
Was just reading this and it got me back to thinking about the Chinese miners and suggestions by some that them being banned would be terrible for BTC.
Maybe I’m looking at this far too simplistically but while there would perhaps be a large sell off and a reduction in BTC price long term it provides many more opportunities for ARB.
Just off the top of my head you’ve got; less competition, less coins being mined (increasing value), less market manipulation and possibly less resistance from western governments.
Obviously there is an issue with losing a substantial number of people in China who trade or hodl it but over time this would level out with the number of IIs buying in.
Anyway just some random thoughts this morning.
It would be very nice if it could just gradually rise to around 55k, hit 57k at around lunchtime tomorrow before shooting up to 60k just after opening in the US. That would be very pleasant.
One step at a time though!
While I don’t disagree at all from a company performance perspective it’ll do little for our SP (in my opinion) as people seem to buy/sell depending on the price of BTC.
Take the RNS this week, that should have given us a really good lift but instead we saw sales as BTC continues to be held at this level.