Member Info for barnetpeter

I 50 thousand! Now that is a bonkers ramp. Nope I don’t think that has happened before not even in the dot com times. First target is 50 pence not 20 quid!!!

I think many on here do not realise that the mkt wants to know what next. What about after testing. I doubt the testing sales will last much more than a year so what then? What are their plans? A well known shorter has been very confident on this all the way down and suggested today “insiders” had been a great help. Make of that what you will. Still headed down to that critical 360p level. The next results statement will be critical. The mkt will want to see plenty of cash, decent profits AND an idea what next for the company. Are they going to use any cash for acquisitions etc. Not just this company of course...other testing stocks are struggling...and this is by far the best of the lot.

Boo is fairly valued. Nothing more. The share price has done nothing for some time apart from the fall to below 200 on the investigation etc. Will the company rerate higher over the next year? I suspect no. Just too many issues around. Too many “ethical” investors who refuse to buy boo. Made a few quid when it fell away before but not a buyer myself at this level. Definitely one to watch though.

In time I expect the company will mine 350 plus a month and bitcoin will trade between 90 to 100K. My guess is the company may then be bought out by a US company bearing in mind it is looking to move ops there. I could easily see £8 plus a share using others much higher rated paper and huge cash resources. I suspect the big holders will take such an amount and PW and other directors may be bored with this company. It will run itself. The machines produce btc like clockwork, a few minor issues, the cash rolls in. Paint dry watching. I guess they will take the money and do something else more interesting or just retire.....I would take the £25 million they would be offered personally and so would most folk

based on the mkt cap and price of bitcoin. Nothing is "wrong", no reason to sell, no real reason to buy in my view. Just about the right price....170p to 190p. Other miners are way overvalued but then the US mkt is very different, is much higher valued anyway than the UK. It does have some advantages but many of their companies are way higher in comparison in every industry. GAN (not a miner) delisted here and relisted in the US. It promptly went up 500% in a few weeks. If other UK based companies did the same and gave up their UK listing they would soar too. US investors are happy to pay a big premium for growth...and it has worked out well in tech. UK investors are not.

Wow! I sold half of mine this morning for 39p. Thats a doubler so I can forget the rest now and see where next. I am not as confident as some of you . The CEO here raised so much money in placings etc chasing rubbish stuff under the previous company. Still....I cannot complain now and can see where this goes longer term with no risk. Well done to all holders

Great but what is the current holding? Very quiet on this. They must have sold a load I think. Or they would be shouting.

The mkt cap is so high now that the market is looking for more these days. I am sure the 200 will be hit in time but for the moment Arb is probably simply fairly valued. In a fair range for now.

The reality is that Arb is well over priced with bitcoin at $52. It has risen from 3.4p from last July so it is going to be tough to break out higher from this level. Buying stocks that are already up 50 times in 9 months is tough for most new investors.

Which is no reason to sell of course. I dont want to sell my freeroll for ten years. No way. But buying more? Not at this price. Thats an issue for the Arb price. Many of us are stuffed with cheap stock. We wont sell and we wont buy. A big fall to 140p? Sure. A trade. But at 200p? Nope. Already got loads.

I see this at 10 pence very soon, I added earlier. Still got some from the primary bid 2p placing. In time I have this as a 10 bagger from that level. Right time for WBI

Good rally today. Much higher than lse have. Wonder if there is a bid on the way after all? I reckon the board would sell for £42 or something like that.

Timmit....my last comment as I have moved on.

Good summary but I think the risk has increased drastically, a lot of cash has gone and the danger is that the price falls away sharply. I got 4.80p. Would I buy prim now? No. Not at this level. It might come good in a couple of years time but a lot of "IF" there. What control is there over this SPAC? It might sell this investment for a loss to chase something else....or pay management crazy amounts. The mkt is very competitive and prices might fall as the big players pile in.

Of course Prim may have pulled of a great deal ......but we are looking a long time in the future and there will be plenty of time to buy these back at I think much lower levels. Is Prim a long term hold? No. It is just an investment company and there are 1000's of them. Is it cheap? No. Not now in my view. Profits are hard won in this type of stock and can soon go as major holders want out. So hence I sold.

Enough from me!

This held the 360p level ...just. That was the time to buy and of course the rns helped. Will the price go back below £4? It might. I think one current reality in the small cap mkt....a lot of punters who would usually get involved in stocks like this are punting instead in the crypto markets. Some of the moves are eye watering and many are bored with a few percent up and down when crypto can move up a huge amount daily and trades 24 7.

I don’t like the idea of buying into a suspended fund that is then buying into another company. Too complicated. It reminds me when fund managers used to buy into each other’s funds. Pointless of course except that the fund could charge and justify a commission. It still goes on. Funds buying tracker index funds. The investor ends up paying too lots of commission for something they could buy themselves. Prim did well buying ggp but that may have been just a one off and this buying one fund who buy another fund seems very risky to me. I would rather invest myself direct ...so time to take my cash and profit out of prim and move on. Been here a good while!

I agree with those that think this is overpriced. I got over 16p for mine and I struggle to see why the price is over 10p. The low for 52 weeks is just 2.5p and I notice 37 million warrants at cheap prices are still on the books. The investments have done well and look good going forward but a mkt cap 7 times the NAV makes this look a top of the market price. There are lots of similar investment companies to this much cheaper. Investors have made their money on this stock and even with a couple of IPO's on the way I would want a lot cheaper to buy back. But hey its been a stormer so thanks Piri!

WEB sat at just above 1p for some time. The 52 week low is just 0.95. So tough to know. Things have moved on a lot in the last year of course with the company in profit and most US opening to sports betting. The free stock is low, no placings for years. At around 4p ish it looks cheap but if a big holder gets bored and walks away then sure it could do a MAC and fall back to 1.6p. The reality is that for the big players this is not something they want to spend much time on. But as we move on to the next Calif budget interest will surely grow.

I dont like this so am out. Profit...but if they had held GGP for just another few weeks.....

You are right that about 4 to 4.2 seems to be the right buying price for Web. I nicked 40% on my last buys....kept the profit in shares and looking to do that again. Small caps are out of favor at the mo or so it seems and lots of stuff is being sold. Partly because the larger caps are coming out with some excellent results. Partly because many punters are moving to crypto....where the results can be incredible.

Plenty taking a kicking here from nearly 7p. My previous average is about 5.2p and I have added a few more today. Not much of a bounce yet. All these testing type stocks are getting a kicking but I thought this Boots contract would be a huge boost.

Wrong.....

I sold at 45p a couple of days ago. Great company and looking good but just too expensive imo. Was not prepared to hand back the gains. Still loss making and I think the mkt expected break even.

I will return at about 33/34p.