The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
It's a momentum market not a value market. We need US institutional buy in and the Robinhood crew to fall in love with it or it will juts get ignored.
I can do my one man PR thing on stocktwits again but that will only get us so far.
Unless most US investors won't go anywhere near it because it's a London company and they already have proper crypto vehicles in Riot, Mara and Hive plus a load of Chinese ones.
This London thing is toxic to many US investors. There's no shortage of crypto plays nowadays and value means less than momentum.
There are no interest bearing savings accounts anymore and the FED are devaluing the doollar at a rate of 20% a year.
Gold cannot be plugged into apps like bitcoin.
Apple and google must incorporate bitcoin into their apps or lose out to square and paypal.
I'm about a quarter of the way through. Saylor is great for these cold days with soft price action, just waiting for the ascending triangle to resolve.
https://www.youtube.com/watch?v=Jb48Q5e4WVg&feature=share&ab_channel=Binance
Microstrategy announced they are issuins $400m in debt to fund BTC purchase. The play now appears to leverage up as much as possible and scramble for as many bitcoin as possible. Something not really possible in London with such a tiny valuation. Every month we are here is costing us tens of millions in MCAP.
We need to shift entirely to the US and try and rid ourselves of the London taint.
After this debacle I will never be investing in London again, unless there is a very compelling reason to do so, which I can't think there ever will be. It's a graveyard where capital becomes comatose. A 1% FX charge is super cheap for what it buys you.
In other news, very productive dip today. 17.9 would have been perfectly on the October trend but 18600 should still make for a good higher low. I anticipate that we could be under 20k for a few weeks yet. Such a significant level is going to take a few more attempts before breakout. That said, i would be happily surprised if one day i woke up and the Chinese had sent it skywards.
Who really knows for sure?
Bitty has formed a bull flag/pennant over the last week. Even if this fails we will fall back on the trend started on 18th October. This trend is due to break the ATH 23rd/24th December. If that breaks down then we may be in for a prolonged period of consolidation but we're not there yet. Remember it took months to break the upper boundary of the 30 month pennant after the 2017 ATH so a few weeks here is nothing.
Which is to say that even a dual listing may not even be enough for us. If we want full access to US capital we need to shed the taint London has left on us. It's that bad. Like Israeli companies are synonymous with fraud and dodginess, when people hear a company is from London they assume "dead stock".
We are tainted.
Here's a quote under a Burford article from SeekingAlpha:
He's a bit bitter it seems, not sure why as he hasn't let the full truth get in the way of his analysis. Burford Capital havent been the best either. I'm fine with it, i just buy the dips as i'm longer term. That said, apart from the Covid basket of stocks, He's a bit bitter it seems, not sure why as he hasn't let the full truth get in the way of his analysis. Burford Capital havent been the best either. I'm fine with it, i just buy the dips as i'm longer term. That said, apart from the Covid basket of stocks, the UK investment scene is really pathetic compared to the Nasdaq or S&P. At least there will be plenty of litigation in the next great depression, lol, or is it a U recovery... At least there will be plenty of litigation in the next great depression, lol, or is it a U recovery...
Happy to hear other solutions to our undervaluation. We will need a dual listing and then some US institutional buy in aswell. BTBT languishes because the institutions won't touch it, apparently.
It's not a silver bullet but I can't see any other solutions. Maybe a full move and sole listing in the US? The UK is a dustbin. Who knows what big capital in the US thinks of it, not very much would be my guess.
Just stumbled across this as part of my diversification research. MCAP $330m. Order in for another 1000PH of miners which will make 2250PH by Feb2020. Mining more than Riot and Mara combined.
Largely unloved by the market. Trying to find out why. Could be another undervalued gem like Argo.
Here's a recent post from some random guy on stocktwits about Marathon Patent Group's valuation. My point here isn't whether this guy is accurate but just to give a feeling for the American view on valuations. Note that Mara's MCAP is currently $300m and last time I checked they were mining 200PH at 28PH/MW versus Argo's 635PH at 21PH/MW:
Mikovio
Bullish
now
$MARA
P/E Ratio is share price divided by EPS. Right now trading at $6 and if $BTC.X just stays level at around $18K, according to the investor presentation, gross profit would be about $100M/year. 53 million outstanding shares. That's a P/E ratio of 3. That's insane. 15 is considered good. Obviously nothing is guaranteed but this is still crazy low valuation.
So Mara is a third of Argo's size, valued almost ten times as much, yet this guy thinks they are still crazy low. Just imagine what the Americans would do to our share price if we list there. I keep saying 5 bag, but when I read comments like this it makes me think more like ten bag.
We need to be listening to PW for verbal clues as to how close they are to dual listing. If he's a cool dude he will signal to us that a dual listing may be imminent. If I can get next years ISA in here before he does then great.
Then we all need to load up prior to the US listing. Then after we are all fully loaded go on Riot, Mara, BTC boards on stocktwits and let them know the incredible opportunity to buy this criminally undervalued gem.
Bang - 5 bag in a week. Price action then resembles Riot and Mara rather than London.
It's an uncommon opportunity to make a large amount of money very quickly.
They are seriously looking into a dual listing and have been working on it, but naturally can't go into details.
Christ, as soon as they pull the trigger on that one I will be loading up here big time. 5 bag in a week guaranteed.
GSpanner - I spent a whole month in Summer advertising Argo on stocktwits. The problem is they won't touch London stock with a bargepole as they don't exhibit sufficient liquidity and momentum. Aside from the fact they can't buy them on RobinHood. I spoke to hundreds of (who I took to be) Americans and there were literally only one or two who would even consider buying Argo as a London stock. We had one person on here from the States (I think they were either called Verona or Hellas). After literally one day they were complaining viciously about the lack of price action. "Why does this thing never move?" they asked again and again. They couldn't accept it. Then I found them on stocktwits. Naturally they sold up and presumably bought Riot instead.
Which is the main reason I keep banging the dual listing drum. Riot and Mara exhibit very string price action and valuations. I think if Argo dual listed in the US they would 5 bag in a week (possibly even a few days) as the yanks would stick a decent PE on this baby. I have powder dry for the day Peter announces this dual listing.
And it's no wonder Americans want nothing to do with London stock. The amount of people I have seen on here and other forums saying they have sold because this has two bagged or three bagged is notable. These people don't appreciate what they have here or what 2021 very likely holds for crypto. When we break definitively above $20k there is no overhead resistance anymore. The price could easily go haywire 5k up 5k down in a standard day. Argo could easily go to £1+ Riot to and Mara to $100+.
All we have to do is sit here and wait a year, maybe three.