Member Info for CaneToad

Doesn't look very strong. Some of the miners (e.g. RIOT) are slightly down. Hopefully, that will change if BTC moves up.

Oddly enough, Invesco have pulled their own BTC futures ETF, so the SATO fund (containing miners) is all they have...what a stroke of genius!

I was optimistic about these BTC-tracking funds, but it seems like they're not very popular. For example, the futures ETF yesterday traded ~$1b, which was one of the most successful ETFs in history, while the Invesco SATO fund (which holds ARB, amongst other miners and crypto companies) has only sold $8.2m. As for the French (Melanion) fund, they still haven't got their act together.

I'm not much of a chartist. I'm just seeing this as a significantly under-valued turnaround play, but happy to learn something!

You mean the one starting on 6 Oct?

Irrespective of the bad smell here, I jumped back in for another trade earlier in the week on the basis of Gati knowing more than I do. It's clear now that the only volume is when Gati is buying...

Bottom line is. Yanks prefer yanky companies. An ADR is viewed as shares in a *foreign* company.

In truth, ARB is a Canadian company, operating exclusively in North America, but few yanks realise that yet.

I'm wondering if Mr Meldrew has invested in ARB? There are striking similarities with @Pops:

https://www.youtube.com/watch?v=ZqLT3PmOKtQ

@Pops - as I've mentioend to you a few times (to which you responded that the 'traders' here were idiots), you'll be less frustrated if you're invested in more than one crypto share. I don't want to make you even grumpier, but it's been a hoot this week!

@Kallumama: "Otherwise both ASC and Boo don't have a future in the face of competition from likes of Shein online, Next multichannel platform and discount retailers like Primark, ALDI and LIDL"

Hmm, I don't see that backed up by facts. Both Boo and Asos have been growing their segment strongly. The issue is with the supply-chain, which *all* retailers have, except that Shein won't say that - they'll just take ages to ship you anything at the moment. I see the supply-chain issues as temporary and are a gift to the patient investor.

Hmm, so why havn't they ever been profitable? I see they've done a raise in June, but it was just $1.5m and it looks like they burn money. I also can't see why 6p would be a floor. Perhaps 5p might give some support, but even that could be wishful thinking. I also can't see why this business would be so attractive (presumably to Croda or Elementis) when not profitable. On the other hand, there are some institutional investors, so I must be missing something?

Finally - the updated debt and earnings figures have appeared in Stockopedia. This now looks half reasonable:

Quality: 43
Value: 99
Momentum: 36
StockRank: 62

With Net Gearing @59%, it's no longer scary. I expect we'll start to see a gradual increase in Value investors. Looking to add some more myself if it dips.

@Coolmax: "while ARB is languishing near bottom, very bad performance."

Yeah, it's a bit crap atm. Such is life. I don't have big enough kahooners to have everything in one basket like @Chuz, but I've still been hearing ka-ching's because of that...

@Chuz: "Ive actually gone the other way, I just sold all my ETH."

Yeah, I've also started scaling out, same goes for my other miners. Expecting a decent BTC pullback. I'm still in ETH though as it hasn't moved much.

Guys, I hope you're holding some 'coin' for this momentous occasion!

Most shares rise on perception and passion, so I think PW is doing a good job in making regular videos like this. Just my two pence worth. Obviously will also be great to see it finished, but that's a long way off and we're going to see a lot of rises and falls before then.

@kirky66: "Hi. Anyone here bought bitcoin via paypal? Or can anyone recommend best UK platform for ease please?"

I use Kraken Pro and I pay 0.12% in fees, which is decent. That's important if you're trading in decent size or if you're scalping.
It's going to depend on your trading volume though. Revolut is simple, but the fees are extortionate unless you're a long-term holder who only deals occasionally. I also like the fact that Kraken (like Coinbase) are US-based and that they'd never been hacked.

The Kraken web interface is good and so is the App, but it's more of a trading interface than Paypal/Revolut.

They will hold the keys though, which I'm perfectly happy with and indeed, prefer it that way.

@Know0: You've got me interested here. Can you tell why the finances are so good?

I'm just going on what I see in Stocko, which could be stale, but I see they have only ~$1.3m and 11 employees, while they're not yet profitable. Revenue isn't fantastic either.

Happy to be shown to be wrong here as I don't mind bottom-feeding...

@Know0: "If anyone else trades in a similar way to me - take a look at ITX"

Thanks for the cross post. At first glance, it looks pretty rough (Sucker stock in Stockopedia, never made a profit, not much cash, etc.).

Slight correction. I said that Adrian Biles had 11%, while in fact he has 11m shares, which is 16%. No change to either of our arguments though.

Crikey, investors need the patience of a buddhist monk. Having been here since the start of the year, this is starting to get a bit boring. It would be nice to think that 'some' progress is being made on Dundas re: funding.