Member Info for CaneToad

"No reason to be as low as 92-93p. Constantly undervalued."

I disagree. There is every reason. All gold miners are suffering. Even the best-of-the-best, multi asset miners are heavily depressed. The only gold miner that I've been really successful with in the past 6m is Fiore Gold and that's only because they're being bought out. The rest are being buffeted by the expectation of the future gold price movements.

"This thing is so predictable lol"

I disagree. It's just bobbing about in a holding pattern like gold. I'm braced for the Fed taper, which could be terrible for gold. I **still** believe that gold should be rallying, but it's not corresponding with the market reality and there might have to be a time when I adsmit I was wrong and sell out here. If this continues for too many more months, it's psosible that the gold rally will not happen for this cycle.

It's going to get interesting if this breaks below the 46p support.

Anyway, regarding funds buying. I don't care what funds do. Most funds make less than the FTSE. I've made 3x the return on the FTSE for several years, so I don't care what they think or do. Obviously I'd like to see them buying, but let's not hold these guys up as some great investors, when most are lemmings that produce sub-standard returns.

I don't love the CEO. If he can't arrest the sp decline - he has to go.

Enterprise Value is £224.48m, while Mkt Cap is £1.24b. Net debt is supposedly -£1b.

I don't know how profitable Liquidnet will be, but revenue for the past quarter alone was £51m.

There's something bonkers going on here. But WTF do I know.

They're definintely in the right area and have great products. They have too many operating companies though; it's a spider's web with wafer-thin margins, but high, fixed costs.

I'm itching to add more, but it would be financial suicide to do it when it's literally in freefall. There is no price support below the current price. It literally could fall to *any* level. It just keeps driftign downwards. That's why I'm hanging back. I'll consider adding only when I think: (a) that it's so riduclous that a buyout is likely and/or (b) the fundamentals improve. I don't yet see either. Averaging down is v. dangerous in a situation like this.

That's just my view. WTF do I know...

I workd in the City for 20+ years and have a large position in BP. I have zero understanding of the IFRS accounting here. It seems bonkers to me that a company extracting stuff out of the ground and selling at record profits can somehow posta huge net loss. Sheer madness.

Unless the 7 broker forecasts aren't worth the paper they're written on, the expectation for 2021 net profit is £144m, while for 2022 it's £189m. Are you saying these are complete tosh? The broker target price is also still 267.81p, while is >70% above spot. I would have expected to see the broker ratings drop significantly if the forecast was for a loss, but WTF do I know.

Clearly there's something going on here, but I have no idea what it is.

FTSE dragging us down today - totally expected.

Fundamentals continuing to improve here.

I like how the CEO consistently under promises and over delivers. He actually does what he sets out to do and reports major milestones without too much spin. Few CEOs do that.

Nope. I don't get it. The decline of the past few months was (supposedly) because they thought the profitability would drop significantly due to lower trading volumes. But the volumes have increased and so has profitability, so you'd naturally think that decline would reverse.... If I was them, I'd now just stop splitting off Liquidnet. Everybody knew the voice business on its own was going to decline - that's why they bought Liquidnet......

They've got piles of cash. They're profitable and improving overall.

@2phevs: I've been invested here since the start of the year. I'm still positive or I would have sold out already. We need to separate fundamentals from technicals though. It's now in a significant down-trend and while they've been winning jobs, the margin is shrinking; they're hardly profitable. They desperately need to become more profitable or their only future is being bought out for pennies by a competitor. That's just my view.

My biggest holding is in RIOT. Second biggest in ARB. I'm positive about about both. RIOT have suffered due to the huge share issue. It's likely that they're continualy selling huge volumes of shares... That's going to eventually come to an end.

Blonity's latest video is useful.

https://www.youtube.com/watch?v=pfQJG-4l9bY

Over the past hundred years, there is no 10y period in the S&P500 when an investor would have lost money. That is not true of the FTSE. An investor would have lost money even over the past 10y. It's highly dependent on where you got in.

Sudden rise to 63k. Maybe that could save us once the US markets open. On the other hand, it could crash again in 20mins time, such is bitty!

@MacF1: "It's also not true to state that all UK stocks are rubbish."

It's not about the companies. There are lots of great companies here. It's about the UK, FTSE, investor personality, etc. I have no problem with ARB. It's just that it's become crystal clear, it's not going to do well while it's primary listing is in the UK. I expect that PW knows that already and will eventually make the NASDAQ listing the primary one. That takes time though.

@MacF1: "or all of you who think LSE/FTSE is terrible, there and many investors who will ONLY buy UK listed stocks as they do not like being exposed to currency risk."

*Most* UK fund managers shun the UK. They mostly invest in US stocks. It's because the performance of the UK markets has been terrible for a long time. Nobody wants to track that terrible performance as it's a career-killer. The UK market is currently very 'cheap', but it's not attractive to investors.

Multiple stock market listings are very expensive, while they are a waste of time, because it's very easy for UK investors to invest in US stocks...

Having ARB listed on ARB is an anomaly. We're the only one. We get dragged down by the UK markets, while there are no advantages to it.

Yes, sadly, you are right this time CHRI55. It's looking grim. I think it's partly caused by the terrible sentiment in the UK markets. There are companies who've reported exceptional results, but are also dropping significantly. I see most small/mid-caps now in a bear market.

The weird thing is that I can't see that any funds have reduced in the past 6m. Unless I'm blind or a complete idiot; maybe both. On the other hand, I also cannot see any increasing... it's a mystery who's selling.

I totally agree that the cause is the London market. It's terrible. Abysmal performance, weak regulation, negative investors.

"We are currently in discussions with a number of entities regarding project financing and these are progressing well."

No progress almost a year later... A total vacuum of information. Literally nothing except promises of future riches for an investor. Zero revenue. I hate to be harsh, because I have a significant holding here (damn!), but something has to change.