Member Info for Dartron

BLOCKS BIT COIN HOLDING IS UP 17% IN THE LAST 5 DAYS

From Block Q3 Shareholder letter:

In the fourth quarter of 2020 and first quarter of 2021, we invested $50 million and $170 million, respectively, in bitcoin. As an indefinite-lived intangible asset, bitcoin is subject to impairment losses if the fair value of bitcoin decreases below
the carrying value during the assessed period. In the third quarter, we recognized a bitcoin impairment loss of $6 million on our bitcoin investment.

As of September 30, 2021, the fair value of our investment in bitcoin was $352 million based on observable market prices, which is $203 million greater than the carrying value of the investment.

--

Blocks buy in price was about 32k, when it was valued on Sept 30th 2021, BTC was roughly where it is now, 43k.

Happy days!

In case any one new to BatM arrives (we are now on the top risers leader board):

Outlook very rosy here, 10% buy back announced. SP just correcting from short manipulation last week.

https://www.lse.co.uk/rns/BVC/update-on-ftse-nationality-review-share-buyback-adrwt4rcteeo1vn.html

Interesting article, published by an Israeli news source. I think the key take away here is how over sold this still is.
Looks like even if they were removed from the Russel index, there are only a small amount of shares affected. These institutions can swap them in to other funds that don't track the index, so even the 3% may not entirely be available.

Following last Thursday's announcement, BATM's share price fell 11.3%, and the company opens trading in Tel Aviv this morning with a market cap of NIS 1.03 billion. Sources close to the company say that the funds that have to sell BATM shares as soon as it is removed from the FTSE indices hold a little over 3% of the company; that is to say, the fall in BATM's share price is sharper than the direct damage that should be caused by its removal from the indices.

I like to go back to the 80's..........80p please!
Would have liked a TU today, but ill take 5% on no news, shows how over sold it was.

Kate Coppinger has accepted an invitation to join the Board of IGas
Kate is currently Non-executive Director at Serica Energy plc, an AIM listed, independent UK natural gas producer.

The only people who would have read that would be forum members from here and the other site. I doubt anyone paid any attention to it, and I think they scored an own goal associating it with rats - Doh! and it was probably too long and complicated for most 'investors'. Perhaps they felt more desperate to make this work after the hiding they got in 2020 from the ventilators. I spotted the same characters over on the other board with the same worries that were posted here. I think the short looked almost finished at 60p, but they must have known there was a chance of the Russel announcement, and Bam, hit it hard for 2 days. Day one took 7p off the price, day 2 not sure yet, as looking for late trades on Monday but may have been 5p. What people need to remember is that they only get a few shares from these drops, most of it is their own (borrowed) stock that they sell and have to buy back. So maybe a few people had enough, but it sounded to me like plenty of people were buying too. I think a lot of this stock is in sticky hands, and now possibly more is tightly held. It looks far worse on a chart than it actually is due to a lot of the volume being their own.

Looking ahead: The price is now back to historical levels, yet the company has made a lot of progress in the last 2 years and has a nice wedge of cash from Covid. Zvi is a smart man, to declare 10% buy back at now a 33% discount to the price 1 month ago. Far better use of the cash than paying tax to the Israeli government. Im sure BatM will make steady progress in all their endeavours, but there is also that chance that something hits the sweet spot and boom!
You cant beat these shorters, so the best way is to join them. I shaved 30p off my price thanks to Ennismore, and actually BatM may have been little expensive at 80p, but not at 50p IMO.

Stock_sensei, I think you may have been more involved in recent action than is apparent.
If you want to buy, sell or short that is up to you. I think the trading update will be good, especially where the price is now.
Obviously they have money hence the buy back. Can sales grow? I dont know, if I knew that about any company, id be a millionaire. It is reasonable to expect sales to grow in their businesses, perhaps not Covid kits, but that isn't what bought me here.
Really looking forward to the trading update and also seeing the late trades, I thought it would tick up at the end of the day.
I shall be following more ennismore shorts in the future as they pose fantastic entry points. Best regards.

No idea what you are talking about. Does Roland Rat have a PO box number?

If we get the trading update Monday, would that then allow company directors to buy some more shares personally?
If the company do a 10% buy back, and they buy a few too, this will look very attractive.
Be very interesting Monday to see the trading update.

To the shorters:

Posting inside information that is not public knowledge, or information that is false or misleading, may constitute market abuse. This could lead to an unlimited fine and up to seven years in prison.

Of the 3 Cyber contract RNS's, there is 10M USD revenue for 2022. (According to them)
Not to mention
New five-year contract for Edgility
BATM receives agri-waste contract in Botswana
Strategic partnership for NFV with AudioCodes
First enterprise customer for NFV with $2m order

Then of coarse the Covid kits.. Yes the revenue might tail off, but this year 2021, H1 on its own was $20M USD.
I have full year revenue est of $140 (declared $70M in H1)
I have operating profit of $40M (declared $25 H1) - higher H1 due to sale of NG soft.

So $40M or £30M, eps of about 6p, looking at a PE of under 10 now.

That is without any surprises, growth upside, buy back upside, new contracts, company sales, bounce back from shorting...

Buy Buy Buy. Yes it was cheap at 60p, it is now very cheap.

Some made up blog written by someone declaring themselves short on the anonymous internet, who calls themselves something to do with rats?, written in a tiny font like a complete amateur, looks like how my daughter has to hurry her homework. LOL.
Or there is the investors chronical where it was tipped as a buy with a sum of parts valuation of £1.70
or the media interviews and articles by the company...

I could and will go on..

Pulling all the stops out today for the last push?

Wow, you are getting a bargain buying below 49p. Current VWap for today is 50.6 and that is before they have to start buying back this afternoon.

Yesterdays Vwap for the day was 53.6p, as can be seen from sites like trading view.
No co-incidence that the large aggregated buy yesterday was for 53.4p then.....

03/02/2022 17:57:17 GBX 53.403 144,469 £77,150.78007 Off-Book XOFF TNCP

Trading update must be due Monday, Remember the interims announced increased FY guidance.

'The heat is on'.

I wonder how bad the drop would have been if Ennismore Ltd were not actively algo botting to short this though?
(Looks like they bought back £73k at an average of 53p yesterday from trade log, so dropped it 7p off the news.)
If Zvi wants to buy 10% I expect a short term drop is a good thing. As a PI just need to look away from the carnage today - or set a limit order like I have ;)

In simple terms what they announced was that they cant be part of the index. They are still on the FTSE and you will still be able to trade them. The index applies to certain funds, so taking the news at its worst, some 'index' funds will have to sell. I looked there are only 10% of shares held by all funds. All this sounds way worse than it is. Look at 'Just eat' exactly the same thing happened to them, and you can still buy and sell them. Look at my older posts, I included link to an FT article.

Flatcap, the second RNS yesterday stated that they have no intention to move from the FTSE. Not sure if you realise that.
I would worry about any move as and when it happens, trading update and guidance next, lets see the price in 2 or 3 weeks time.

I cant see any reason for the company to want to increase the share price. With 30% privately held, I just cant see a reason why the share price would matter to TSL. Hopefully at some point, we get some clarification on the way ahead, but I expect they dont know currently, as Block trading at such a lower price.

He could potentially buy them from an index fund, so not on the market. He has played a blinder for BatM and shareholders, of which he is 25%. Yes I think a little deliberate, but also as I keep saying there is a short open too, and a lot of the walk down and todays drop must be attributed to them - but he has made the best of the situation. My average 63p now. I have no worries here, looking forward to the future.

Trading update on Monday, perhaps a third announcement?!
10% buy back and the market acts like this. 10% that's 40M shares, assuming average of 60p that is £24M cash.
If there is an index fund that has to sell, job done. Another deal crafted by Zvi?

All future earnings and distributions now increased by 10%.

purchase of 300,000 shares in 2015 at the princely sum of 4-5p was well timed

Wow, well done to you, that is a nice return.