Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
In the interview with proactive CF mentions "UK Inc", which to me refers to the remaining UK business once the various dividends in specie have spun off the other non core assets. I have a feeling he means that ORPH can become £1b mcap, with the various spin offs technically becoming their own assets, and no longer anything to do with ORPH. I may be wrong with this, but it suggests that overally value to ORPH holders today will be far in excess of current value
At present it seems to me that people buying bitcoin are doing so in order to realised massive gains and to then transfer back into fiat currency. This to me suggests bitcoin is presently seen as a commodity to invest in, that will ultimately result in the selling of BTC and the buying of fiat.
MODE is trying to introduce a payment system to help BTC become a currency with which to buy everyday items. This is such an important and crucial step to the future of bitcoin, the ability to actually use it
Anyone who went to ARB over the past few days have done well, but will be looking at a bag at best due to the phenomenal performance of ARB over December/January. The biggest winners in ARB bought in 2020.
MODE was at 57p at one point this week, mid 40's a couple of weeks back. The potential returns percentage wise are great due to the low market cap by comparison. This is what draws people to microcap stocks. Invest in a FTSE 100 and it will take years to double your money. Invest in a microcap and you can 20 bag in a month (and also lose a lot!) :-)
As of 9.40 this morning there are 8 reviews on the android playstore. 4.5 rating due to one review with 1 star (regarding email verification). Can't win them all ;-)
I wonder how many of the reviewers hold MODE shares... :-D
On the board today. There seems to be a lot of posters that know what we have here and the potential of it.
I for one have no intention of selling my holding. I can see a lot of upside with this share, as many can, and the temptation to sell for other shares is low. We are not all the same, however, and as has been mentioned by other posters this morning, some of our sells are probably going to ARB due to the rise there. Good luck to them, but just remember that MODE's day in the sun is yet to come, and the day is dawning :-)
I want to keep myself as far away as possible from ramping/deramping status. I want this board to reflect as many varried views as possible, i just hope that they are fair in either direction. GLA holders
I wasnt aware of that golf. Thanks for the clarification. I understood we were the cheapest, at least compared to a lot of other apps. But if binance is that much cheaper perhaps we wont win as many traders, who naturally will use the cheapest trading platform
I would also add, you can only use the merchant arm of the business by depositing BTC into MODE (either a transfer or a deposit). So, we would stand to earn from the transfer/deposit and also whatever fees we earn from using us to spend that BTC (mostly from the merchant, but again, at a much more competitive rate than mastercard).
Potential is huge. Early adopters of MODE shares should stand to benefit significantly. But it will take time. Many have mentioned a takeover. Very possible. Due to the potential here any takeover will be for a lot of money. All imo
Very true upside. My example was based on a fixed value, but true, the reality of a growth in BTC price means buying for £1k and selling for £4k. We get £50 from that (£10 + £40). We also stand to receive a lower transaction fee if the price falls, ie, buy for £1k, see for £500, we get £15 (£10 + £5).
So, the higher the price the better, but whichever way the price moves we still make money.
JR mentioned an expectation of millions of users over the next 3 years or so. That would see revenue of many many millions, possibly hundreds of millions if you consider that each user wont just buy. Many will trade, and regularly. We offer the cheapest trading platform, so PI's that fancy themselves as BTC traders will love us. The more the merrier. Based on the above, if 1 million users trade in and then trade out then we would receive £15m to £50m, assuming each user only trades in/out once. Many will do it a lot.
The merchant arm will also bring in significant revenues, but i am not sure of our returns on this.
The potential here is massive. We just need users. The next challenge, but based on the android downloads alone we are growing nicely! All imo
Very true. ARB is a miner. They live and die on the price of BTC. The higher the better.
MODE lives and dies on transactions. Volatility is our friend. If BTC goes up, great. If it comes down, also great. People will buy and sell and that makes MODE money. We get 0.99% of any transaction. Buy £1k, we get £10. Sell £1k, we get £10. The underlying price of BTC doesnt directly effect MODE, but the sentiment of BTC, either up or down, generates volumes of transactions which benefits MODE.
See MODE as similar to hargreaves lansdown with trading fees. They dont care if you make money or lose money, they still make money as you enter and exit.
I would also add that ARB is very very volatile. It achieved 145 in January before falling to 69 a few weeks later. The knives were out on the BB that day, believe me.
I am in both and i dont want to influence anyone else, merely a statement of my opinions, but nothing goes up in a straight line and buying ARB today could see massive losses if the price were to retrace at the rate it did only last month.
The same could happen here, of course, but our SP growth is linked to business enhancing news. The ARB sp growth is very much linked to BTC sentiment which is very fragile. DYOR
All good points. I personally hold both, so i am less tempted to move more across.
ARB has done really well, but buying in today wil see you "only" double your money IF it hits £1b market cap. It was £30m about 3 months ago. The big winners in ARB are those that researched and bought in 2020.
MODE as of today is potentially where ARB was 3 months ago. I do not expect the same growth rate, but for anyone who wants the kind of returns early investors of ARB have achieved then buying ARB today isnt the answer imo. MODE offers much better growth potential at only £50m mcap. MODE competitiors are billion dollar businesses. With what we have here, £50m is undervalued.
All in my opinion
That is a good point upside. As i understand the bitcoin trading side of the app is seamless, quick and effective. It sounds like that arm of the company is now fine tuned and thus the roll out to android. We seem to be, at the very least, matching the competition when it comes to bitcoin trading.
The addition of the merchant arm is a new concept that cannot be offered by our rivals at this time. This should, in time, sell itself. The only people who really know about it, or have an expectation of its existence, are those holding MODE and perhaps some financial analysts.
The masses that use the likes of etoro etc for bitcoin can now access a better product with MODE (jar, cheaper etc). I personally cant see any users being disappointed by our current offering, but i could be wrong. I dont hold BTC directly.
Right now we offer a competitive product that is regulated. The only drawback at present is that bitcoin is the only crypto we offer. As i understand Etherium may be added over the next year, but there are no plans to add any other at this time.
The lack of currency may put off some crypto-enthusiasts but BTC is the crown jewel at present and we are backing the right horse from the off imo
Thanks all.
I am watching saints wolves at the moment and have seen etoro, unibet and sportsbet (with a btc logo) advertised. The unibet advert states "hodl"
We need to be competing in this advertising space. According to a quick google search it costs around £1.2k per minute. This needs to be the next step for MODE. Shout from the rooftops and win us some users.
It would be a good idea to state the headline rates too, ie, 5% interest and 0.99% fees. Making those points when advertising will bring in users of other apps
There seems to be a little disappointment amongst the board members at present. I suppose its due to the fact most of us are either under water or with minimal profit.
To see the likes of ARB and other BTC stocks across the globe fly feels a bit annoying with our share price being a little stagnant.
Our time will come. At present we have a seller (probably a seed investor) and we have also attracted some traders who want their 10%.
The underlying product on offer here is worth more than the £47m mcap, imo. The SP will reflect that in time, and big news is on the horizon (judging by the slip of tongue in the now deleted recent video).
We know the user numbers are rocketing and that we are now on Android. Personally, i think the SP will really start to move when the finances are released and we start to see the monetary connection between users and revenue.
ARB mines and sells BTC and thus a rise in BTC price undoubtedly means an increase in revenues, and thus the SP grows inline with BTC. We are also benefiting, but to what extent is yet to be revealed. Short term patience is needed here, but when other apps are valued in the billions of dollars (both competing apps and apps in different fields) i think we know that the potential here is huge.
Our BOD contains some big players with a lot of experience and connections. They also have a lot of skin in the game and so their views are fully aligned with us mere PI's.
We also have the BTC treasury, purchased when BTC was in the low teens of dollars. BTC is kissing $50k today, so close to a four bag in treasury reserve value. That definitely isnt reflected in the SP yet. It will certainly help the balance sheet value of the company, which will naturally boost the SP when it is known.
Sentiment is strong, fundamentals are strong, the BOD are strong, the assets are strong. All imo, of course, but i think we are well placed to see a decent SP growth over the next few months.
I hold both ARB and MODE, having sliced some ARB to buy into MODE. So, i am well positioned for this BTC boom as i am sure a lot of others on this board are.
Good luck to all holders!
I am not sure of what can and cannot be patented, but i wouldnt have thought that MODE offer anything that can be patented (ie, a product or design), but i am happy to be corrected :-)
Imo, MODE offer a BTC trading platform (not unique) with a USP of the 5% interest with the bitcoin jar. The concept isnt unique, but we do it "better" (cheaper charges, higher interest).
The merchant arm is possibly a unique offering, but based on what we hear from paypal and mastercard etc it is more likely that we are first movers. This will give us the jump on the competition and hopefully allow us to establish a name for ourselves, so that by the time the big boys catch up we are already well established and primed for a takeover.
The tech is almost there. We have a decent offering. The next step is awareness. We need to promote MODE and get the name out there. Crypto is hot right now, and may end up becoming mainstream, so we need to make sure people know about MODE. An effective (and probably expensive) advertising campaign needs to kick off soon
Very possibly the market sensitive info bit. I have been in shares where BOD have made statements or claims in videos that have never materialised. They cant be held to it as it isnt an official company announcement of sensitive news, just BOD ramping. Essentially, saying something that doesnt happen isnt leaking price sensitive information
However, a slip of the tongue and announcing market sensitive information in a video would need rescinding as it hasnt been formally RNS'd. Those that watched such a video would essentially be privy to leaked price sensitive information.
Merchant service going live next week was definitely announced in the video. This is a whole new arm of the business and would definitely need to be officially RNS'd first as it is price sensitive. The fact the video has seemingly been pulled leads me to think that it was a slip of the tongue and they have tried to bury it in the hours since.
If we get an RNS next week regarding the launch of merchant arm of the business then i would suspect that is the reason the video has been seemingly pulled
Interesting point, but is this with minimal to no advertising? Perhaps they want to set up the infrastructure (ie, existence on ios and android) before then stepping up the marketing drive. The addition of the merchant service should help with the uptake and they will need to advertise it to get people using it/knowing it exists
He mentions the merchant business launching next week, unless i am mistaken. This will provide an additional income stream and should start to take off as merchants adopt it and word spreads.