Member Info for fleccy

Going off Obelix's previous posts he's likely holding 10,000,000 QBT shares and spent over £100,000 on them.

Seems to be a genuine update

https://www.mara.com/

https://twitter.com/MarathonDH

"Marathon Digital Holdings (NASDAQ: MARA)

@MarathonDH

10h Attention MARAFW Users

Please note that Bitmain's latest stock firmware update may block usage of third-party ASIC firmwares, including MARAFW, from March 2024 onwards.

We are working on it and will provide updates accordingly. Thank you!"

Neither were the Palestinians to be fair, Salman Abedi was of Libyan descent. One thing I would agree on though is that US and UK Middle East policies have wrought havoc in this country. It's about time we wound our necks in and accept that we're no longer a global power. It's an embarrassment to see our politicians trying to present us as something we're clearly not on the global stage, the only thing that supports is our nuclear capability and that's controlled by the US.

Held

I doubt he'll look at unloading his BT investment unless he absolutely has too, and if he borrowed the money via Altice UK he may have to give any cash proceeds back to the creditors if he sells. Altice UK will be ringfenced from his other businesses, and as long as BT pays dividends Altice UK will likely have the interest on the bonds covered. I'm not an accountant and I haven't investigated the financing behind Altice UK's investment into BT, so I'm just guessing like others on here.

Bouncing off cliff edges as it drops, look out below.

Correction:

"If you both grew your portfolio's to £50,000 each, your combined admin charges would total £150.00, going up to £300.00 if you subsequently grew the portfolios" to a £100,000 each, totaling £200,000.

As an example of what I'm talking about, the Halifax administration charge is £36.00 a year, so would add up to £72 for you and your wife no matter how large your portfolio is; At AJ Bell, for you and your wife, the total admin charge for portfolio's of just £25,000 in each of your ISA's would incur management charges of £37.50 each, totaling £75. If you both grew your portfolio's to £50,000 each, your combined admin charges would total £150.00, going up to £300.00 if you subsequently grew the portfolios to a total of £100,000.

A 0.15% annual management fee would be nearly 10 times our current combined administration charge. The fee's would soon clock up once your portfolio goes into the hundreds of thousands.

When I watch the Vodafone update Videos, for some reason Punch and Judy pops into my head.

Poker I don't like the way seekingalpha want my details, I assume this is the same?

https://investors.vodafone.com/sites/vodafone-ir/files/2024-02/vodafone-q3-fy24-trading-update-live-qa-transcript.pdf

https://investors.vodafone.com/sites/vodafone-ir/files/2024-03/Vodafone-Investor-Update-QA.pdf

And for people who can't read:

https://www.investis-live.com/vodafone/65b1392abacfa60c00c24f21/rgtjn

https://www.investis-live.com/vodafone/65e73dfddca7a6120026de81/qraa

Savage can you expand on what you mean? Me and my wife have share dealing ISA's and pay yearly administration charges, and commission fees on any trades, but that's it. The tax we save through using ISA's makes the administration and dealing commission charges pale into insignificance.

You can directly invest in stocks using ISA's, just like you can with a standard share dealing account, the only time it isn't worth using ISA's is if you're investments are small with any income and capital gains falling within the current allowances.

Derivatives and the various manufactured vehicles to short or bet on stocks rising are part of the big player manipulation toolbox, in my opinion; In addition there are various ways to trade Off Book (non price setting) and On Exchange (price setting).

The stock markets are a casino with the big players being the house, they can control order flows and use algo's to drive prices in whichever direction they want. I suspect the main reason various vested interests are campaigning to get rid of stamp duty, on UK trades, is because it adds to the cost of algorithmic high frequency trades where they have to move the price at least 0.5% before they can realise a profit. As an investor and not a trader, the 0.5% stamp duty is of little importance to me, since I invest for dividend returns over the longer term and the 0.5% is resolved with the first dividend payout. Personally I couldn't care less if the Government phase out stamp duty on stocks, as I don't see that raising prices; What I would like to see is ISA's only allowing UK listed stocks and various tax incentives to encourage Funds to invest in, and hold, UK listed stocks.

Either way it's a poke in the eye for the short's.

I assume this dividend cut thread is due to Uber Bear of Switzerland (UBS)? Polo Tang has had it in for BT for years.

In 2021 they said:

"The analysts said they think the pension deficit is likely to cap the dividend at 4p per share, versus the consensus estimate of 7.1p"

https://www.proactiveinvestors.co.uk/companies/news/938589/sell-bt-says-ubs-on-risks-from-competiton-pension-deficit-and-spectrum-costs-938589.html

Amazingly he either appears to move the price, or has an uncanny knack of predicting falls in the price, but his reasons for explaining his position rarely come to pass.

The last R&D update stated:

"Update on the Porting of Method A and Method B onto commercial mining rigs

The porting of Method A and Method B onto commercial rigs has proven to be very challenging. The R&D team is currently testing different solutions for the final stage in order to deliver a fully reliable product. An exact date for market roll-out cannot be provided at this stage.

In the latter part of 2023, the Company selected two target mining rigs for the porting of Method A and Method B including a Chinese machine based on the BM13XX family of ASIC chips.

Transferring the Company’s documented laboratory test results, in particular Method B, to use in conjunction to a commercial ASIC chip, has proven to be challenging and further work is currently ongoing. Due to the very specific, architectural choices in the Chinese manufacturer’s design of BM13XX chips along with no formal collaboration between QBT and the manufacturer, the Company first needed to understand the architecture of the chip and how to best implement Methods A and B. The R&D team is testing different solutions for this final stage in delivering the product, however the exact date of delivery cannot be provided at this stage."

Just an honest opinion based on QBT's updates. I'll stand corrected if anyone can direct me to any real world mining results, matching and confirming QBT's lab data results.

What are the odds that QBT's Method B will achieve 160% probability improvement in real world live Bitcoin mining?

My personal view is that in the live BTC mining world, the odds are against QBT's software replicating results achieved in the lab; My reasoning is that the Bitcoin network difficulty and hashing power skews the odds against QBT achieving their goals. If it's possible to achieve 160% probability improvement using software, then you'd expect the miners with their billions of investment in infrastructure would have also researched any possible efficiency improvements using software.

I'm not saying QBT wont achieve their goals, I just believe the odds are against them.

A legend in his own mind. His crusade is more likely to raise his own profile and grow his brand, since brand means money in today's dysfunctional financial world. His crusade is probably earning him a fortune, or will do in the future. He applied to the House of Lords for a peerage and was turned down, I think that demonstrates his ambition and motivations.

https://www.dailymail.co.uk/news/article-11903869/Martin-Lewis-says-wont-applying-join-House-Lords.html

It depends on how they decide to distribute the dividends going forward, if they decide to move to one payout per year, they might leave the next payout until the Final which would mean no further payouts in the current Financial Year. If they decide to split the dividend, along current lines, then there'll be an interim payout around next February.