Member Info for fleccy

"Correct me if I am wrong but I believe BT went ex divi today so a flat finish is in effect a 2.31p rise"

You're correct, the ex dividend drop has been entirely cancelled out.

Addison, your post is the first sensible reply I have no disagreement with, I wish you luck in your QBT investment. As far as researching QBT's upcoming products, I haven't got the time to do an in depth look into the tech they may have in the pipeline.
I've watched countless video's touting the Bull case for Crypto, and watched various video's highlighting the Bear case. No matter how much I try and understand the Crypto Bull case, I can't buy into the hype.
Outside of investing I do have a passing interest in the Quantum World and enjoy learning about such things as Entanglement, the wave function and Quantum computing in general.

"Amazing how you can drag up the accounts RNS but fail to note the Courtcase wins that I even spoke about earlier on here! These total over €12m due with interest etc added, did you skim past those or they not help the agenda you are trying to push?"

It's Fleccy not Fleecy
I haven't got an agenda, I just don't see the investment case in anything Crypto. Instead of people taking on my crypto skepticism, they chose to ignore my posts.
If and when any court wins show up in the company accounts then I'll consider them, but winning a court case doesn't guarantee payment. The company is showing low revenue and large in proportion operating costs, so unless they can significantly grow their revenue, they will be unviable irrespective of any court case wins. Just to cover the 2021 loss, they'd have to grow Revenue 600 times the 2021 revenue figure, so they clearly need to pull some rabbit's out of the hat.

Addison said "2023 will be an amazing year for all invested!"

Fair enough, tell me how QBT will grow revenue? Especially if Crypto continues its terminal decline.

"Formalisation of its creation was scheduled for the end of 2022, when the Infravia deal was announced, and a flurry of behind-the-scenes changes to company structures and personnel suggest the three owners see completion as imminent.
Companies House records show Liberty has swapped in ‘Nexfibre Networks’ as the official name for Virgin Media Networks — a vehicle it established in 2019 to pursue standalone broadband network expansion in the UK, outside of its then-fully-owned Virgin Media cable business (now Virgin Media O2)."

https://www.telcotitans.com/telefonicawatch/telefonica-and-liberty-advance-prep-for-nexfibre-uk-jv/6000.article

https://quantumblockchaintechnologies.co.uk/images/QBT_-_Annual_Report_and_Accounts_2021_c.pdf

Since no one appears to be willing to discuss and dispel my skepticism around Bitcoin and Crypto in general, I thought I'd take a quick look at QBT's last set of published results.

According to QBT's Annual_Report_and_Accounts_2021:
Revenue came in at €9,000 with an operating loss of €5.396 Million.
Disregarding share options, wages were €555,000 for the year.

Where are QBT going to grow revenue to make up for losses and finance yearly operations? The Interest on convertible bonds for 2021 was €305,000, what if the bondholders decided to take over the assets, where would that leave shareholders?
I only skimmed through the results, so if someone can enlighten me as to the future revenue opportunities and explain where they can grow enough revenue to cover yearly operations, I'd be grateful. If I'm looking at the company in too simple terms, maybe someone could explain what I'm missing?

"BTC coin will most likely be worth between $800,000 and $1 million in ten years."

I remember reading similar rhetoric leading up to the height of the Dotcom bubble; No matter how high a company valuation climbed, articles would appear saying it will double, or treble going forward. We all know what happened when the Dotcom bubble burst.
What I'd like to know, is how something valued purely on a cult belief basis can draw the rest of the world into believing? Bitcoin is currently valued at $16,523 per coin, so to reach $250,000 it would have to increase in value by 15 times its current value, or 60 times to reach a $1,000,000 per coin. Some of the US tech valuations have been ridiculously high, but the air is leaking out of that bubble as the era of cheap money comes to an end. I suppose it's possible the "Whales" could keep buying and selling to each other to create fake value, but that would be an illusion and would still require the masses to eventually buy into the vision, before the Whales can free up the cash for other investments. Unlike investors like me, who can leave their cash invested indefinitely, the Whales will have limited time scales on their investments.

"Bitcoin will do to banks and banking what email did to stamps and the post office"

Good luck getting a Bitcoin Mortgage, or loan. I've read that transfers utilising smart contracts, for house purchases and other transactions, using Blockchain might be possible, but it would take a major shift for that to happen and it's unlikely current Crypto would be used; It's likely solicitors, etc, would use systems that are tried and tested, not "Wild West Frontier" methods involving Crypto. If the current Crypto applications were considered as prototypes, then they've failed to better the current financial system in virtually every sense and the narrative being spun that they're new so you can expect hiccups is clearly false, since Crypto currencies have been around for over 12 years.
The Crypto exchanges create their own coins out of thin air, assign value to them and add them to their balance sheets as assets, what could possibly go wrong?

"AI is the bigger picture here. Whatever FG and his team are working on, it is going to be very exciting next year to be an investor here."

I've no doubt that companies successful in producing good AI applications, will do well in the future. AI is set to become massive, but there are a lot of companies moving into the space, what is QBT's AI innovation and what sets them apart from the competition?

"Fleecy, why don’t you go post on ARB or all the other Bitcoin mining companies?"

As I explained when I first posted here, QBT was listed amongst the hot chat topics and since anything Quantum interests me I thought I'd take a look; When I looked at the company I realised the company was linked to Bitcoin and I thought the enthusiasts on here could dispel my skepticism of crypto. I've got nothing against QBT and can only go off the information on their website, so don't take my crypto skepticism personally because I have no idea how good or bad QBT is as an investment.

"dollar will collapse and Bitcoin will gain momentum as there is only a limited supply"

You appear to be banking on Bitcoin becoming the World's reserve currency, but the chance of that happening is incredibly small to non existent.

"There are plenty of people using bitcoin to avoid the tax man, also wire transfers across the globe without the fees. I'm sure many illegal trades are fulfilled using Bitcoin on the dark web aswell, arms drugs and hitmen..... Then there are plenty of very wealthy backers of BTC such as Elon who will sell you a Tesla using BTC"

Tesla did briefly sell cars for Bitcoin, but Elon soon changed his mind using Bitcoin mining electricity usage as an excuse.
The more Crypto is used for fraudulent and criminal enterprise, the more likely countries will ban usage. Anything taking a nation states ability to control its own currency away, is sure to eventually face a conversion ban. It's naïve to believe the Dollar will be replaced by Bitcoin, as the dollars use as the world reserve currency is due to US economic soft power, backed up by the hard power of their military.
Bitcoin appears to be too volatile to serve as currency or as a store of value. As I mentioned in a previous post, mobile apps like M-Pesa are serving as a means to trade in third world countries, so further weakening the case for a crypto alternative. Crypto fast money transfer is only possible in the absence of regulation, fast money transfer is possible within the current financial system if regulation is ignored.

"…off topic…go to the pub and find a mate"

I don't drink, I don't smoke, I don't invest in Crypto; I do go to the gym, I do eat well and I invest in dividend paying stocks which, in my opinion, have good cashflow and prospects.

Admittedly I am a Crypto sceptic, but instead of filtering me shouldn't people prove me wrong by putting forward valid arguments supporting their belief in a bright future for Crypto currencies?
If anyone on here can tell me of a real world use for Bitcoin, that can't be done better within the current financial system, then I'll look at it with an open mind.
Bitcoin bulls argue that Bitcoin is a store of value, like Gold, but this argument is only valid if everyone takes the same view, and is dependent on the bulls convincing everyone else that Crypto is real. I also don't invest in Gold as it doesn't pay dividends, but Gold does have real World uses as demonstrated by my wife regularly viewing QVC and the Jewelry channel. A classic metaphor for Crypto currencies is the Emperors new clothes, since their value is based entirely on belief and they're worthless if the belief evaporates.
I do see uses for Blockchain, and Central bank backed stable coins with the value locked to the respective currency, but the Central banks wouldn't need to use existing Crypto currencies, or infrastructure, they could just create their own coins and infrastructure.
I doubt I'll get any valid arguments supporting the Bitcoin bull case, since belief in Crypto could be likened to religion and intangible to all but the believers.

"RT003 - what an insightful post please enlighten the rest of us as to why you are so sure."

The most obvious reason is because they're both cheap. There are quite a few hints, from analysts, that they'll be looking at UK value stocks in 2023. All it will take is a few positive signals and the herd will start to move.

https://www.youtube.com/watch?v=2AaIcCAHVvg

https://www.trustnet.com/news/13349896/uk-equities-in-the-foothills-of-a-renaissance-as-we-enter-2023

"Watch this (and BT) move sharply north in the new year"

Hopefully not until I've reinvested my dividends in February.

https://www.youtube.com/watch?v=oUHzkoa8lwU

"Lots of random chat on here today from people I’m not sure I recognise."

It isn't random to discuss Bitcoin's future, as QBT seems to be heavily tied to Bitcoin's success through their mining related algorithm. It may be that QBT's product offerings still have value should Crypto Currencies suffer terminal declines, which is worthy of discussion. I'm not invested in QBT, but I'm interested in the future of Crypto currencies.

"paper no longer supported by Gold.....supported by thin air and wishful thinking.....or printing more."

I don't think I'm gullible, I had a mortgage in the late 1980's/early 1990's and saw high inflation and high interest rates, so I understand the effect and aftermath of such events. The truth is, financial crises come and go and are a side effect of the system, but most assets hold value over time, with dips in between. In the US it's stocks that are the focus of investors, in the UK it's been property. Clearly US stocks and UK house prices can't go up forever and it's the job of the Central Banks to smooth out the bubbles. The success of the Central Banks is measured by their ability to prevent boom and bust cycles.
When Bitcoin price increased in 2021 and climbed above $64,000, in November 2021, much of those price increases were driven by many US citizens investing stimulus cheques, with the rest driven by low interest rates and leverage chasing ever riskier returns. Crypto has been pumped up by money printing more than any other asset and deflated even quicker as the era of cheap money is coming to an end; Why fans of Crypto detach the value of crypto from the macro financial environment is beyond me.
FTX investors didn't bother with due diligence, throwing caution to the wind and demonstrating the irrational exuberance typical of bubbles. The so called smart money, wouldn't have thrown so much at FTX if they'd been able to get returns elsewhere, so the rise of FTX and Crypto in general was facilitated by low interest rates which is part of the Fiat money system.
In summary, the Fiat money system aided the rise of Crypto and it will lead to its downfall.

"is being printed to extinction.....a house of cards propped up by low interest rates or more printing...Don't you understand that?"

The difference between Fiat currency and crypto currency, is that Fiat currencies are backed by the respective Central Banks, whereas Crypto currency doesn't have any institutional backing or guarantee's.
The inflationary and deflationary forces affecting the value of Fiat currencies are well known and understood, but there are other ways to protect yourself against those forces. During the Weimar period Hugo Stinnes earned the title of "Inflation King", by using "his access to hard foreign currency during the period of inflation in the Weimar Republic to borrow vast sums in Reichsmark, repaying the loans with nearly worthless currency later." My point is that Bitcoin is no more real than Fiat currency, the only difference being that Bitcoin isn't backed by anyone and has no protections against loss due to hacking, etc; When the Crypto Exchanges get hacked and customers lose their Crypto, the Exchanges wash their hands of any responsibility.
Clearly inflation's a problem for cash holders, which is why I invest in equities paying dividends, that have the ability to pass inflation related costs onto their customers.
I don't invest in Gold or Bitcoin since neither pay dividends and both can be easily manipulated. In my opinion, the stock prices of Equities can also be manipulated, but I can reinvest dividends while the price is low and take a capital gain at some point in the future, in the meantime I can realise growth through dividend reinvestment and have the choice to take income if I don't see value in reinvesting dividends.
The narrative about Bitcoin having a limited supply is also false, since other Crypto currencies can be created and marketed as an alternative product doing the same thing. Look no further than Dogecoin, a Crypto currency created as a joke that has somehow been given value, try spending monopoly money next time you go in a shop. The reason Doge has been assigned value, by the Crypto world, is because it's fundamentally no different than every other Crypto Currency, it was created out of thin air and is therefore indistinguishable from the rest of the pack, "Don't you understand that?"

"about BT and Vodafone"

I assume that was aimed at me; So instead of defending crypto directly, you shift the narrative by throwing in a random comment about where I regularly post. BT and Vodafone are real companies, owning real assets and paying real dividends.
I've got nothing against QBT as a company and I can only judge their product offerings from their website. As far as I can tell, QBT are banking a large part of their future on Bitcoin mining, so I would love for someone to explain to me where Bitcoin and other Crypto currencies have utility?
I admit to being a long term sceptic on Crypto currency and I've watched many Youtube video's on the subject, but no matter how much I try and open my mind up to the concept, I can't see Crypto currency as anything other than casino chips in some sort of virtual global game.
The only current real world use for Crypto currency might be fast money transfer, but that's only the case because it's currently unregulated. The current systems can transfer money instantly, it's only protections against criminal activities like fraud and money laundering slowing things down and adding extra costs.
How can something as volatile as Crypto currency be a store of value? Clearly it can't; Especially since it has no tangible value and is inferior to current systems.
There are known issues around NFT's in relation to copyright, since the creator is the only person with the right to copy, distribute, alter or publicly display the "art". Are NFT's an attempt to assign more value to a digital assets, beyond the value earned from the original creation? Something along the lines of a JPEG creator getting paid royalties, like a songwriter or composer would for a piece of music. How would the creator claim royalties across jurisdictions? When many countries don't recognise resale rights, so the creator of the art may have no legal way of claiming their royalties. If NFT's do take off, no doubt the lawyers will get rich trying to determine what does and doesn't infringe copyright, maybe someone should build a virtual courtroom with AI lawyers, Judges and Jury's. What's the difference between virtual and fake and where's the dividing lines? Are digital images really art, since they're just a series of dots organised into a pattern and stored electronically, whereas art created with a brush and canvas is tangible and viewable in the real world.
So, can someone educate me as to the real life uses of Crypto currency and how they can replace established systems and currencies in a simple safe way? Because I'm yet to see a realistic argument in favour of Crypto over Central Bank backed currency.

Massive regulation of Crypto exchanges
Bitcoin and Crypto prices will collapse.
The house of cards will fall, with Binance, Genesis, Grayscale, DCG, Coinbase, etc and the miners either going bust, or disappearing into obscurity.

All this didn't start with FTX, the cards started falling months ago. FTX is just latest victim of Ponzi scheme known as crypto currency.

''my biggest fear here is what will happen to the share price if the dividend is reduced or cut''

I've conditioned myself to expect a new CEO to cut the dividend, not because they need to, but because the market is pushing for it. There's no way the market would push a stock price down to a level yielding 10% dividend, if it wasn't pushing for a dividend cut in the background. If the dividend is maintained ad-infinitum then it's a bonus.
Disregarding the dividend, I'm more interested in finding out who the new CEO is, because I suspect there's more to Read going, out of the blue, than is speculated in the press. I'm still of the opinion that some sort of talking may have occurred between Verizon and Vodafone; Whether, or not, I continue to speculate on a merger between Vodafone and Verizon will depend on the appointment of the new CEO.