Member Info for gandalfian

Ahem, https://www.lse.co.uk/SharePrice.html?shareprice=SWC&share=The-Smarter-Web

Bought in August And sold its entire stake in September for about a 50% loss about two months later?

https://uk.investing.com/news/company-news/toro-consulting-cuts-entire-stake-in-satsuma-technology-93CH-4282616

Or do you have information they have bought back in since September

Ahem, just to mention four months ago I suggested the market cap would end up at around £150-£200 million. It is now £180 million. So right at this minute I'm feeling a bit chuffed. Of course by next week I may no longer be right so I have to toot my horn in the moment where I called it, at least briefly right :)

gandalfian Posted in: SWC.PL Posts: 10 Price: 250.00

No Opinion News 30 Jun 2025 19:23

My theory? Smarter Web Company is diluting its share price while buying more bitcoin so eventually the two valuations should converge. Equilibrium. Possibly with a small premium for being ISA/Sipp friendly. But where is equilibrium? My guess somewhere between 150 to 200 million at which point with the share price reflecting the value of the bitcoin it won't make sense to issue more shares to buy more.

RG33 If you are having trouble accessing the FT site and your legitimate subscription did you try the second link for the archived page?

https://www.ft.com/content/a8ecef46-a8de-4f1f-a1be-d29505d406d2

https://archive.ph/75ysj

UK’s biggest bitcoin buyer eyes struggling rivals and FTSE 100 berth

Smarter Web Company boss shakes off recent share price slide as value of crypto holding rises above £200mn

https://www.ft.com/content/a8ecef46-a8de-4f1f-a1be-d29505d406d2

https://archive.ph/75ysj

"UserSteve Today 11:13 Bitcoin hits all time high, share price goes down"

In dollars yes. In Sterling Bitcoin peaked in january... So for the share price to increase in dollars in the USA listing but less in the Uk might actually make a bit of sense.

Not sure I can quite wrap my head around why last week there was not enough demand to buy shares at 220p but this week people will pay £10 million pounds for a share issue at 325p? I can sort of see that a share issue injects your money into the business rather than just trading with other investors. But still you end up with the same shares that were 220p a week ago, and everyone is diluted by 5% yet the shares shot up? You can't argue with the results, but nor can I quite understand it.

Incidentally as mentioned by others the Smarter Web Company is the remaining shell of C A Sperati a supplier of buttons with about a hundred years of well regarded performance as a small share with reliable cash flow. https://www.investorschronicle.co.uk/content/d74abb29-ff25-529d-a07e-4fb5955fd604 So technically it really was founded in 1907.

People don't like to admit it but the crypto industry is really just a front for button money.

Oh and I meant to say the best quote is Bluebird Mining in the FT article saying how they thought they were finished as a company. But then they announced they were getting into Bitcoin and suddenly they were saved!

Financial Times companies pile into bitcoin

https://www.ft.com/content/2379dfdb-b62b-47de-98d5-dc49be50e661

https://archive.ph/geNmj

AjBell companies buying bitcoin see big gains what could go wrong?

https://alpha.ajbell.co.uk/news/companies-buying-bitcoin-see-big-share-price-gains-what-could-go-wrong

Daily Mail basically copying AJBell but an interesting table of gains and losses

https://www.thisismoney.co.uk/money/markets/article-14853427/The-bitcoin-treasury-rush-sent-small-British-companies-shares-rocketing-6-011.html

My theory? Smarter Web Company is diluting its share price while buying more bitcoin so eventually the two valuations should converge. Equilibrium. Possibly with a small premium for being ISA/Sipp friendly. But where is equilibrium? My guess somewhere between 150 to 200 million at which point with the share price reflecting the value of the bitcoin it won't make sense to issue more shares to buy more. Which does suggest the valuation is now not as completely nuts as it seemed.

But of course the elephant in the room is what will Bitcoin do? It might double it might halve which will change everything. Despite all the ETF and Treasury money it hasn't really moved in six months, in Sterling its even gone down a tad.

In the end the founder has put £100,000 of cash in and now controls ten percent of a company with 100 million of assets. Which is impressive, if odd how it was possible.

Https://www.thisismoney.co.uk/money/crypto/article-14832533/British-bitcoin-company-goes-4M-1BILLION-just-two-months-stock-market.html

Little odd that he talks of acquiring profitable business's? I wonder what the appropriate salary is for the only two employees running a billion pound business?

If anyone missed it the Smarter Web Company made the FT last week. It is now the most valuable share on Aquiss at £450million market cap. And technically larger than several ftse 250 companies. It's not a bad summary of some of the details.

This is nuts. When’s the crash?

A very British bitcoin treasury company

https://www.ft.com/content/80019dab-78ab-4dbd-b6c5-a54ce953532f

https://archive.ph/j9K8D

Ah I see the US listing dropped 30% today which brings the two more inline. Oddly the american listing thinks it made it to $2 at one point. Perhaps it just needed time to shake things out. I wondered if a flood of American money would shoot the price up but nothing so far.

It seems to now be listed on the USA Pink Sheets? (Famous in the Wolf of Wallstreet). Listed as TSWCF and when I search google for "Smarter Web Company Share Price" it pops up a graph of its usa listing.

Odd thing is in the USA it thinks it has jumped to $1.55 or a 40% premium over the aquiss uk price. I don't really understand, whether it reflects the difficulty of getting a share from the aquiss exchange to the pink sheets exchange?

Otherwise while like a lot of people I wish I had bought the share issue at 2.5p I wouldn't touch it now. I wonder how much liquidity there really is for people to cash out much anyway, most of the transactions are pretty tiny for a £100 million firm. The whole thing is rather nuts, looking at the USA listing blurb, market cap of $300 million, two employees, zero revenue and zero income. I mean if every company that borrows and buys some bitcoin shoots up disproportionately then every company will do it, bitcoin will shoot up, the cycle will continue until? The mind boggles? Scary stuff. Fortunes will be made and lost but not by me, I'm off to dig a bunker...