Member Info for Globex

Looks very good indeed and well deserved share price boost

True ste second half of year always stronger but implying +£100m net inflow for H2 might be tad optimistic

"The last accounts show cash in bank and in hand at c£480m."

Wrong, that was for the year ending 2022, since then they've published interims with a lower number. If you are going to use figures in thread title try and get it right otherwise it's misleading.

They didn't report £500m cash, this is where you need to be wary of THG doublespeak. In the opening paragraphs of their reports when they say "cash and available facilities" they are including the unused part of their revolving credit facility.

It would be like you having an unused overdraft of £200, plus £200 balance in your bank, then posting on here you have £400 cash. While also not mentioning your bank loan.

Internal mistiming was my first thought, it looked too sophisticated for your typical low grade spoof that would typically say send me btc and I'll send you double back. But the hack theory is made more credible by rogue accessor pushing their luck with second tweet saying $BTC, plus our esteemed head of US securities not having 2FA enabled https://www.coindesk.com/policy/2024/01/09/sec-twitter-compromised-chair-gensler-says-after-account-said-bitcoin-etfs-approved/

These sorts of shenanigans only seem to happen in the crypto sphere, you have to laugh really.

Should be qualified that Cavendish are being paid for by Chamberlin as the broker they use. Because they're not independent they wouldn't give a negative assessment about their customer.

Does look promising with key resistance finally breached today. With the company's leaky recent history in mind especially probably a good sign. Unless market has simply remembered it's not all that long until February.

Gary should feel obliged to deliver the goods sharpish (before 2:30pm today thanks), least he could do after that absolute clanger last night. Otherwise he's at risk of becoming like a character from a bad vintage sitcom that keeps falling over.

Do love crypto for the entertainment value alone, can't imagine bond traders get this much excitement.

Gary is now trolling us all with this plot twist. Wouldn't be surprised if tweet he tells us he's gone all in on Bonk.

Haha you couldn't make it up. I would switch broker, can't stand that when firms try to restrict what you do with your own money.

Biotechs and pharma companies get shorted all the time for all sorts of reasons, just like any other sector. Welcome to a free market. No point getting emotional about it.

Thanks LongInvestor. Truly feels like we're at the final lap now.

It's pretty ridiculous btw that (assuming SEC gives them the final nod) the FCA are unlikely to allow UK investors access to these. I mean right now I can (and do tbh) trade for example something as obscure and risky as a Natural Gas 3x derivative within an ISA. But somehow not an ETF backed by actual bitcoin provided by the biggest fund manager in the world.

Also mining is so completive by design I can't think of any other industry where other players are more relevant. With all of them being on the same network, using the same/similar hardware, yielding the same finite/diminishing asset, they're all so interlinked that investors will naturally follow a range of them. Posters here discuss others for good reason.

With successful miners now making noises about M&A there is bound to be even more cross-pollination post-halving. All miners are relevant here as far as I'm concerned, the more the merrier. The key thing is nobody should feel like they have to self-censor.

Consolidation seems inevitable across the industry, there are too many small to medium sized managers chasing a diminishing (in real terms) amount of funds. Jupiter has looked excellent value for ages now but not surprised it keeps falling when the sector is so bearish.

I like the stock and do think they're doing pretty much all they can, but my concern is about lack of demand recovery. Passive over active continues to gather momentum, UK stocks remained unloved, meanwhile UK retail investors are still not buying enough equities. Jupiter have no control over any of these factors, but the impact they've had over its long term outlook have been a bit of a disaster to the company.

Glimmer of hope is prospect of interest rates cuts switching things up again.

Looks like tricky trev may have fallen victim to the sunk-cost fallacy here

Why would a miner be paid a premium for the same asset available elsewhere at at a lower price? It's certainly not for custody benefits because the custodians have already been declared in the filings and no miner mentioned. This might be a new field but pari-passu principle still applies.

Good posts red_rag, agree fully with your ETF bullishness as far as btc goes but I don't foresee miners being paid a premium when the intermediaries could buy futures, or spot on wider market. More broadly I'm sure an ecosystem of derivatives will evolve to take care of the plumbing.

The other day Atrades was criticising people for talking about non-Argo miners as we have done freely forever, now he's telling someone they're wasting their time posting an ETF related tweet because he doesn't like Argo either? So really he doesn't want anyone to talk about any miner at all??

These wannabe forum censors are the worst. People can post whatever they like, get over it.

Good result seeing Bonnier and his proxy off the register, after all these years of him holding never thought it would happen. Potential catalyst . With Candy gone the register would be virtually wrongun free (apart from that idiot b3rhunter with his miniscule holding).