Member Info for Globex

Exiting Africa a good shout and needs to happen pronto, this would be much more investable then. Won't be a silver bullet though, because the value achievable from the African business will be depressed in GBP terms to correspond with its earnings. Won't help that Naira giving up its recent gains, down another 25% vs GBP in last 5 days alone.

St Tropez will be a much easier sale, easy to imagine it finding a willing buyer from likes of Procter & Gamble, Haleon or Unilever.

For a company with a history of insider trading, when the share price continues to fall off a cliff it's all you need to know. Uncertainty isn't so much whether they'll crash the car, but how they'll do it. Imo it'll be covenant breach.

LSE becoming a bit of a scapegoat these days

Fwiw Galaxy loan had an amortization schedule of 32 months beginning Dec 22. Assuming that schedule remains unchanged final payment would be around Aug 25. Interest on that variable based on overnight fed + 11% - putting it at over 16% annually.

Glanbia have the benefit of being vertically integrated too, all the way back to the farms. Shows in the nutritionals, they are able to charge a premium as it's the better product.

That alone shouldn't be a THG killer in the sense the sector is big enough to accommodate premium/mid/low end brands. The challenge is if you're not Glanbia you're buying whey from general wholesale. No barriers to entry there, anyone can do it. Result is an explosion of competition of brands in the mid to low end, and it becomes a race to the bottom.

It was quite telling Mara finally had its first 10%+ day in ages only once it mined 9 blocks or so in previous 24hr period. Despite the madness of this sector, it's true market is behaving pretty rationally in lots of ways, with tangible progress being rewarded rather than just promises, or rampy words from execs that like to put out a lot of videos.

Overall things feel much more mature now than 2021, bit more cynical too, understandably so given the 2022 aftermath, nobody wants to be left holding the next Argo.

That's an alarming anecdote but not all that surprising. Mad has the same tone in his social media stuff, lots of emojis, he seems to find it all a bit amusing too, there isn't the humility you'd expect from presiding over a company that's now made cumulative losses of £1bn+.

Cash flow wise last year's annual report does have a rare lucid moment stating: "free cash flow positive from 2024 onwards." Can't see it ending will if that's another goalpost that gets moved.

Been a good post-halving so far 👍 Fees still elevated, who knows how long that lasts, not as crazy as the weekend, but still it's pretty surreal how at a quick glance if you were to look at overall rewards now, it's almost as if halving didn't happen.

Same appears to go for hashrate at the moment too. I'm sure some miners that planned to pull older machines offline will have decided to keep them chugging along for longer on account of these fees. While that's the case difficulty will stay high too of course, so swings and roundabouts, but I don't think the market or anyone serious was ever banking on a sustained difficulty drop.

It is a bit absurd how cheap this is now, despite everything.

They can't do much about unstoppable rise of passive funds, but there will always be a place for active management, albeit on a smaller scale long term. Where they have more chance of seeing the dial moving in their favour more is UK market malaise surely getting close to, or past its peak now. FTSE100 hitting ATH has to help wider sentiment.

They need to stem the outflows for market to believe in it again, and if UK is seen as less of a dog that'll improve the odds. So will rate cuts in summer.

Looking increasingly like Xenon has issues that might go beyond Nanoco

This Japan forex excuse for nutrition is starting to wear a bit thin now, they've had plenty of time to reprice accordingly and when you look at the regional breakdown, "Rest of the world" category it's grouped into makes up a relatively low proportion of overall sales.

Credit where it's due real blockbuster day for Riot. Only last week it looked a bit hopeless and was hitting a 52 week low, so guess it had more ground to make up, but shows how quickly fortunes can change in this game.

Most miners are part of a collective pool where rewards are distributed proportionately to correspond with the degree of hash they've contributed within that pool. ( Mara are slightly different from other miners in that they run their own pool.)

Luck does come into it in the short term, eg some pools will have a particularly decent run - and we have these extreme examples at the moment - but over time it's essentially a democratic system where rather than luck, the more hash you contribute, the greater the reward.

Unexpected twist to see fees going this mental, what a gift to miners just when it was needed. More like a doubling than a halving at the moment!

I'm sure the fees will settle down over time, but even if temporarily sky high it has to help sentiment demonstrating how fees can more than make up for new lower block reward.

Desperate times if someone's using his death to ramp OBD.

News this week of a test developed that is able to differentiate between slow and fast-growing versions of the disease - unfortunately for OBD looks like their test at risk of obsolescence before it even undergoes a proper trial.

https://www.independent.co.uk/news/health/university-of-michigan-prostate-cancer-mri-psa-b2530936.html

https://www.michiganmedicine.org/health-lab/new-urine-based-test-detects-high-grade-prostate-cancer-helping-men-avoid-unnecessary-biopsies

Mara finally get a small bit of luck with a unicorn 9 btc block. Safe to say nothing close to that will ever happen again.

Can't help but wonder if this layer 2 stuff might be a bit of a distraction for Mara at the moment when they still appear to have outages, albeit maybe improving over last day or so. Might have been unlucky timing but it was quite telling their

Anduro launch was met by market indifference.

I'm a purist but can see that if these sidechains can eat away at some of Ethereum's USP, ultimately that has to be a good thing for btc. And if fees are boosted as a consequence all miners win. But all a bit intangible right now

Maybe by inflection point Brian was referring to his net worth?

These are coming thick and fast, following Lombard's immaculately timed exit now it's directors turn, albeit not selling everything but certainly selling consistently. They've even wheeled old that old chestnut of 'selling for tax purposes'. You have to laugh really.

They've played a blinder here, anyone would think they had an inside track?