Member Info for ICB888

Closed Up 3.6% at 37p following a 100000 UT at 37p taking today’s volume to 1.032 million. Today’s volume is much higher than the volumes we have seen all year apart from just under 1.1 million on 4th April. This is the highest closing price in the last 6 months. Let’s hope good news is imminent.

We have seen 3 large uncrossing trades so far today all at 37p, are we about to see another one at the close ?

Getting a few sells now at 37p which are needed for the buys that are waiting for stock to be available. Highest price paid so far 37.9999 for a 12800 Buy.

CNR is moving Up now with a 10000 buy at 36.999.Currently Up 2.2% at 36.5 on volume of 271000.

Blu button you mention the possibility of pulling a Dynasty ipo if current market conditions continue. It should be noted that they haven’t got an IPO to pull at the moment. It seems the discussions with big Tech are continuing and that a sale to Big Tech or a large buy in by Big Tech is the most likely outcome. An announcement on this could come at anytime as the discussions have been ongoing for several months now. The IPO should have been happening now but they have clearly decided to continue their discussions.

The UT this morning was 250000 at 37p. It looks like this wants to continue its rise.

I also can’t get a quote to buy on Barclays but they would quote for a 50000 sell. Who would consider selling at the current price with the FS due any day. I suspect the answer is at the moment very few if any. They will have to raise the price to enable some trading to take place.

We are awaiting major news from Satoshipay and Dynasty. We know both are progressing well because we had an update about Dynasty and although not by RNS Pendulum are issuing a steady stream of information. The Directors of BLU cannot control the news flow from the companies we have invested in and so can’t just issue an RNS unless the investee company has issued it. If you don’t have patience then this is arguably not the right investment and you may want to consider selling. But bear in mind news could land tomorrow.

OK so you don’t think the Buffett deal is relevant as an indication of how gaming companies are being valued. So how about this one which involves IMG Arena who own 22% of Leap:
“ Endeavor Group Holdings is set to buy OpenBet, a sports betting company, for $1.2 billion.

Endeavor will pay $1 billion in cash and $200 million in common stock to Scientific Games Corporation. The deal will complement Endeavor’s footprint in sports betting anchored by IMG Arena, which works with over 470 sportsbook brands worldwide to deliver official live streaming video and data feeds for around 45,000 sports events annually.

The combination of OpenBet and IMG Arena aims to deliver official data and video streams, premium content, mobile products and betting technology solutions to sport leagues, federations and sportsbooks worldwide.”

Buffett still says he wouldn’t give $25 for all the Bitcoin in the world so he hasn’t changed his view. Apple is now his largest holding. I find it interesting that Buffett is going big on gaming now but if you think that is not relevant that’s upto you but if you understand `Buffetts buying criteria you should understand that the people who sold to him are the ones who have made the wrong decision.

Warren Buffett is well aware of the state of the global economy and share markets. He has just made his largest investment for some time investing US$6 Billion in a gaming company that Microsoft are going to buy. LEAP is vital to IMG and Endeavor who are also involved in a major transaction. The value of Leap increases by the day and there is every reason to believe Ed will achieve his minimum market cap for SEED of £50 million when LEAP is sold. The timing is outside Ed’s control but as he said several months ago he is not concerned about the delay because the value keeps rising. Patience is required but if you don’t have that and think you can do better elsewhere then as Matador said sell here and buy elsewhere

Warren Buffett is well aware of the state of the global economy and share markets. He has just made his largest investment for some time investing US$6 Billion in a gaming company that Microsoft are going to buy. LEAP is vital to IMG and Endeavor who are also involved in a major transaction. The value of Leap increases by the day and there is every reason to believe Ed will achieve his minimum market cap for SEED of £50 million when LEAP is sold. The timing is outside Ed’s control but as he said several months ago he is not concerned about the delay because the value keeps rising. Patience is required but if you don’t have that and think you can do better elsewhere then as Matador said sell here and buy elsewhere.

Many thanks to SHC and Jimmy for your comments on the Namibian assets. As you know in 2020 CHAR wrote off US$ 66.7 million in relation to its interests in Namibia and Brazil such that they are currently valued in the accounts at zero. Do you think that in due course they will be worth more than the amount that has been written off.
I think that with the new global energy crisis the attitude to oil has changed as everyone realises it is needed and will be needed for a long time. ESG funds have had to rapidly change their views on gas and the view now as far as Africa is concerned is that it would have overtones of Imperialism to say they can’t use their oil.
Personally as a long term holder of CHAR I would like to see them make a good return on their assets in Namibia and Brazil. I invested in an oil exploration company and would like to reap some rewards from oil as well as our gas assets in Morocco .
Let’s see how they play it but it would be good to have this oil as a fourth profit centre to add to Anchois Gas, Renewables and Green Hydrogen.
This company gets more exciting regarding its potential value with each day that passes.

I just watched an interview on II with an oil and gas analyst from Panmure Gordon. At one point he highlights Total and mentions that it has been reported today that the Total discovery is probably the largest deep water discovery ever at 13 Billion barrels! He says if this is the case it will lead to a stampede of oil companies to Namibia. CHAR were right when they focused on Namibia a few years ago and should now be able to capitalise on their interests there for serious money. I would be interested to see if Jimmy or SHC would like to update their previous comments on Namibia and it’s value to CHAR in the light of this new upgrade.

Many thanks for the recommendation to listen to the Torsten interview. It is a must listen for anyone interested in Satoshipay and Pendulum. I have even more confidence in how successful this is going to be having listened to it. I feel a further addition to my holding is imminent!

Rapid bursts of AT trades are taking the sp and volume up. Now at 21.6 down just 0.5% on volume of 2.8 million.

BLU has now gone blue Up 1.6% on volume of 24 million.

We have only had 3 RNS all year 1 in January and 2 in March so we must be due at least 1in May. Hopefully it will be the big one we were expecting at the end of March, which should make share prices in the 30p’s a matter of history.

I am well aware of the historical closing high but that is irrelevant to where we are now . I am sure everyone knows the point I am making but to avoid doubt 24p is the highest closing price in the last 7 years. The optimistic view supported by some unrisked valuations and we should get some more following the CPR is that we could exceed the 270p you mentioned .

CHAR just reached 23.9p which equals its previous closing high set on 14th April. There was an intra day high of 26.9 the following day which retreated before the close. We are close to setting a new high which would be a good way to start the new month.