Member Info for ICB888

The £2.7 billion valuation placed on Playtec has to be good news for Leap as it shows the great interest that there is in its market place. This has caused mark ups in value of many other companies in the sector. There are other mega deals in progress as the sector consolidates.
Leap has been presented many times as strategically important to IMG Arena. Just my view but I would be very surprised if IMG are not very keen to secure control of Leap. I would expect IMG to make SEED a very generous offer for their share of Leap rather than having an IPO. In the current climate a deal could be announced at any time in case someone else makes a move for Leap who already deal with many of the large players.

A good RNS this morning announcing a presentation at a very upmarket hotel in London where investors can actually meet the Directors in person. This sends a very positive signal about engagement with shareholders. I wouldn’t be at all surprised if they have some further news to announce in the run up to this presentation!

A good RNS this morning setting out all the work that has been done and is nearing completion as the project moves towards production at pace. Plans are being finalised and packages are going out to tender. It seems that every effort is being made to accelerate towards production. It should also be remembered that completion of this study in the very near future will give potential bidders everything they need to know to make a bid.
Excellent news and gold is also up to 1779.

AEX is Up 14% at 0.75 but for some reason lse is showing the price of the 8am uncrossing trade 0.652.

tonyfabrizi15 Oct '21 - 08:04 - 1824 of 1824
0 1 0
I see my suggestion we wait for formal news went down well with certain posters on these threads!

I dont care what spookie KP think about the Blue portfolio as they clearly have their own agenda and fair enough. They may hold their views honestly or they may simply be trying to lower the price. Personally, I have no interest in their views and I suspect most sensible posters feel the same.

Since most of the criticism on the BB centres around SatoshiPay lets take a look at this investment from a Blue perspective.

Blue has so far invested £1.8m in SatoshiPay and owns almost 28% of the company. The last fund raising in SatoshiPay with outsie investors valued the Blue stake at circa £5m.

Over the past 2 years SatoshiPay has managed to raise funds from SDF with no dilution to equity holders, this is a great achievement but completely ignored by certain posters. It has diversified away from micropayments to money transfer and now further developed with Pendulum. Pendulum is the key development in my opinion as this is building core infrastructure for Stellar Development Foundation, now worth over $9bn. I suspect SDF will want to own a lot more of SatoshiPay as Pendulum grows.

The funding raised through Pendulum will help fund SatoshiPay for the foreseeable future, so limited further dilution for Blue and other SatoshiPay shareholders. Pendulum will also generate fees for SatoshiPay and assist with the development of Dtransfer.

So from Blue's perspective we are about to enter a phase when the value of SatoshiPay could rise significantly.

We all agree that Dynasty is doing very well and is valued on last raise at £5m in Blues books. On flotation next year it's probably worth £10m to Blue.

In summary, Dynasty £10m and SatoshiPay anywhere between £5-10m. NAV of £15m to £20m ignoring everything else so 0.30p to 0.40p per share.

I will not be commenting again until we have the news on Pendulum.

The usual nut job derampers on another thread continued their Satoshipay hating campaign and their attacks on Tony. I think his response above gives good reason for optimism for shareholders.

It is a pity CNR has had a poor day today because gold has had a good day moving Up strongly currently 1793.5

We had 5 RNS during September with the last one on 27th September about the Green Hydrogen project. How is that a complete lack of news flow?

It is worth remembering some FFWD history to see where a lot of our big shareholders need to get to for their investment to perform. They clearly saw a lot of potential:
28 January 2016

FastForward Innovations Limited

("FastForward" or the "Company")

Placing

Director Dealing

Further to the announcement by FastForward Innovations Limited (AIM: FFWD) on 11 January 2016, the Company is pleased to announce that it has today agreed to place 37,426,901new Ordinary Shares of 1p each (the "Placing Shares") at a price of 15p per Placing Share with a number of new and existing investors thereby raising US$8 million(£5,614,035 at an exchange rate of £1:US$1.425, being the rate on the date the Company determined the terms of the placing)before expenses (the "Placing"). The proceeds of the Placing will be used to assist the Company in making investments in accordance with its investing policy and for general working capital purposes.

In accordance with the terms of subscription letters signed by investors, payment for the Placing Shares is due by 5 February 2016. Subject to payment, application for the Placing Shares (which will rank paripassu with the existing Ordinary Shares) to be admitted to trading on AIM ("Admission") will be made with dealings expected to commence at 8.00 a.m. on 11 February2016.



The Company expects that the enlarged issued share capital following the issue of the Placing Shares will be 134,108,445Ordinary Shares (the "Enlarged Issued Share Capital").

Commenting on the Placing, Chief Executive Officer Mr.Lorne Abony noted:

"I am delighted to close the Placing today at a premium to our market price. The Placing was significantly over-subscribed. The fact that the Placing was over-subscribed is a very positive indicator for FFWD, given the global market conditions and the fact that we did not offer this placing to institutional investors. In addition,we are pleased to note a number of high profile placees, well known in the market as "smart money" investors, including Gigi Levy-Weiss, Norbert Teufelberger, Jim Mellon, Stephen Dattels and Russell Geyser; all of whom I believe will add considerably to FastForward as it grows its capital base and investment pipeline over the coming months."

The possibility of a Partner coming on board was certainly envisaged at the time of the fund raising as evidenced by this statement in the RNS:
Magna Capital LDA (of which Adonis Pouroulis is a substantial shareholder) has conditionally agreed to underwrite up to US$7.85 million (£5.57 million) of the Fundraising by subscribing, in two tranches on or before 31 January and 28 February 2022, for new Ordinary Shares at the Issue Price (the "Underwriting Commitment"). Mr. Pouroulis has personally sub-underwritten the Underwriting Commitment. The Underwriting Commitment is transferable at Magna's sole discretion and shall reduce in equal proportion to any funds received separately by the Company from the Open Offer, a farm-in or a fundraise

The market did react quickly with 27 of today’s 41 trades taking place after 16.24 to close Up 3.9% on volume of 800000.
One would expect that volume to be quickly exceeded tomorrow morning. A very positive end to the day.

A troll on another thread was suggesting coal is finished and Wind is the answer to Bangladesh’s power needs. I felt this needed to be addressed as it is complete nonsense.
No one has ever suggested that Bangladesh is not interested in Renewables. Indeed they should be interested in renewables to have as part of their energy supply system. The point that has been made is that renewables will not be able to produce the required energy for decades if ever. Just like every country on earth coal oil and gas are vital to providing enough power when it is needed.
We know only to well in UK that we have recently had to use coal fired plants because we haven’t had enough wind and the gas price has gone up massively and we are highly dependent on gas. Currently China due to a shortage of coal is having blackouts and closing factories which is affecting their economy.
Coal, Oil and Gas even after all the efforts made in recent years still make up 80% of our global energy mix.
The price of gas oil and coal is rising rapidly. Countries like Bangladesh simply can’t afford those prices and as they have to be imported and they have no energy security. It is an economic and energy security imperative that Bangladesh starts mining the high grade coal at Phulbari for its own as it will be more affordable than any alternative. Hasina’s party is not going to be re elected if the factories start closing and peoples homes have blackouts.
Excellent article in last Weekend FT by Merryn Somerset Webb entitled “Gas crisis shows why we must stop demonising fossil fuels”.
Once we have got Boris’s wife’s Climate conference out of the way the Chinese will just carry on as before and Bangladesh will need to start mining coal. China has said its peak emissions will be in 2130 so they aren’t stopping or reducing coal anytime soon so why should Bangladesh do otherwise.

Ed if I recall correctly has compared Leap to companies with a market cap of £100 million plus. So I am expecting close to £50 million for our share of Leap. Leap is clearly growing very quickly as are the markets in which it operates. It is vital to IMG. We should expect a large number and hopefully it will surprise us all.

I see that the post where IMG needed to perform a bj to get £50 million for Leap has been removed. My comment is I hope that is £50 million for SEED’s shares in Leap and not the total value of Leap.

Very interesting indeed. I saw this reported in one of the Weekend papers here and thought this is just the sort of project Chariot’s Renewable Power company would be interested in. It is also good to note that Morocco has perfect conditions for reliable solar and wind power. Chariot looking very promising on both business fronts. Perhaps you should forward a copy of that article to the CEO of CHAR.

I can confirm that I spoke with Tony yesterday and we are on the same page.

Simon covers the investment case in detail but I thought that his references to the current European gas situation may well get the attention of a wider investment community:
The Anchois development plan consists of two initial subsea wells tied into a subsea manifold with an offshore flowline connected to an onshore gas processing facility. A short pipeline will then connect to the trunk pipeline to Europe, thus enabling access to the growing Moroccan energy market and the European gas market. The appraisal drilling couldn’t have been better timed with European gas markets in turmoil following Gazprom’s decision to reduce supplies to the Continent, thus highlighting the need to find an alternative and more reliable source of natural gas.

Keith
Now is not the time to lose but I agree with you that being a long term holder has not been an easy ride. I remember getting quite excited when it went up to 0.6 about 4 years ago. Fortunately I was in before that rise but it is worth noting the dilution that has occurred during that period with over 3x the number of shares now in issue. We really don’t want further dilution until the sp is much higher. Giving non executive directors options for presiding over a continuing decline in the sp is a disgrace and should be scraped or altered such that the exercise price is at NAV per share rather than the current sp.
But if you look at the posts from Tony Fabrizi that I recently posted below, I think you will find reasons to be hopeful that Satoshipay is about to come good.Then with an IPO for Dynasty not too far away we should be looking at better times for BLU.

There is talk on here that you could leave SEED for 3 months and still buy back in before the LEAP IPO which will transform the NAV of the company and the sp.
However there has been discussion today about Endeavor/Leap due to the purchase announced today by Endeavor of Openbet which will compliment its ownership of IMG Arena. We all know that IMG is the second largest shareholder in Leap(22%) after SEED (44%). LEAP is promoted by Endeavor/IMG as being a key partner.
It has always seemed highly likely that IMG would want to acquire Leap. If that is their intention you would imagine they will make their move before the full IPO process starts. We know preliminary work has been going on for sometime which would also be work that needs doing for a sale.
I would therefore suggest that an announcement about the sale of Leap or the sale of SEED’s shares in Leap to IMG could be announced at anytime. So if you think you have months to wait you may be taking a big risk if you are out. Just recall earlier this year when Ed was talking in an interview about an IPO for EMMAC and within days they announced a sale.

Good start to the week a 239000 Buy at 41.5p. Someone who understands the Condor story and how it is progressing well towards production or perhaps that bid that could pop up in an RNS at anytime.

The mood this morning is positive with 15 trades all buys for a volume of 271000. Let’s see if we can move higher if the volume of buys picks up in anticipation of news this week.