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What your effectively asking is can GST have a Market Cap worth a quarter of Revolut's in 5 years, ie $4.6Bn?
https://www.statista.com/statistics/1262288/largest-fintech-companies-by-market-cap/
That's a tall order in my book.
Correct JPB, old networks etc, been going on in the UK for years and years as we all know.
I came across this very, very interesting documentary re the Elites and Trusts and the 'City of London'etc, etc
No wonder GST have taken such steps, most probably advised by Pinsent Mason's , who knows?
All should watch it at their leisure , it's an eye opener !
The Spider's Web: Britain's Second Empire | Finance Documentary | History
https://www.youtube.com/watch?v=OYfnkLurLA8
Good Luck, blowdog! , I'm sure that over time as the pieces of the GST jigsaw come together, as indeed they are now , albeit slowly you won't be dissapointed.
I've pretty much done the same as you and am now mainly invested in the two G's 😁
Https://uk.linkedin.com/in/chris-wellesley
Over 35 years experience in banking and capital markets both as a Director and also in a number of NED positions across Australia , Asia and the UK. I have worked with clients across a number of sectors including resources, energy and funds management.
'I have an extensive network of senior, key relationships across the UK capital markets as well as demonstrated expertise in capital raising, corporate and financial markets and a deep commitment and involvement in a range of private philanthropic activities'
Raphael is no longer an executive director of GST after purchasing the EMS subsidiary of GST, from GST for 60m shares that he held in GST, and those shares are now held in GST's Treasury.
So, moving onwards the RNS of the 18th Dec shows that after the sale of his 145.8m GST shares he still holds in theory some 92.60m shares.
However he's now below the radar for reporting purposes, and unless he ever goes back to holding more than 5% you won't ever know what his holding position is.
Exactly correct antigua18,
Why do I say that you might ask?
Well for one, I have an account with Interactive Investor and they claim 'They do not lend out my shares' all well and good in in theory you might think.
However, if you place a limit sell order price on your shares in order to prevent such an occurence , ie 'Lending Out your shares without your knowledge nor permission etc' you will be told that you cannot specify a SP greater than say 50% of the current share price.
Why is that? In days gone by that was easily achievable, so I would set a limit of at least 300% of the current share price to prevent ii from doing what I suspect they may be trying to achieve etc.
When you face such restrictions it begs a question as to Why don't you think?
I think JD has totally lost the plot myself on what the context of this thread was truly all about IMHO.
It was not about providing an explanation on the mechanics of shorting, most investors I would guess already understand sufficiently understand the concept.
As far as the usual retort of it provides liquidity etc ,
As Malcolm Joel commented ........ 'The liquidity argument is nonsense – we don’t need to be drowned in “liquidity”. Yet the self interest of those running the markets ensures a complete lack of interest in the consequences of this damaging behaviour. Who cares if honest investors are screwed?'
https://www.sharesoc.org/blog/regulations-and-law/slave-to-the-algorithm-burford-and-the-importance-of-maintaining-confidence-in-a-broken-system/
Further, and more importantly this has been going on now for what is it 2-3 years?
Have you noticed the SP has risen over the last week or so? why because the markets are by and large in holiday mode. Expect another smack down on Tuesday 02nd Jan.
GLA and let's pray 2024 is our year.
Big question for you Massive.
Who owns the most shares in GST, for now it is the directors and a few well heeled PI's.
By the time any such takeover comes into being ii's will have already taken a position, and for me I would IMHO expect any takeover SP to be much higher than 16p based upon anticipated revenues/profit.
Longbottom,
Agree with your sentiments on the whole business of shorting, most particularly when it is targetted for reasons other than a quick profit, by that I mean where a potential suitor who is out to make a low ball offer for a company will engineer a long term suppression of the share price.(Not that we PI's would accept such a low ball offer, but you get the gist) that will theoretically be easily achievable on low trading volumes in between anticipated releases of news. A good example of this was recently posted by someone on this BB and for me it fits the GGP model perfectly.
Can beaten-up junior miners fight illegal short-selling?
https://www.mining.com/can-beaten-up-junior-miners-fight-illegal-short-selling/
I also read some where that the FCA in their corrupt reasoning were planning to abolish reporting of such shorting thresholds, that in itself is a very very suspect in my book.
The sad fact is that overtime hedge funds and banks /shorters can actually destroy a company, not saying that this will be the case here, but the whole process needs to be better regulated etc.
Why for example is their no official UK reporting of the shares on loan and short interest in GGP other than what we obtain via third party links?
The real bottom line issue is that it is not just the corrupt AIM market ( And that is now destined for the scrap heap, as more and more companies choose to list in the USA) its also in the 'City of London' itself!!
Bit of a Spiders Web run by Elites for Elites,LOL! (Tax dodging Barstewards)
The Spider's Web: Britain's Second Empire | Finance Documentary | History
https://www.youtube.com/watch?v=OYfnkLurLA8
The only person capable of making the shorters run for cover over time is SD.
I think we are getting there albeit very slowly but it is and will be a very long and tortuous journey.
My simple analysis;
1. Company admitted to the UK Financial Conduct Authority ("FCA") Innovation Pathway Programme to assist the progression of its GS Money Stablecoin plans.(No 1 Consideration right now to gain FCA approval of stablecoins and open the UK market)
2. On 29 November 2023, the Company entered into an option to purchase agreement to acquire 60% of the share capital of EasySend, an FCA approved Authorised Payment Institution conducting cross-border payment services.(This should improve GST's Revenue/Profits)
3.On 6 December 2023 the Company entered into an agreement to acquire 66.67% of the issued share capital of Semnet, a profitable cybersecurity company based in Singapore, for a total consideration of US$1.8 million, payable through US$0.8 million in cash and US$1.0 million in new shares in the Company. (This should in theory aid item 1 above)
4.The MSB licence held by PAYPT encompasses a range of financial activities, including: foreign exchange dealing; cryptoasset dealing; money transfer services; and authorisations for the issuance of debit cards and IBANs.(More Revenue/Profits)
Lot's going on folks, time to buy in is now IMHO ....but DYOR as they say!
Interesting / Educational
What a 5hithole first comes to mind.
https://www.youtube.com/watch?v=kW1nGHunAkc
Novice,
Another De-Ramping , Disingenuous post I see, why do it?
Have you ever considered looking at the 'Bigger PIcture' and the steps being undertaken by GST and the BOD's, I actually think it's all coming together very nicely.
Today's RNS was simply an Interim report of progress as up to the end of Sept 2023, a sample of progress highlights reported were:
1. As of 30 September 2023, the Company had US$2,198,000 in cash and cash equivalents (30 September 2022: US$3,334,000)
2. Completion of the acquisition of PAYPT, a Canadian company holding a Canadian Money Services Business licence, in August 2023.Further significant progress for the Group as it focused on developing a borderless neobanking platform. The soft launch of the Company's GS20 Exchange was successfully completed and a wider roll-out was commenced, (now earning revenue, no less).
3.On 29 November 2023, the Company entered into an option to purchase agreement to acquire 60% of the share capital of EasySend, an FCA approved Authorised Payment Institution conducting cross-border payment services. EasySend has a current estimated yearly transaction volume of approximately £120 million,
4.On 6 December 2023 the Company entered into an agreement to acquire 66.67% of the issued share capital of Semnet, a profitable cybersecurity company based in Singapore.
I could go On & On, (Just read the RNS).
Why is it you can't even see what fantastic progress has been made in the last 2 years, GST is now slowly building a lucrative and profitable business. Absolutely fantastic RNS in my book, you best read todays RNS over and over again . Today's price drop is obviously down to a large seller selling for reasons unkown who more than likely needs the cash now.
2024 should IMHO be a very good year for LTH's