Member Info for leew

Ian, get what you mean so don’t worry. Drop on before results is not unusual but typically on established shares, hence why I believe the SP movement is to generate volume, and it did that. There are obviously placing shares to sell/churn.

If results are good, could even see a modest rise while it’s sold into and then a couple of days later the market reacts to the news.

Either way as usual time will provide the answer.

Ian, results will be what they be, they have already told us what the cash position was, so working backwards and forwards with some calcs suggests they have grown YoY again.

The drop is not representative of results IMO, the drop to a bid of 1.0 was done on the usual group of block trades, to reach a point that generated volume for placing churn IMO, the volume / trading pattern does not suggest anything about news, it’s about generating trading volume.

Not long to wait though so find out soon enough.

I try to never get emotionally attached to a share (hard to do) so I work off the fact my calcs show me what I think the company is currently worth now and what I think it should be in the following years. Once the company is overvalued to my calcs I sell, or if it’s on the journey I might just sell some and buy back when it swings to undervalued. GST is significantly way off to what I believe fair value is that I am in the buy more camp, and if that’s wrong, it’s my decision, on my calcs.

I always go odd market cap on my calcs never SP but I invest on fundamentals not momentum trading so they are many other ways.

My assumption is they are clearing some placing shares still and to do that they need buyers and sellers (obvious) they dropped to this level to get that and it’s working, some bigger sells and bigger buys going through at this level.

Also the sell before results is valid, but in a share like GST the QTY or shares doing that would be minimal in my opinion.

Looks like the placing churn needed to be closer to the volume being 4 times the placing not 3 times, so I got that wrong as expected to be at low end of typical churn needed with GST.

Ok, NuckyT so since your investment the SP has gone down and shock horror that makes your opinion of the BOD bad. Thanks for clarifying.

NuckyT,

So just to clarify when each set of results shows additional revenue, reduced losses, and increased assets that is a BOD turning everything they touch into sh#t?

Come on get real, if the comment was the SP is not reflecting the progress currently due to a couple of placings for BAKE integration and to start a BTC treasury I could agree but to say everything they touch has gone south is just plain wrong.

Welcome on board 👍 should be an interesting week here for sure

Genuinely just filter Kat, if you’re not happy with an investment you move on to other opportunities. Imagine spending the amount of time moaning on finding other opportunities. So the issue becomes after so long no one listens anymore as the expectation is there is an ulterior reason for posting.

I am very positive about GST in general and feel I do well but the honest assessment is as follows:-

I would like a higher SP as think it’s not representative

I would have liked confirmation on some BTC purchases or confirmation they will but when they see value, yes I know it’s not needed but I would have liked it

I also would have liked some additional detail in the Semnet point, but only confirming they are pushing ahead, again they don’t need to as if they weren’t they would have to RNA that but I would have liked that.

All that said it’s a growth company so if revenues grow YoY, in which we get confirmation in days, I am still happy.

No investment is perfect, but it you are moaning daily about it move on.

Back to the first point just filter 👍

Chaebol, yes as I said yesterday the assets spiked and then dropped within a small time , which suggests a significant transaction was taking place, with my estimate being it was a $1.5m movement of assests with BAKE / an external wallet or fiat transfer out after the asset transaction.

It’s a placing that was just under the SP at the time, which is normal in majority of placings.

4unme, the data that’s available is this

Last years accounts

Information in the accounts to say the next half was showing significant growth

Information on what they have purchased

Information on the placings and why they were raised

Daily volume on GST late last year to see what that meant

Telling everyone what that had a year end cash balance.

Now of course assumptions are needed to work out what you think GST is worth, but there is enough information to have an educated guess and the I say we know nothing is just wrong.

Audavid, fully agree, to me the presentation of the year end cash position removed any thought about results not showing decent progress, so to me it’s just how good are they as opposed to are the good or bad, however I have been wrong before and will be wrong in the future so I am looking forward to seeing them in black and white

What’s your calculations to show 2.5p?

If it’s just a random guess then it’s about as much use as 0.4p or £10.

Workout what you think the company is worth in terms of market cap on different scenarios and divide by the qty of shares lol.

That said its here due to sentiment, not what it’s worth, so if they are good and the sentiment shifts it will over shoot where I suspect it’s worth and if it starts to forward look as the results again show the progress, and they again hint at progress in the next half it might over shoot and the next step (trading range) might be closer to what I feel it’s worth.

Audavid, I suspect I am wrong as putting the cash position for end of March and working back it shows my calcs where probably wrong so I adjusted that but my expectation was always 2x increase and an asset increase.

If I was guess I would say 25% chance it’s what I expected or lower and 75% chance it’s higher.

As I went into this with a 5 year time frame in mind my calcs are more centred around looking forward from published accounts onwards, but if thy accounts are better than my assumptions the forward numbers look better so win win for me lol.

When it was over 2p or 3p I did not sell, I will do the same next time it visits that region and then if other opportunities are doing well I will look to increase my holding again when I think it’s settled on the next step

Correct I agree, trading is where the commission is made.

The movements this morning up then down suggested larger than normal trades as I believe cash was added, used to buy an asset (commission to BAKe) and then withdrawn in to a wallet would be my guess.

It’s not negative at all it’s an unusual trading volume in a couple of hours for BAKE, which is a good thing.

Again. Billy will rightly point out this is 3rd party data so accuracy could rightly be questioned

BAKE assets back down. Looking at the figures I would say approximately $1.5m of some asset has been purchased and then dropped off the exchange into a cold wallet etc.

This does not mean it’s GST, but a decent amount of trading has happened in a relatively short period of time this morning.

Billy, yes agreed. Using the year end figure provided it helped reinforced I am hopefully on lower side as provided an opportunity to work backwards as well 👍

Billy, I will have a go at answering it then. I would like / expect a 2x revenue increase since the last accounts and would like/expect the assists to grow by 30% and push over $10m, on the accounts.

I personally want to not see a profit, other than a minor one to show no losses for the period, but my main driver currently is revenue increase so everything else is secondary in my view.

I think the above could be conservative, but I value like that to make sure my downside vs exposure is limited from my view point and assumptions as to value a company is constantly looking in the future with never as much info as you like lol.

Right or wrong I am 1.25 years in to an assumed 5 year hold so just want to see progress along with some more nice words on that the current half year is seeing in terms of growth.

My wish is good growth and then comments like “seeing significant growth leading into the next half year” or words to that effect.

Please all just filter Kat, so I can’t even see one side of the conversation.

GHOST, BILLY, yes GST might only release data to 3rd parties when they feel like it or at designated times. I never really put too much faith in data off these 3rd parties sites given the lag but overall I just use them to show a direction of travel, which currently seems to be positive