LOL, yes ....Argo Blockchain ... where the SP is negatively correlated to the price of Bitcoin :0)
BTC will certainly move past $10k. Could be a later tonight or in the near future, but it will. We just have to hope Argo can release a trading statement showing continued growth in revenues and profitability. I can then see the SP between 10-15p over the next couple months.
"£700k gross profit for the month. Margins are down but still better than 2019 Avg. BTC 9k!"
The SP should respond well. A business generating sound profit month to month with a good operating margin and business continuity uninterrupted by COVID-19.
Solid cash generation, rising production, unimpacted by coronavirus, oversold from the recent wider market sell off, updates due, potential for BTC to spike at some point with all the central bank money printing .... not hard to see why the SP is moving northwards and will continue to do so.
As I said YESTERDAY at 08:56
'I've said on here before, and on Twitter, that the Intensity presentation this weekend is unlikely to have any impact on price - in my opinion anyway. Why would it? The fact they were presenting has been know n about for weeks as has the fact they would be presenting a positive outcome (or why would they bother attending).
Markets do not shift on this sort of "news". Without wishing to sound like Donald Rumsfeld, this is a "known known".
I'm strongly invested here but not expecting miracles any time soon. EVENTUALLY we will see Intensity swallowed up in a takeover and the resulting value reflected in our SP.
But anyone expecting some sudden magical take-off of the SP just because Intensity gave a conference presentation is in need of help'
I've said on here before, and on Twitter, that the Intensity presentation this weekend is unlikely to have any impact on price - in my opinion anyway. Why would it? The fact they were presenting has been know n about for weeks as has the fact they would be presenting a positive outcome (or why would they bother attending).
Markets do not shift on this sort of "news". Without wishing to sound like Donald Rumsfeld, this is a "known known".
I'm strongly invested here but not expecting miracles any time soon. EVENTUALLY we will see Intensity swallowed up in a takeover and the resulting value reflected in our SP.
But anyone expecting some sudden magical take-off of the SP just because Intensity gave a conference presentation is in need of help.
Proactive investors:
'Alan Howard, senior equity analyst at the company's house broker, Mirabaud Securities, said following the rise in sales the company was now operating an annualised revenue run rate of US$2.5mln just three months after opening to customers. Howard added that if the firm met its target of 30,000 packages within its first 12 months of business, the run rate would increase to US$18mln, which when coupled with estimates around hardware, customer acquisition, and electricity costs would result in Argo becoming "earnings positive". '
So only if they sell 30,000 packages in the first 12 months do they become "earnings positive". Given the substantial downturn the cryptomarket at large has seen since the beginning of the year that sounds fairly cautionary to be me.
https://www.facebook.com/FactomProject/videos/288410085107709/
On now.
Just doing some background reading on the latest Factom ANO, Multicoin Capital Management.
Their Managing Partner, Tusher Jain 'has a goal of helping bring Factom to the clinical trials industry where he has a deep background. Just like the mortgage origination industry, clinical trials keep paper records because auditors trust paper more than databases. Tushar has had extensive conversations with several top clinical trials companies and believes that Factom can help save hundreds of millions of dollars in the new drug development process.'
........any links to Intensity and Juvanescence I wonder? Purely speculating.
"So some invester dude on a plane asks 2 Chinese dudes about yooya. ...this board is getting really serious lol"
LOL! I creased up reading that. Worst attempt at deramping ever. He said it as if its some sort of convincing proof that Yooya must be failing..... because he spoke to two Chinese people on a plane and they hadn't heard of it.
I could probably walk outside now and ask the next 10 people I meet if they have heard of BHP and get mainly shaking of heads. What a muppet.
Financial statements published today on their website.
https://vogogo.com/8523-2/
I think some of the excellent news, long expected, is about to land.
From which investee company though? So many with amazing potential, so who knows. That's what makes FFWD such a great investment. An RNS could come at any time and ....BOOM!
Just because he has passed a certain threshold doesn't mean he won't keep on selling does it?
...when the SP continues to slowly drift down.
But I remain very confident and just bought another grands worth. There is reasonably good diversity of investments in the portfolio to help manage risk, plenty of cash and no debt. Our investee companies could make big announcements that lead to significant uplifts in valuation at any time.
The Directors seem bullish (e.g. Ed on Twitter) as do some of the companies themselves, such as Intensity very clearly ramping up their communications machine all of a sudden.
I have said before that, for me, FFWD is a sure thing over time. It's about investing (not trading) and forgetting about it for a while. Just let event play out. I'd favour that strategy over staring at the SP on a daily basis, chewing my finger nails, and wetting myself every time the SP moves down 0.5p.
Those who sell now, to chase whatever the current AIM hot stock is, are those who will check back here in six months time, see a 40p share price, and wonder at their own lack of patience.
Some good news today for Factom with Sphereon's announcement.
Their customer - "an international financial services company in the automotive industry" - will now be registering circa. 1m transactions per year on the Factom main net.
Two more companies to announce this month, and neither will be under NDA.
“Although this is the first Sphereon customer to go into production, it is a major milestone for us and the Factom community. We expect two additional customers to go live and into production this month. With more to follow.”, according to Maarten Boender, one of the co-founders of Sphereon.
Yeah I wouldn't sweat it... its August. Folk are off sunning themselves rather than sweating over share portfolios.
We'll see a return to normality and an upward trend next month is my guess, unless big news arrives beforehand - which would be nice and might catch out a few people who've cashed in their chips for summer beer money.
I agree with Predator. There is nothing wrong with being optimistic about FFWD’s potential, but as I say below it just cheapens the board when people ramp with stupid numbers. The irony is it actually puts people off rather than encouragingly them to invest. With a share price at 13p people aren’t going to swallow “imho we’ll be £5 by December!” or similar such drivel.
I’m probably hoping for too much but it would be great to see an informed helpful board, not one infested with rampers.