Member Info for Malik-

With venture capital backed partner.
The partner’s investment plans for refuelling stations amounts to investments of £1 billion by 2030.

This is a very significant agreement for H2Green, in addition to the MoU with SGN.
You are talking indeed of an addressable market in the billions.
And here we are 17m mcap, of which 45% is cash!
Significantly UNDERVALUED

Rates are down, and low.
Co has its investor day tomorrow. Extreme E back on at end of month,
This remains a no brainer and a BUY

I just loaded up.
Shares -30% from peak despite 1) Hydroxide p at highs and 2) Tin p soaring.
Largest hard rock asset in Europe and the likely future Piedmont comparable of Europe.
Trading at sub 30% NPV at 25ktpa (and sub 15% at 50ktpa) and c4x EBITDA at pdction.
No brainer

NFT Investments, another listed NFT company just recently listed and is trading at close to £40m mcap.

Lifestyle or not - Financials are what matter to the share price,
1) they are guiding to revs in Q1 consistent with what we had in Q4 last year.
2) The achieved cost cutting in 2020 which is now recurring uplifting margins
3) They expect a bump to results in H2 - which i believe they ll deliver just on opening up of economies - that’s evens setting aside any uplift you should get from new ventures - so just bricklive (eg South Africa even later this year, this Nft invt).
4) Order book is resilient - as per number is shows due to run this year.
5) Stock just can’t trade at 1/6th of pre Covid levels, given where Covid improvement. It’s just mispriced.

Stock trading at near book value.
The ONLY Covid recovery I know of which hasn’t at least doubled from the lows of last year.
Being uncorrelated to vaccine take up is utter nonsense.
Whatever you think of management, the stock is trading at bombed out valuations and could by year end multiply by 5.
It’s no brainer entry point.

Stock is getting dumped like a Spac.
Yet unlike a Spac which does not have any sales or profits til 2027; we are well profitable already and stock will be hugely profitable in a year’s time.

Market panic selling - and making this a fantastic entry point.

Rubbish. Read my post below.

Well this is the problem.
People don’t have a clue about fundamentals who trade this stock.
What those numbers are saying is that this stock is on SALE like there is no tomorrow!

I assume spot Bitcoin. 55k in this calculation.

Valuations have reached truly ridiculous levels.
We are now below 100dMa, and RSI lowest since March last year.

Now trading on (2022 basis):
*c3x PE
*2.2x EBITDA
*>20% normalised cashflow yield
*financial assets, incl BTC held, tax credit + cash worth >30% of mcap

This is KEY.
Fo would need to file most recent results for listing purposes.
It attained key listing thresholds and this will be evident in its 2020 full year results - due later this month.
Watch th space.
Could come much faster than people expect

Co affirms not looking at FTSE premium listing.
In contrast, it refuses to comment on Nasdaq listing.
=> Refusing to comment typically means it’s happening

Moreover key Nasdaq listing criteria have been satisfied, I believe (re assets and equity thresholds)

Worth comparing the valuations of Coinbase vs ARB. Obviously totally different businesses but gives an idea of how cheap ARB is.
EV/EBITDA:

*Coinbase: c>20x
*ARB: 2.5x once Texas operational

Sell-off irrational and completely overdone

Share p disconnect with Bitcoin p mirrors hit to sentiment following mgt sales.
But current bombed out valuations are just not sustainable.
Stock trading on mid-cycle:
-4.5x PE
-2.7x EBITDA
-16% cashflow yield

>£4 valuation should be a FLOOR at current Bitcoin p.

Collapse in share price since mid-Feb is caused by a rise in the market assumed cost of capital.
In fact the stock is pricing a +200/250bps increase in the implied cost of equity since vs bond yields only up +40bps
=> Again, sell-off overdone

This can’t be dumped like a Spac, which have no sales until 2027.
The company is already profitable this year at net income level.
And hugely profitable in 2022 onwards.

Expect blowout March sales/margin release, due in around 10days.

And as I said yesterday, a discounted cashflow of the company does NOT justify a 40% collapse in the share price since February for only a 40bps increase in the bond yields.
This is totally overdone.

Those selling a stock which trades at 4.5x PE and close to 20% cashflow yield are mad.
This is fear talking, not fundamentals.
Fundamentals always prevail. And they will do soon, when bigger fish start to analyse the financials of this company and compare them to those of Riot and Mara.
This will 2-3x this year just at 55k Bitcoin price.

Another reason to load up...
Just getting cheaper, and just as hydroxide prices are now taking off, following suit to carbonate prices.
I am looking for 60p valuation by year end - convergence in resource valuation to next door neighbour EMH, and minority buyout.