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"As noted when I suggested buying the shares, at 65p, in my 2024 Bargain Share Portfolio, the reason for holding them is the potential for a narrowing of the 53 per cent share price discount to book value of £159.7mn (135p) as more investors cotton onto the debt reduction programme and the changing mix in the group’s income stream. A current-year prospective price/earnings (PE) ratio of 4.2 and an enterprise valuation to operating profit multiple of 3.5 times highlight the value on offer, too. Buy."
We will just have to be patient. One of the best investments they could make would be to buy their own shares whilst we wait for small cap investment co's to come back in fashion. To get close to NAV the share price is going to have triple or even quadruple from here. Whatever they do I believe that buying at these levels will generate decent returns over the next 12-24 months.
Nope, still not done anything with it. Market cap is now just over £1.7 million so over £700k is cash, means all Mindflairs investments are currently valued at £1 million. It was over £7million at last reported NAV but emergent was a loss of around £1 million. Still massively undervalued here, hopefully.when they announce what they are investing in sparks the share price into action
Worth looking into a very undervalued crypto stock, Phoenix Digital Assets PLC
Phoenix have a £37.84 million mcap as of 09/03
Phoenix hold the following:
623 BTC = $42.66million
6794 ETH = $26.54million
86396 SOL =$12.61 million
732899 OP =$3.43 million
Others $3 million approx
$4.19 million in cash & other investments
Total = $92.24 million
Total = £71.74 million
Equals approx 7.2p per share
Current price 3.80p per share
There will also be a tender offer after the halving to buy back their own shares at the NAV price.
Massively undervalued and an amazing opportunity. You can trade it on ig.com
Well worth a look.
Worth looking into a very undervalued crypto stock, Phoenix Digital Assets PLC
Phoenix have a £37.84 million mcap as of 09/03
Phoenix hold the following:
623 BTC = $42.66million
6794 ETH = $26.54million
86396 SOL =$12.61 million
732899 OP =$3.43 million
Others $3 million approx
$4.19 million in cash & other investments
Total = $92.24 million
Total = £71.74 million
Equals approx 7.2p per share
Current price 3.80p per share
There will also be a tender offer after the halving to buy back their own shares at the NAV price.
Massively undervalued and an amazing opportunity. You can trade it on ig.com
Well worth a look.
Worth looking into a very undervalued crypto stock, Phoenix Digital Assets PLC
Phoenix have a £37.84 million mcap as of 09/03
Phoenix hold the following:
623 BTC = $42.66million
6794 ETH = $26.54million
86396 SOL =$12.61 million
732899 OP =$3.43 million
Others $3 million approx
$4.19 million in cash & other investments
Total = $92.24 million
Total = £71.74 million
Equals approx 7.2p per share
Current price 3.80p per share
There will also be a tender offer after the halving to buy back their own shares at the NAV price.
Massively undervalued and an amazing opportunity. You can trade it on ig.com
Well worth a look.
You seem quite pessimistic, I only bought in turn of the year, liked the NAV, their cash holding and the chart. With base rate reductions on the horizon the market should continue to pick up and fingers crossed the small cap investment trusts spark into life. Although small caps are genrally higher risk the net assets give this a margin of safety. Good luck us
£34.10 million mcap as of 28/02
Phoenix hold the following:
623 BTC = $39.45million
6794 ETH = $23.64million
86396 SOL =$10.07 million
732899 OP =$2.86 million
Others $3 million approx
$4.19 million in cash & other investments
Total = $83.12 million
Total = £65.64 million
Equals approx 6.50p per share
Current price 3.50p per share
This is great news for regarding the buy back. £850k worth of shares they will putchase over the next few months, current MCAP is only a bit more then £4Million. There is only 1 way this share price is going and that's North.
£28.76 million mcap as of 10/02
Phoenix hold the following:
623 BTC = $29.64million
6794 ETH = $16.96 million
86396 SOL =$9.43 million
732899 OP =$2.46 million
Others $2.8 million approx
$4.19 million in cash & other investments
Total = $65.48 million
Total = £ 51.85 million
Equals 5.13p per share
Current price 2.98p per share
Trading at 58% of NAV. Share price to rise 72% to get to NAV, upcoming tender offer to buy at NAV!!
At these levels you would get a 72% return on your investment. Crypto is booming so could easily go higher.
Even if Crypto prices fall 40% they would still offer the NAV price so you would get your money back.
I doubt there is another crypto investment out there that offers that margin of safety and such upside potential.
Check out the RNS. Although an investee company is being liquidated, there is a very positive statement at the end of the RNS.
"the Company is still trading at around 30% of its NAV."
Huge upside potential here.