We would love to hear your thoughts about our site and services, please take our survey here.
Most projects have a one to three year tie in period - totally understandably. However, I wonder about the possibility of undocumented handshake agreements over longer tie in. Totally hypothetical preponderance of course.
As Duke says sells must happen somewhere to fund new projects but you’d think these experts would want to cash in at some point to realise those high gains rather then wait for the inevitable drop off.
Do they ever sell any of the company holdings? This is one of my concerns about Kr1. It almost seems that to guarantee seed entry to these projects they agree to never sell. Therefore the company builds a huge theoretical portfolio but when is the actual value unlocked for shareholders?
The ETF approval was always likely to be a buy the rumour sell the news type event but I totally agree the moves now look highly orchestrated. This was always a concern - BTC might have been better remaining a fringe asset? Hopefully this is the just the sell off prior to the tear after the halving!
A big pullback today. Looking really dicey all of a sudden. There really is little logic as far as SP here is concerned. Huge discount to NAV. BTC halvening just round the corner. Is there something we don’t know about going on?
Unfortunately, the SP has tanked in response to Bitcoin price decrease as opposed to going up in line with the actual NAV. This correlates closely with Bitcoin price action only. It’s nonsense really. Talk of £5 SP on here by certain individuals is ramping pure and simple.
Absolutely agree that there is a lack of transparency from the managing directors. Given the monthly staking revenues shareholders are left very much in the dark regarding these revenues. It’s always bothered me.
This has often been discounted in terms of NAV to SP. I suspect the market applies heavy discount due to volatility. In fact, most price movements here correlate with BTC price in spite of the minimal BTC holdings, rather than the price of the assets actually held. I’d love this to get to £2 this cycle.
It seems the directors are looking to build a portfolio in which staking returns feature heavily which is a great strategy. I’d like to see more transparency with what’s being done with those returns. 12 million in annual staking returns is not peanuts and isn’t all eaten by seed funding.
You’re correct Matti.
I’m still perplexed by the monthly staking income. Nearly £1 million in November. Where is that money going? Obviously early seed investments at times but from previous RNS’s these are usually pretty small. Half a million often quoted. With a good month like November, obviously there are some overheads but what is happening with the rest?
I still wonder every month where the several hundred thousand pounds of staking revenues go. Never returned to shareholders in form of a dividend. Does it just go on paying for the two directors’ shell company? I’d like to see that profit returned to shareholders or clearly see where it’s spent.
Kr1 had a NAV of more than double current value during the last bull run and SP of £1.80. It dropped 80% so it’s highly volatile. Hopefully it’ll hit those prior heights but I’m not convinced yet. Hopefully it’ll hit £1. I can’t help thinking the Directors have set this up to look after themselves via their outsourcing contract rather than looking after the shareholders. Hope I’m wrong.
NAV down consistently since these monthly reports have been released. Small scale investments only announced. The earnings from staking rewards are variable but I’m beginning to wonder if they’re just paying the Directors’ wages month on month rather than creating shareholder value. Thoughts?
I’ve just looked at the monthly asset valuations since they’ve been released and was concerned that the NAV appears to be reducing on a virtually monthly basis and the staking rewards also seem to be going down. Any thoughts?
I presume all the tokens continue to depreciate in spite of the recovery of BTC in the last six months.