Member Info for Monkfish6

Personally I think this is being forced below £10 at this point. No change to business to justify the huge drop. As several people have explained, there will be no relevant actions for at least 18 months and the business will remain relatively unchanged until then.

30% price drop on back of CMA announcement. This is ridiculous. This has lost nearly 50% since initial CMA announcement last year. Don’t try to catch a falling knife as they say but this fall is completely overdone!

There’s now a 40p discount on this company on NAV alone. Will it ever start to close the gap or is the SP destined to sit at around £1. It’s becoming tiresome in the extreme!

I totally agree with the sentiment on here. The market over reaction here is farcical. The company has basically lost 50% of share price since CMA investigation announced last year. Options for CMA are limited to being able to reduce prescription fees and possibly reduce drug markup. Clients will still attend closest practices. There was always limited choice due to geographical location. Most clients phone practices regarding prices and practices are happy to disclose costs. Vets always give estimates to avoid bed debt because there are plenty of scumbag fee dodgers out there. This is nonsense. Business metrics will change little. It’s always been the same clients want vets to wave a magic wand and fix pets for nowt. Not gonna happen anymore!

This is a wasteful investigation!

Doesn’t seem to matter for the SP. Big discount to NAV. Stuck at £1 or thereabouts. It’s becoming a bad joke!

Yep, if we’re lucky.

Let’s hope we can rerate above £1.10 for now then let’s hope we can push towards £1.50. SP completely influenced by BTC price only so my hope is a blowout after the halvening which pushes us towards £2. Then it’ll dump again no matter what.

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, this appears to have lost momentum for now. NAV has gone up nearly 200 million dollars since November but SP receding once more. I now feel this will only really fly again with big BTC moves.

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.

Mcap now nearly 40p down on NAV alone. It’d be nice if this would wake up a bit over the next few months. Surely SP £1.50 - £2 by year end??

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.

Totally agree Nelson. The roadmaps for some of these projects would be great to know.

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?

You’re right. A ten bagger from here in the next 18 months is very likely…. Just trying to stay realistic myself. If it doubles from here during this bull run then happy days surely?