Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Is the last info we have on debt from the interim results?
£1660m is Everest sized considering market cap now £360m!
Deleveraging
At 31 December 2022 net debt was £1,728m, with leverage of 5.6x. We are already making good progress with our deleveraging plan, with leverage having reduced to 5.1x as at the end of June. This is driven by a combination of £13m growth in pro forma Adjusted EBITDA, together with a £68m reduction in net debt, to £1,660m at 30 June 2023. The reduction in net debt is primarily driven by favourable foreign exchange rate movements on the debt principle, but H1-23 also saw the Group generate £11m cash inflow (excluding customer balances) despite £23m of exceptional costs paid out in the Period.
The out of hours TR1 Friday was Aviva PLC reducing there holding from 10.7% to 10.52%
Not sure why an insurance business would have such a large stake in this but surely never going to buy it out!
Another tech firm might though
Alliance News) - AVI Global Trust PLC on Friday reported an increased net asset value and "pleasing" total return for its latest financial year, and proclaimed its optimism for the long-term future.
The Exeter, England-based investor said its NAV at September 30 was 226.77 pence per share, up from 199.76p at the same time one year prior.
AVI Global shares were down 0.6% at 200.80p each on Friday morning in London.
The NAV total return for the year ended September 30 was positive 15.3%. Chair Graham Kitchen described the result as "pleasing", and it was much improved from the previous year's negative 7.3%.
AVI Global's comparator benchmarks, the MSCI All Country World Index and the MSCI All Country World ex-US Index, delivered positive 10.5% and positive 10.1% respectively.
AVI Global, which backs family-controlled holding companies, closed-end funds and asset-backed opportunities, reported investment income of GBP24.5 million for the year, up from GBP23.1 million. Total earnings per share increased to 28.02p from 22.06p.
AVI Global declared a final dividend of 2.3p per share, up from 2.1p the prior year, and also announced a special dividend of 0.2p per share. These brought the total financial 2023 payout to 3.70p per share, up from 3.30p for financial 2022.
Going forward, Chair Kitchen commented: "The geopolitical and economic environment are undoubtedly challenging and the world is likely to be unstable for some time."
Highlights over Q3 2023 include:
Strong portfolio trading and value creation continues to drive growth, leading to a total return NAV increase of 4.8% to a NAV per share of £4.94 and net assets of £2.3 billion.
Continued strong long-term performance driven by robust trading with the top 20 investments (76% of the portfolio by value) seeing last 12 months sales and EBITDA growth of 27% and 28% respectively.
Robust balance sheet with available liquid resources of £678 million (30% of NAV) and commitments to Hg funds of £1.0 billion (45% of NAV), to be invested over the next three to four years.
Hg continues to screen an attractive pipeline of investment opportunities. Further liquidity events are expected over the next six to twelve months.
Based on HGT's share price at 30 September 2023 and assuming all historic dividends have been reinvested, an investment of £1,000 twenty years ago would now be worth £22,384, a total return of 2,138%. An equivalent investment in the FTSE All-Share Index would be worth £4,127.
@Jambone keep posting that for Newbies eh!
QBT now have 256 Followers on X
My stages thoughts......
Very short term
1. We had a placing for £2m (on top a previous placing this year for £1m) which a bill of was going towards purchase of hardware etc needed. QBT are in Very advance discussions with large North American miners who can either take a licence per machine or payments in % extra BTC mined, so do the figures, it’s huge. - There is no data on how effective SaaS is with mining rigs or impact of the network latency of running client server to mining rigs. 4 or 5 employees are now installing servers in racks all over Nth America apparently!
Medium term
We (is Jambone an employee) are designing our own chips and already have a patent in for pre computing the next block before it becomes available! - that's right 4 or 5 employees are competing with Intel, AMD etc!
Long term
We (we again) have developed software for Quantum computers which we will keep for ourselves as why sell the Golden Goose FG said, this will mean they will be virtually unbeatable so then it’s into the £Billions - that's right these same 4 or 5 people are up their competing with Google, Microsoft and IBM etc
Discount now 18% and the Ecofin are buying shares back, I just added at 152.5
Yield is 4 x 1.95p so 5.1% which you can get on cash.
As soon as interest rates get cut this is a bargain like all high yield income bond like investments, guess its risk off just now but its always darkest just before the dawn...
Quote - "We know we are in very advanced discussions with the large North American miners"
I'm not sure I believe that in fact we I'd go as far as to say we don't know if there are any more discussions with any miners.
I'd use this bounce to sell.
Yes Align Research say one thing and do another, classic pump and dump shop in my opinion.
check these 4 that have been ramped by AR for years, all at or near all time lows
BMV Bluebird Mer
IRON Ironveld
KZG Kazera Global
KP2 Kore Potash
I'm not sure QBT will benefit from BTC halving unless they get some miners signed up and working!
Might be better of looking at a basket of miners such as the Vaneck DIGITAL ASSETS ETF (DAGB)
APPLIED DIGITAL CORP 11.28%
MARATHON DIGITAL HLDGS INC 8.74%
BIT DIGITAL INC 6.96%
RIOT PLATFORMS INC 6.88%
MICROSTRATEGY INCORPORATED 6.37%
NORTHERN DATA AG 5.90%
TERAWULF INC 5.73%
CLEANSPARK INC 4.77%
HUT 8 MINING CORP 4.69%
BLOCK 4.37%