Member Info for roleybirkin

And called down into the close...
Clever

Next set of accounts due soon.
The year end June 2020.
Broker suggests £6.4m revenue (£3.5m 1H) down from £7.9m, but expected as re-focused the business on higher margin.
Costs expected down heavily and break even to profitability early 2021.

I disagree.
A change of broker now makes sense.
Cannacord are the esports broker of choice and give a more global footing.

I believe it is a pink sheet OTC share listing in the US.
Very thinly traded but did print at $8 at the close....
Not sure it will change tomorrow’s opening price.
We shall see.

https://www.marketwatch.com/investing/stock/nvytf/

Closed at $8 in the US tonight...

I have found an old list so maybe has changed.
For example I have Dot as 4,001,300 which is now valued at $17,325,629

Has anyone got a list of their holdings?
That would be useful

Not long to wait then Dusterman

you have to wait a little longer Mozat
1,000,000 sale after the close.

I am banned Wilson63... otherwise

It was mentioned in the 6 monthly report released recently deep joy?
24% rose to 28%....
Hardly hiding it.
Spec savers matey!

Net assets on the KR1 balance sheet were just a little over £8.082m
Assets per share sat at 6.18p per share

Key to add that KR1's more significant holdings have risen in the quarter to end Sept 20.

Thanks andsoforth. I am aware of the European numbers.
Europe to end 2019 came in with a fall in revenues to £99.8m ($125m) from £107.7m so still contributing a significant chunk of global revenues.
US delivers a similar amount at around $125m
Asia is now around $42m and
Canada at $10m
and hence $302m for global.
The US has been a bit of a thorn and has had years significantly higher.

Then are you reading let alone responding to this chat room Dusterman?

and finally, andsoforth...
Why am I so confident.
Simply, I know the company well. I know a few of there senior people and I know the model.
It needs some work to re-kindle the excitement but it has:-
- The Block platform still by far the best there is globally imo
- It has a liquidity seeking dark algo that is growing in traded volumes and that is being rolled out globally
- It has a fixed income product (Veg-Chi) that is growing but still early in its adoption
- It delivers a client base to Icap and that delivers them huge opportunity

For me, they need someone like an Icap - brutal and focused as I feel Liquidnet lost it's way, but the market still needs a platform that delivers block sized execution.

To continue andsoforth,
I get Cannacord and their concern at trailing earnings but there is a lot more to a Liquidnet than just the revenue less costs imo.
Icap get a
- global client base across equities and fixed income (as that market continues to drive revenues)
- 1,000 plus signed agreements with the largest asset managers across the world
- a business model that scrapes order flow and thus has the ability take all orders that are not placed with third party brokers and also gets any order share balance not placed to a broker. That leads to a huge global liquidity pool
- A dark seeking also that is global and well respected

The key for Icap is how they can build on the new relationships they will have and cross sell their suite of products.
Couple that with drive 'block' trading and review the technology and the opportunity is clearly there.

Hi andsoforth,
My understanding is that there were four parties interested at different levels of commitment. These were names provided by people fairly close and I have no reason to doubt the names as they were logical acquirers.
There may still be a sexual harassment claim against the company, but for obvious reasons I decline to comment as I am aware but haven't followed too closely.
What I would add is that your comment "which is probably why the CEO moved sideways earlier this year" may have some element of truth, but only he could answer a question of that nature.
Finally, I feel this is a sale that feels like desperation for a Liquidnet which makes it a steal of a purchase for an Icap.

Hi Cheapshareboy,
Liquidnet has been around now since early 2001 - April launch in the US and then launched in Europe followed by Asia.
Started life as a block trading platform for equities live in 5 markets and quickly opening up in European markets.
Opened in Asia some years later and then Canada alongside the US equity markets.
Had huge success in it's formative years and was hit by the 2008 crash like everyone else.
Europe drove the way for broker access in a controlled fashion and then delivered a dark seeking also around 2011.
Last few years have seen a tail off in revenue growth but the block platform is still unique in execution size, size of liquidity pool (in excess of $100bn daily) and execution performance.
What it needs now is a fresh pair of eyes and to be re-ignited and it is a steal in my opinion.
If I had my way, I would review the various revenue streams and maybe pull back on some and also look to keep the best people.
It is an easy win in lowering costs and driving the high margin revenue streams.

I am happy answering any questions you may have about Liquidnet as I know the ''Crossing' space well.
Fire away if you wish, but it is a great business and gives ICAP an amazing global asset management footprint they can only dream of having.

The acquisition is excellent Cheapsharesboy.... Believe me.
And it is somewhat cheap given previous bids where the CEO turned all down.
Crazy opportunity.