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Wow. There is no limits to humanitys insanity.

To be honest I thought the results were good aswell but the market is forward thinking,when they need to put an extra 150% cash aside upto £4.8B to cover bad lending it shows they know they are far from out the woods, I said earlier I don’t think the true damage has even had chance to show yet.
Bad debts increasing but loans where people are financial stable are getting paid off to reduce exposure.

That being said I wouldn’t be surprised to see this recover a bit tommorrow as many investors will think that’s the last of the bad news out of the way and the future is bright! I hope it is.
GLA

Closed at 146, happy with that for the day, will wait for a rest east of 150 mark and then see where it heads from there.
Pearls I agree with your comments.

MMS love a good shake out, those shares will get snapped up and tucked away long term by savvy investors.

Dont think they had that much in Bitcoin but I’m happy to be wrong, I understood it was around £750k so around £3.5-4m now?

As ever I could be wrong and I am by no means a professional trader, I just think everything is artificially high.

I am. Like I did from 157,cheers

I have to say I don’t see much upside here, the economy is propped up at the minute but it can’t last forever, I actually think the real damage is yet to be done.
I’m not trying to bash anyone’s investment but I’m confident I will be able to buy back in around £1.30 I’m the coming months.

I’m trying to establish a target price here but really struggling. As we know the new tech investments can gain valuations with complete disconnect of fundamentals or assets like ARB, I’m not bashing ARB, I’m just using them as an example of how a Billion£ market cap can be achieved in this new world of investing without the assets.
If all goes well here I beleive MODE has the ability to achieve that big Billion status one day with the right marketing. We don’t rely on Bitcoin value in itself,we rely on on volume of transactions and I think we all know Bitcoin/ crypto’s are here to stay.
Basically what I’m saying is a market cap of £2-300M short term is very possible indeed imo.

Like to drop the bid but not the ask!

Wookieemonster that’s a great post with some very solid points.

So we bought Bitcoin back in October at 10-11k, I presuming the full £750k? That’s worth around £3.6M now then. Well played.

Thanks bigbadbob, that might be why I’m struggling to find any info on it.

Don’t worry, I got impaled on that spike aswell, should have hit the buy button this morning at 60p.
Can anyone tell me What price did mode buy their Bitcoin at?

Literally just tweeted about investing here at 60p and next thing I looked it had rocket! I had to pay 70! Confident this is going to be huge though, easily could be worth £3 a share within a year? What are your price targets here? Admittedly I don’t know much about crypto’s or platforms so interested to hear people’s thoughts..

Looks like a jumper ship early at 21.9! Pmo very undervalued still, watch it set off now.

Hi mr altruistic,

I’m afraid I jumped ship before the rise! I lost my nerve with results coming up and I have no idea what they might look like.
I’m still very much on the fence even now, my refusal to trust anything Boris and co say really is messing with my decision making as it’s lie after lie.
I see they are saying ‘easing of restrictions’ to start in March but I can see them taking that long that’s summer will be a right off and then when natural winter deaths increase it will all start again.
If the vaccine is such a saviour surely we just lift lockdowns and get back to normality?!

Pleased to see you hit your targets though mate, you called it spot on and held well through the minor pull backs, very well played!

ATB everyone

Good posts soder, thanks

I’ll be going a long on a spread bet for this mate, for a quick in then out type of trade.
I will be putting a nice lump traditional buy down on barcs if we see 135 again though.

ATB mate

After today I’m going with a March onwards in SP. I tried and tried to get below 147 but never succeeded. Dow looking like it could turn blue so ftse will likely follow tommorrow and push this up to 150 and beyond. Will jump in for a quick trade to 155. ATB everyome